MANILA — Rizal Commercial Banking Corp. (RCBC) said Tuesday it hired a former official of the Anti-Money Laundering Council as chief compliance officer, as the bank continues to beef up its management team.

Richard David Funk III, a former officer-in-charge, deputy director, and group head of the compliance and investigation group of the AMLC secretariat, will replace Rafael Reynante, the bank told the stock exchange.

Funk will bring with him more than 20 years of experience in legal guidance on regulations including anti-money laundering and regulatory compliance, it added.

Juan Gabriel Tomas IV was also named the new customer service support segment head of the operations group, while Cecilia Natividad was tapped as group head of marketing.

Several high-ranking officials of RCBC, including president and chief operating officer Lorenzo Tan, resigned after the bank was implicated in the $81-million heist on Bangladesh's foreign reserves.

The bank was fined a record P1 billion following the investigation on the incident, considered one of the world's biggest cases of cyber thefts.

RCBC shares closed 0.41 percent lower to P36.15 on Tuesday.