Lorenzo V. Tan

Quick Facts

Full Name	Lorenzo V. Tan
Occupation	Banker
Date Of Birth	Aug 10, 1961(1961-08-10)
Age	63
Country	Philippines
Birth City	Manila
Horoscope	Leo

Lorenzo V. Tan Biography

Lorenzo V. Tan is one of the most popular and richest Banker who was born on August 10, 1961 in Manila, Philippines. After his long tenure as RCBC’s top executive Tan is now the head of Yuchengco Group of Companies House of Investments (HI). As the Philippines’ first investment bank, the firm was founded in 1959. HI currently has a diverse portfolio that focuses on car dealerships as well as construction, education and project and property management. HI owns car dealerships that are registered under the Honda and Isuzu brand names. HI also owns Landev Corporation. This corporation is primarily involved in the property and project management of the YGC, as well as security services. The majority of the firm’s shares in the EEI Corporation, a major Philippine construction and general contractor firm, as well as in iPeople, the owner of Mapua University and the Malayan Education System, Inc., are also owned by HI. Tan was elected Director of iPeople in January 2018.

Lorenzo V. Tan has been the recipient of many awards and recognitions. He was also named one of the Ten Outstanding Young Men for Banking (TOYM) in 1999.

Prior to that, he was able to reverse the fortunes of the formerly state-owned Philippine National Bank (PNB). One year under Tan’s watch, PNB was able to go from five straight years of losses to enter the black in 2003. It then doubled net income in 2004 and was ready for privatization the following year, two years ahead of schedule.

The insurance company was the second largest in the Philippines in 2005 with total assets in excess of Php60 billion, with a more than 2,300 strong agency force, and 53 branches and sales offices nationwide. By year-end 2006, Sun Life pre-need leapt to the number one position (from 6th), its mutual funds business overtook its main competitor, and its life insurance unit remained a strong second. That same year he was awarded the Insurance CEO (CEO EXCEL Awards) of the year by IABC/Phils.

Lorenzo Tan has extensive banking experience both in the Philippines as well as abroad. These include various positions at Citibank N.A. From 1987 to 1995, he was Director of Citibank Singapore’s Regional Financial Advisory (1993-1995), Vice President of Global Finance at Citibank Los Angeles (1991-1993) and Assistant Vice President for Citicorp Real Estate, Citibank, New York (1987-1991). Additionally, Mr. Tan served on 37 boards of organizations in five industries.

Lorenzo V. Tan Net Worth

Lorenzo V. Tan is one of the richest Banker from Philippines. According to our analysis, Wikipedia, Forbes & Business Insider, Lorenzo V. Tan 's net worth $5 Million. (Last Update: December 11, 2023)

Lorenzo Villanueva Tan, a prominent Filipino banker who was born August 10, 1961, is the former President of the Banker’s Association of the Philippines and the Chairman of the Asian Bankers Association. He was 37 years old when he became the youngest president in the Philippines of a universal bank.

Tan graduated from De La Salle University in June 1982 with a Bachelor’s degree in Commerce and a Major in Accounting. He received the J.L. Master of Management degree in June 1987. He received a Master of Management degree from the J.L. Kellogg Graduate School of Management at Northwestern University in Evanston. His concentration was Finance and Management Information Systems. He is also a certified public accounting specialist in Pennsylvania, USA, and the Philippines.

Tan joined the PNB on April 10, 2002 upon the invitation of its two major shareholders, namely, the government-owned Philippine Deposit Insurance Corp. (PDIC) and the Lucio Tan Group. At that time, the PDIC had just infused P7.8 billion in equity, in the form of preferred shares in the bank, in line with its five-year rehabilitation program. Tan was given the “principal mandate to lead the five-year rehabilitation efforts and turn around the financial performance from losses to profits.” He is credited with the adoption of the “good bank-bad bank” strategy, which resulted in the early recovery of government funds, including premium in just the third year of the five-year rehabilitation program. During his term as president of PNB, Tan was able to steer the bank to its first profitability in 6 years with Php 168 million net income in 2003 versus P2 billion projected loss, reversing Php 33 billion losses in 5 years.

Height, Weight & Body Measurements

Lorenzo V. Tan height Not available right now. Lorenzo weight Not Known & body measurements will update soon.

Who is Lorenzo V. Tan Dating?

According to our records, Lorenzo V. Tan is possibily single & has not been previously engaged. As of December 1, 2023, Lorenzo V. Tan’s is not dating anyone.

Relationships Record : We have no records of past relationships for Lorenzo V. Tan. You may help us to build the dating records for Lorenzo V. Tan!

Tan also restores old houses. In 2011 he sold one of his projects in Forbes Park to boxing champion, Manny Pacquiao for the then record amount of Php 388 million, triggering a price surge that has sent property prices in the posh subdivision soaring to as high as Php 1 billion pesos for a “nine-bedroom, ten-bathroom, two-story South Forbes house.”

Facts & Trivia

Lorenzo Ranked on the list of most popular Banker. Also ranked in the elit list of famous people born in Philippines. Lorenzo V. Tan celebrates birthday on August 10 of every year.

From 2012 to 2014, Tan also led as chairman of the Asian Bankers Association, a banking association of 103 banks from 26 Asian countries. Tan encouraged the association’s members to offer innovative products that help the movement of debt and equity from markets with excess funds to markets with demand for development such as infrastructure, manufacturing equipment, or other long term needs.