China Banking Corporation (China Bank) named Lilian Yu as Head of the Institutional Banking Group (IBG) as part of the senior management changes to optimize the bench strength of the Bank’s executive team. She was also appointed Advisor to the Board of the Bank’s investment house subsidiary, China Bank Capital Corporation (CBCC).
Yu is a CPA and CFA with more than 20 years’ experience in the financial services sector. She joined China Bank in 2015 as Head of Credit Structuring of CBCC, and in 2017, was appointed to serve as Deputy Head of IBG.
Yu succeeds William Whang, who became China Bank President in November last year after leading the Bank’s lending business for six years. Under Whang’s leadership, the Bank’s total loan portfolio nearly tripled from P151 billion in 2011 to P404 billion by mid-2017.
“Led by Lilian, I am confident of the continued growth of IBG. She has a firm understanding of the business requirements and challenges facing our corporate clients today,” said Whang.
In her new role, Yu is responsible for driving revenues, accelerating organic growth, and enhancing the strategic capabilities of IBG.
“IBG is a major contributor to the Bank’s bottom line. We expect corporate lending to grow 17% in 2017. I hope to build on this growth by leveraging on the Bank’s network of relationships,” said Yu.
Prior to joining the Bank, Yu was an International Consultant for the Asian Development Bank, where she worked on water projects for Southeast Asian member countries. She also previously held senior management positions at ABN AMRO Bank, ING Bank N.V., Barclays Capital, Deutsche Bank, and the International Finance Corporation. Yu holds an MBA from the Wharton School of the University of Pennsylvania and a Business Administration and Accountancy degree from the University of the Philippines where she graduated magna cum laude.