ASIA United Bank (AUB) mourned the passing of Ramon Y. Sy, who was 91 years old.

A pillar in the banking industry, Sy joined AUB in March 2012 as director and vice chairman. He was instrumental and very much involved in the bank's Initial Public Offering (IPO) roadshows and public listing in May 2013.

As a member of the Credit Committee and Executive Committee, Sy's background and experience in credit made its mark on both young and experienced account officers of AUB. His wisdom and insights on corporate governance, risk management and people and organization, contributed significantly to the performance of the bank's Board of Directors.

Considered a legend in Philippine banking for having risen from the rank of a messenger at the former Manila branch of Bank of America, Sy was a paragon of professionalism, commitment and integrity.

"More importantly, he was known for his genuine concern and care for people. A true gentleman, indeed," said AUB president Manuel A. Gomez.

"Mr. Sy, the AUB family is grateful for the years you have dedicated and shared with us. We have nothing but respect and admiration for you, and we will always be grateful for your mentoring and inspiration," he added. (PR)