Union Bank SVP Baltao quits 3 years after revamping fintech unit EON

Union Bank senior vice president Paolo Eugenio Baltao has resigned from the Aboitiz-controlled bank effective 15 October 2020.

Baltao is leaving to “pursue other career opportunities”.

Baltao is head of Union Bank’s EON banking which was relaunched in 2017 as a new digital banking platform (deposit, consumer finance and payment options) where users log in through a selfie.

Baltao used to be the President of G-Xchange, Inc., a wholly-owned subsidiary of Globe Telecom which operates its m-commerce product, GCash.

BTS agency employees accused of insider trading

Three employees at HYBE, the agency behind K-pop megastars BTS, have been accused of insider trading by South Korea’s financial watchdog over share sales before the group’s bombshell “hiatus” announcement.