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Philippine National Bank names chief audit executive/internal audit head

Philippine National Bank appointed Martin Tengco as vice president, chief audit executive and head of the bank's internal audit group, effective June 1.

Tengco will replace Dioscoro Lim, who will step down as chief audit executive and head of the bank's internal audit group, with the rank of senior vice president, due to the end of his management contract, according to a May 26 stock exchange filing.