Mr. Catalino S. Abacan was initially appointed as director of the Bank in December 2019, to serve the remaining term of Mr. Kenneth S. Uy, who resigned as Chairman and director of the Bank in November 2019. Thereafter, on January 2, 2020, Mr. Abacan was elected Chairman of the Board.
Prior to Sun Savings Bank, he was the former President & CEO of City Savings Bank, a thrift bank subsidiary of Union Bank of the Philippines (UBP) and a member of the Aboitiz Group.
Mr. Abacan started his career at the Philippine Banking Corporation (PhilBank) in 1975 where he held various positions initially as Credit Investigator/Appraiser then as Head of the Credit Investigation & Appraisal Unit. Afterwards, he moved to Branch Operations as Manager and subsequently, became an Area Manager for Manila branches. The last position he held was being Vice-President & Group Head for Operations of Transaction Banking (Loans & International), Foreign Currency Deposit Unit and Treasury.
In 1994, he was invited by Lippo Bank of Indonesia as the Vice President for Operations of their Manila Offshore Banking Unit. Likewise, he was instrumental in setting up a Lippo Bank branch in Cambodia.
In 1997, Mr. Abacan joined Union Bank of the Philippines (UBP) as VP/Region Service and Operations Head of North Luzon branches. Eventually, he was assigned in 2000 – 2004 as VP/Operations Head of UBP Visa Credit Card Unit, then as Head of Liabilities Products, Branches Operations & Credit Card Operations. His last position in UBP was Executive Vice-President of the Channel Management Group until 2014.
In 2013, he was appointed as Vice Chairman of the Board of Directors of City Savings Bank, a subsidiary of UBP and then, became its President/CEO in 2014. In 2018, he was transferred as President/CEO of PR Savings Bank to oversee its merger with City Savings. Upon the latter’s completion in February 2019, he was designated as Senior Adviser to the Board until his retirement on October 31, 2019.
He graduated with a Bachelor of Science in Business Administration (BSBA) major in Accounting at the University of the East and passed the CPA Board in 1975.
Also, he completed the academic requirements for the Masters in Business Administration at the Ateneo Graduate School of Business in 1978.