Jose Arnulfo “Wick” Veloso is the newly appointed President and CEO of Philippine National Bank. Prior to his current position, he was President and CEO of HSBC Philippines from December 2012, the first Filipino CEO in its 140 years of operations in the country. Under his watch, HSBC Philippines was named by The Asset as 2018’s best global bank in the country.
Mr. Veloso has 32 years of banking and capital markets experience of which 24 years were with HSBC. He joined HSBC in December 1994 as Head of Interest Rate Trading in the Philippines before transferring to the Group’s Asian headquarters in Hong Kong in July 2000 to take on dual roles, first as Head of Asian Local Currency Debt Trading, then as Head of Credit Derivatives for Asia Pacific concurrently.
Mr. Veloso assumed responsibility for HSBC Philippines’ Treasury and Global Markets business upon his return to the country in June 2003. In October 2010, he was promoted to Managing Director and was appointed Head of Global Banking and Markets in August 2012. Under his leadership, HSBC Philippines garnered various industry recognitions for its successful capital market transactions.
Prior to joining HSBC, Mr. Veloso worked for other local and foreign banks.
As a seasoned banker, Mr. Veloso is also actively involved in several industry organizations. He is a Director of the Philippine Dealing and Exchange Corporation and Philippine Securities Settlement Corporation. He was formerly Chairman of the Council of Trustees of the British School Manila, President of the Money Market Association of the Philippines, member of ACI (Assosacion Cambiste Internationale) Philippines, Director of the British Chamber of Commerce of the Philippines and Director of the European Chamber of Commerce. He was also Director and Chairperson of the Open Market Committee of the Bankers Association of the Philippines (BAP).
Mr. Veloso obtained his degree in Marketing Management from the De La Salle University in the Philippines in 1986. He is married with four children.