East West Banking Corp.PSE: EW

Change in Directors and/or Officers (Resignation, Removal or Appointment, Election and/or Promotion)

· Issued by East West Banking Corp.
SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) May 26, 20222. SEC Identification Number ASO94-0027333. BIR Tax Identification No. 003-921-0574. Exact name of issuer as specified in its charter East West Banking Corporation5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office The Beaufort, 5th avenue corner 23rd St. Bonifacio Global City, TaguigPostal Code16348. Issuer's telephone number, including area code +632 8575-38889. Former name or former address, if changed since last report NA10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 2,249,975,411
11. Indicate the item numbers reported herein Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

East West Banking CorporationEW PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Change in Directors and Senior Officers

Background/Description of the Disclosure

Please be informed that the Board of Directors of the Bank, in its regular meeting dated May 26, 2022, approved the following:

1. Resignation of Mercedes T. Gotianun from the Board effective June 30, 2022 and appointment as Chairwoman Emeritus effective June 30, 2022.
2. Retirement of Antonio C. Moncupa, Jr. as CEO effective December 31, 2022. He will remain as Vice Chairman of the Board.
3. Change in Designation of Antonio C. Moncupa, Jr. from Vice Chairman, President, and CEO to Vice Chairman and CEO effective July 01, 2022.
4. Appointment of Jerry G. Ngo as Chief Executive Officer (CEO) - Designate effective October 01, 2022 and as Chief Executive Officer (CEO) effective January 01, 2023. This will be subject to regulatory approval.
5. Promotion and appointment of Jacqueline S. Fernandez as President and director, respectively, effective July 01, 2022. This will be subject to regulatory approval.
6. Hiring of Lawrence Lee - Executive Vice President and Head of Consumer Lending effective July 1, 2022. This will be subject to regulatory approval.

Jackie is currently the Chief Lending Officer of the Bank and was a key figure in steering EW to become a major force in consumer lending for the past 16 years. She led the bank to top positions in Auto and Personal Loans, where EW is among the top three largest banks, and guided EW to become the 6th largest credit card issuer. In 2018, the bank consolidated its lending activities, including corporate lending, under Ms. Fernandez with its renewed effort to further expand its business loans portfolio. Before joining EW in 2006, Ms. Fernandez held various roles in credit risk and remedial management in Standard Chartered Bank and Far East Bank and Trust Company.

Jackie obtained her Master's in Business Administration from the University of the Philippines and graduated cum laude in BA Economics from the same university.

Jerry is currently the Special Advisor to the EW Board. He is also currently a consultant of Filinvest Development Corporation and consults with FDC and its subsidiaries on their strategies, potential initiatives, and merger and acquisition opportunities.

Jerry brings to EastWest 30 years of banking and finance experience. He served as group chief finance officer and independent board director of Saratoga Investama Sedaya, one of Indonesia's earliest and largest investment holding company with a current market capitalization of $3 billion. Prior to this, he was the institutional banking head and executive director for ANZ Bank Indonesia, and served as managing director for Vietnam, Laos, and Cambodia at Standard Chartered Bank. He also previously worked for Citibank where he held various roles in product management, sales, and operations in Manila, South Korea, and Singapore.

Jerry completed his Master's in Business Administration from the University of Chicago-Booth School of Business, and completed the Advanced Management Program of Harvard Business School. He also received his Master of Management from the University of San Jose-Recoletos in Cebu City.

Lawrence has 30 years of experience in international banking and finance. An experienced business finance, credit cycle, & product country head, regional and global risk / operations leader. He is currently a Principal Consultant at FICO since January 2022. His main role is to assist banks across the region to implement digital transformation through advanced analytics & customer engagement solutions and to transform data lakes into meaningful strategies. Prior joining FICO, he also held a Senior Consultant role at Trusting Social where he helped develop business plans, underwriting policies, and rules; provided insights on credit and operational risk policies for the partnerships and was an advisor for collection and recoveries management.

Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy) 		Reason(s) for Resignation/Cessation
Mercedes T. Gotianun Director Jun 30, 2022 Retirement as Director
Antonio C. Moncupa, Jr. President & Chief Executive Officer Jan 01, 2023 Retirement as President & Chief Executive Officer
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy) 		Effective Date of Appointment Election
(mmm/dd/yyyy) 		Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Jacqueline S. Fernandez President and Director May 26, 2022 Jul 01, 2022 59,455 - -
Jerry G. Ngo Chief Executive Officer - Designate May 26, 2022 Oct 01, 2022 - - -
Jerry G. Ngo Chief Executive Officer May 26, 2022 Jan 01, 2023 - - -
Lawrence Lee Executive Vice President and Consumer Lending Head May 26, 2022 Jul 01, 2022 - - -
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy) 		Effective Date of Change
(mmm/dd/yyyy) 		Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
Mercedes T. Gotianun Director Chairwoman Emeritus May 26, 2022 Jun 30, 2022 15 1,320,981 Lodged with PCD
Antonio C. Moncupa, Jr. Vice-Chairman, President & Chief Executive Officer Vice-Chairman and Chief Executive Officer May 26, 2022 Jul 01, 2022 7,333,554 - -
Antonio C. Moncupa, Jr. Vice-Chairman and Chief Executive Officer Vice-Chairman May 26, 2022 Jan 1, 2023 7,333,554 - -
Jacqueline S. Fernandez SEVP and Chief Lending Officer President and Director May 26, 2022 Jul 01, 2022 59,455 - -
Other Relevant Information

Amended to clarify the following:

1. Antonio C. Moncupa, Jr.'s retirement as President & CEO, he will remain as Vice-Chairman of the Bank;
2. Promotion of Jacqueline S. Fernandez from SEVP, Chief Lending Officer to President and Director;
3. Retirement of Mercedes T. Gotianun as Director and appointment as Chairwoman Emeritus

Filed on behalf by:
Name Vincent Villanueva
Designation Finance Officer

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