Jose Arnulfo “Wick” Veloso will be appointed as president of the Philippines National Bank by November 2018.  Veloso will replace Reynaldo Maclang who will retire from his post. He was the former president and CEO of HSBC Philippines since 2012 where he made history as the first Filipino to take the helm of the global bank. He also served as vice-chairman of the Open Market Committee of the Bankers Association of the Philippines.