PDIC welcomes new director

Atty. Eduardo M. Pangan (right) takes his oath of office before Finance Secretary Carlos G. Dominguez III as the newest member of the Philippine Deposit Insurance Corporation’s Board of Directors. (PDIC)

The Philippine Deposit Insurance Corporation (PDIC) welcomed Atty. Eduardo M. Pangan, newly appointed member of the PDIC Board of Directors, representing the Private Sector.

As a partner at the Mendoza & Pangan law firm, Atty. Pangan brings with him more than two decades of experience in corporate law, negotiating and structuring acquisitions and divestments, investments and joint ventures in various industries.

The new PDIC Director graduated from the Ateneo Law School in 1991 and was admitted to the Philippine Bar in 1992. He is a member of the Alliance of M&A Advisors.

Atty. Pangan joins Mr. Rogelio Guadalquiver as newly appointed member of the PDIC Board of Directors.

Under Republic Act No. 10846, the amended PDIC Charter that took effect on June 11, 2016, PDIC’s Board composition increased from five to seven, with the addition of two more directors from the private sector. PDIC is headed by the Secretary of the Department of Finance (DOF) as ex-officio Chairman. The PDIC President serves as Board Vice Chairman and the Bangko Sentral ng Pilipinas (BSP) Governor is ex-officio member of the Board.

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