Metropolitan Bank & Trust Co. (Metrobank), through its Trust Banking Group, continues to strengthen its leadership in institutional fund management after being awarded the Retirement Fund Mandate by the Cagayan Electric Cooperative II (CAGELCO II), the power distributor in the northern parts of Cagayan Valley region.
The partnership highlights CAGELCO II’s confidence in Metrobank’s proven expertise in managing institutional funds, including the retirement benefits for its 300 employees, and reinforces the Bank’s leadership in retirement fund management.
Signing the memorandum of agreement for this partnership are: Seated (L-R) Elmer V. Sibayan, AVP, Metrobank North Luzon VI Area Head; Celina A. Arenas, VP, Metrobank Trust Banking Group Account Management Department Head; Engr. Rudolph Q. Adviento, CAGELCO II General Manager; Dir. Elizabeth B. Suarez, CAGELCO II Vice President; and Dir. Elina S. Taloza, CAGELCO II Secretary. Standing (L-R) Leo Jay R. Labasan, CAGELCO II Finance Division Chief; Sheryl G. Battuac, Metrobank Aparri Branch Head; CAGELCO II BOD Members Raymundo T. Castañeda, Gilda A. Rabanal, CAGELCO II Auditor Lenie P. Dones; CAGELCO II BOD member Teofilo A. Acosta and Reden L. Caraig, Metrobank Trust Banking Group Account Manager
