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Banking veteran Ramon Sy dies at 91

BANKING VETERAN Ramon Y. Sy passed away on Sept. 16. He was 91.

His death was confirmed by Apex Mining Co., Inc. where he served as chairman until his death, as well as Asia United Bank Corp. (AUB), where Mr. Sy served as vice chairman and a director since March 2012.

Mr. Sy was known for his humble beginnings as a messenger at the former Manila branch of Bank of America while attending night classes to finish his studies. He rose from the ranks and eventually became the bank’s country manager.

AUB on Friday said Mr. Sy was instrumental in the bank’s initial public offering roadshows and public listing in 2013.

“Mr. Sy, the AUB family is grateful for the years you have dedicated and shared with us. We have nothing but respect and admiration for you, and we will always be grateful for your mentoring and inspiration,” AUB President Manuel A. Gomez was quoted as saying.

Mr. Sy also previously served as president and chief executive officer of the United Coconut Planters Bank and the International Exchange Bank. He was likewise with the Metropolitan Bank and Trust Corp. in the past as vice chairman.

He obtained a Commerce degree from the Far Eastern University. He also holds a master’s degree in Business Administration from the University of the Philippines.

Mr. Sy is survived by his wife, three children, and his grandchildren. — LWTN

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