64, was elected Chairman Emeritus on April 28, 2015. He was elected Vice Chairman of the Board on April 4, 1989 before assuming the Chairman’s position from April 1991 to April 2015. He is the Chairman of St. Luke’s Medical Center (since August 2011), Chairman of City Industrial Corporation (since June 1994), Independent Director of PLC-Nickel Asia Corporation (since September 2010) and a Director of Ponderosa Leather Goods Co., Inc. (since May 1980).
68, was elected Chairman of the Board on April 28, 2015. He was elected to the Board in October 2002 before assuming the position of President and Chief Executive Officer of the Bank on January 5, 2004. Prior to this, he was Senior Executive Vice President and Chief Operating Officer.
He is currently a member of the Executive, Nominations and Remuneration, Restructuring, Finance and Transformation and Risk Oversight Committees. He is a Member of the Society of Fellows of the Institute of Corporate Directors (since July 2006). He is a Director of Catholic Travel, Inc. (since March 2009).
He was the President of the Bankers Association of the Philippines (from April 2012 to March 2013) and Director (from March 2014 to October 2015). He was the Chairman and Director of SB Capital Investment Corporation (from April 2004 to August 2016), Security Bank Savings Corporation (from February 2012 to May 2015) and SB Rental Corporation (from May 2014 to May 2015). He was the Chairman of SBM Leasing, Inc. (from July 2011 to May 2014) and a Director of SB Cards Corporation (from December 2012 to June 2013). Mr. Villarosa has extensive banking experience in the areas of Treasury, Investment Banking and Consumer Banking. Prior to joining the Bank, he was the Executive Vice President and Treasurer of Bank of the Philippine Islands (BPI) (from October 1996 to October 2002). During that time, he was a Director in several BPI subsidiaries, including BPI Family Bank, BPI Forex Corporation and BPI Investment Management, Inc. Prior to joining BPI, he was Director/President of CityTrust Securities Corp. (from 1998 to 2003) and with CityTrust Banking Corporation (from 1987 to 1996) where the last position he held was Executive Vice President/Treasurer and President of CityTrust Investment Philippines. Prior to this, he was a Vice President of Citibank N.A. (from 1984 to 1987). He graduated with a Bachelor of Science degree in Commerce from University of San Carlos, Cebu City and earned his Master’s degree in Business Management from the Asian Institute of Management.
61, was elected to the Board in April 1996 and appointed Vice Chairman in April 2018. She was the Bank’s Corporate Treasurer (from 1994 to September 2004) and Executive Director (from September 2004 to April 2018).
She is the Vice Chairperson of the Transformation Committee. She is a member of the Corporate Governance, Nominations and Remuneration, and Finance Committees, and an alternate member of the Executive Committee.
She is a Director of Woodchild Holdings (since 1991), Woodson Holdings (since 1991) and Ponderosa Leather Goods, Co., Inc. (since 1995). She is a Trustee of Tany Foundation, Inc., Security Bank Foundation, Inc., Precept Ministries International of the Phil. Islands, CCF Life Academy Foundation Inc., Uplift Cares Global Movement Foundation Inc. and Center for Community Transformation Inc.
She graduated from the University of the Philippines with a degree in Business Administration and earned units for a Master’s degree in Business Administration from De La Salle University.
63, was elected Director on April 18, 2015. He was the President and Chief Executive Officer of the Bank (from April 28, 2015 to June 30, 2019). He is the Chairman of the Executive Committee. He is also a member of the Trust, Restructuring and Risk Oversight Committees.
He is the Chairman of SB Finance Company, Inc. (since May 2015). He is a Director and Vice Chairman of SB Capital Investment Corporation (since May 2015). He is also a Director of SB Cards Corporation (since May 2015), SB Rental Corporation (since May 2015) and SB Equities, Inc. (since August 2016). He is a Trustee of Security Bank Foundation (since April 2015). He is a Director of the Bankers Association of the Philippines (since October 2015).
Prior to joining the Bank, he was a former executive of the Bank of the Philippine Islands (from 2000 to March 2015), with his last position as Executive Vice President in charge of the Corporate Clients Segment. He served as President of BPI Family Savings Bank (from 2004 to 2010), BPI Insurance Group (from 2000 to 2004) and Allstate Life Insurance (Philippines) in 1999. He served in the retail banking operations of Citibank Philippines as Country Marketing Director and Retail Bank Business Manager for 10 years before joining BPI. He served as Marketing Director for Nippon Vicks KK (Japan) based in Osaka for 5 years (from 1983-1987). He was a member of the Boards of BPI’s subsidiaries and affiliates, specifically: BPI Capital Corporation, BPI Direct Savings Bank, BPI-Philam Life Assurance Corporation, BPI Rental Corporation, BPI Leasing Corporation and Ayala Automotive Holdings Corporation. He received his AB Economics Honors degree (with honors) from Ateneo de Manila University in 1977 and completed the Advanced Management Program at Harvard Business School in 2006.
55, was elected to the Board on April 25, 2017. Prior to this, she was a Director of Security Bank Corporation (from November 2010 to April 2016) and was appointed Senior Advisor to the Board on July 26, 2016.
She is the Chairperson of the Trust Committee and a member of the Related Party Transactions and Technology Execution Excellence Committees. She also serves as Chairperson of SB Capital Investment Corporation (since August 2016).
She is a Commissioner of the Social Security System (since August 2010). She is a Member of the Board of Governors of the Employers Confederation of the Philippines (since January 2017), Member of the Board of Directors of Ionics Inc. (since December 2016), Consultant and Senior Advisor to the Board of PLC-Phil. Seven Corporation (since January 2015), Board Member of the Capital Markets Development Board (since 2013), Director of Wenphil Corporation (since 2012), Director of Electronic Commerce Payment Networks, Inc. (since 2004) and Treasurer of De La Salle Santiago Zobel School (since 2004).
She was a Member of the Board of Directors of the PLC- Philex Petroleum Corporation (from 2014 to 2017), Director of Phoenix Petroleum Philippines, Inc. (from 2010 to 2013) and CLSA Exchange Capital Corp. (from 2001 to 2002). She was a member of the Board of Trustees of De La Salle Santiago Zobel School (from 2004 to 2010), Director of PLC-Phil. Seven Corporation (from 1999 to 2015) and Vice President for Corporate Finance of Jardine Fleming Exchange Capital Corporation Group, Inc. (from 1988 to 2001).
She holds a Master’s degree in Business Administration major in International Business and Finance from Pepperdine University in California and a Bachelor of Science degree in Computer Studies from De La Salle University in Manila.
62, was elected to the Board on April 24, 2018. He is the Chairman of the Finance Committee and Vice Chairman of the Executive Committee. He is also a member of the Audit and Transformation Committees.
He is the Chairman of Palm Concepcion Power Corporation (since June 2018). He is a member of the Board of Directors of Amber Kinetics Holdings Co., PTE Ltd. (since March 2018), PLC-Globe Telecom, Inc. (since April 2018), LH Paragon Group, Golden ABC (since January 2018), PLC-JG Summit Holdings (since May 2018), Philippine Airlines (since May 2018), PLC-PAL Holdings, Inc. (since May 2018), Cal Comp Technology (Philippines) Inc. (since June 2018), and PLC-San Miguel Foods and Beverage, Inc. (since September 2018). He is also a member of the Board of Trustees of St. Luke’s Medical Center (since April 2018) and St. Luke’s Medical Center College of Medicine (since April 2018).
He is also currently affiliated with the Makati Business Club, Harvard Law School, Harvard Club and SGV Foundation.
Prior to joining the Bank, he held various positions in SGV & Co. including Chairman (from 2010 to 2017), Managing Director (from 2009 to 2010), Vice Chairman & Deputy Managing Director (from 2004 to 2009), Head of Tax Division (from 2001 to 2008) and Partner, Tax Services (from 1993 to 2017).
He graduated from the University of the East with a Bachelor of Science degree in Business Administration. He earned his degree in Bachelor of Laws from the Ateneo Law School and took Master of Laws at Harvard Law School.
53, was elected to the Board on April 1, 2016. He is a member of the Bank’s Risk Oversight Committee.
Prior to joining the Bank, he held various positions in BTMU including Deputy General Manager of the Global Corporate Banking Division of BTMU, Deputy General Manager of the Asian Investment Banking Division in Hong Kong (from 2013 to 2015), Chief Manager of the Asian Investment Banking Division in Singapore (from 2012 to 2013), Assistant General Manager of the Investment Banking Department of the Bangkok Branch, Thailand (from 2009 to 2012), Senior Manager of the Global Markets Marketing Division of BTMU (from 2007 to 2009), Associate Director of Tokyo Mitsubishi International in London (from 2003 to 2007), and Manager of the Derivatives and Structured Products Division (from 1999 to 2003). He graduated from the Faculty of Law at Waseda University.
54, was elected to the Board in March 2019, effective April 1, 2019. He is a member of the Bank’s Corporate Governance Committee.
He is the Deputy Chief Operating Officer-International (COO-I) and Deputy Head of the Global Commercial Banking Business Unit (since April 2019) and an Executive Officer (since April 2018) of MUFG Bank Ltd. Prior to this, he held various positions in MUFG Bank Ltd. including Assistant COO-I (from July 2018 to March 2019); Senior Executive Vice President, Head of JPC/MNC Banking of Bank of Ayudhya PCL (from July 2015 to June 2018); and General Manager of the Global Planning Division (from June 2015 to July 2015). He first joined The Bank of Tokyo, Ltd. in April 1988. He graduated from the Faculty of Economics of Yokohama National University.
58, was elected as Director and appointed as President and Chief Executive Officer effective July 1, 2019. He is the Chairman of the Technology Execution Excellence Committee and a member of the Bank’s Executive, Trust, Restructuring, Finance and Transformation Committees.
He has over 30 years of experience in banking, having held a number of senior leadership positions in Asia, in Citibank India as Corporate Bank Head (from 1988 to 1997), Consumer Industry Head in ABN AMRO Bank (from 2000 to 2001), Country Executive in Royal Bank of Scotland in India (2013), Head of Corporate Banking (Asia Pacific) in Deutsche Bank (from 2014 to 2017) and Managing Director, Head of Corporate Banking for Asia & Oceania and Co-Head of Investment Banking for Asia & Oceania at MUFG Bank, Ltd. (from 2017 to 2019), as well as experience in the domestic market as Country Head of Citibank Philippines (from 2006 to 2013).
He graduated with a degree of Bachelor in Technology from the Indian Institute of Technology in India.
78, was elected to the Board on February 21, 1980.
He is the Chairman of the Nominations and Remuneration Committee. He is Vice Chairman of the Trust and Corporate Governance Committees. He is also a non-voting member of the Bank’s Executive Committee.
He is the Vice Chairman (since August 2018) and Director (since September 2008) of Hinatuan Mining Corporation and Cagdianao Mining Corporation; Vice Chairman and Director of PLC-Nickel Asia Corporation (since July 2008) and Taganito Mining Corporation (since May 2005). He is a Director of Rio Tuba Nickel Mining Corporation (since 2013). He is the Independent Director of SB Capital Investment Corporation (since February 2010). He was an Independent Director of SBM Leasing Inc. (from May 2010 to February 2017) and Chairman and President of Solid Mills, Inc. until his retirement in late 2002. He graduated from Oregon University with a degree in Business Administration and a Master’s degree in Business Administration from the University of Denver.
67, was elected to the Board on April 30, 2019. He is the Chairman of the Bank’s Audit Committee and a member of the Corporate Governance Committee. He is the Chairman and Chief Executive Officer of PLC-Nickel Asia Corporation (since August 2018). He is also the Chairman of Rio Tuba Nickel Mining Corporation (since August 2018), Taganito Mining Corporation (since August 2018), Cagdianao Mining Corporation (since August 2018), Hinatuan Mining Corporation (since August 2018) and Cordillera Exploration Co., Inc. (since August 2018). He is the President of Newminco Nickel Mining Corporation (since 2007). Prior to his career in mining, he worked for Citibank for a period of eight years, resigning as Vice President of the Capital Markets Group in Hong Kong, before joining Philex Mining Corporation as Vice President-Finance. He served as Chairman and CEO of Philex Mining Corporation from 1994 until his retirement in December 2003. He served as President of the Chamber of Mines of the Philippines from 1993 to 1995, and as Chairman from 1995 to 2003. He was again elected Chairman in 2017, a position he currently holds. He received his Bachelor of Science degree in Business Administration from Manhattan College, USA, and his Master in Business Management degree from the Asian Institute of Management.
61, was elected to the Board effective August 1, 2019. He is the Chairman of the Bank’s Risk Oversight Committee, Vice Chairman of the Audit Committee and a member of the Nominations and Remuneration Committee.
Prior to joining the Bank, he held various positions in Deutsche Bank AG Manila (from 1995 to 2019) including his most recent assignment as Managing Director/Chief Country Officer, Director and Head of Global Markets. He served as Senior Vice President and Treasurer (from 1989 to 1995) of Citytrust Banking Corporation (CTBC), an affiliate of Citibank NA. He joined CTBC in 1979 as an Executive Development Program Trainee and worked in various operations departments until he became Head of the Centralized Operations Department.
He graduated from the University of the Philippines with a Bachelor of Science degree in Business Economics and a Master’s degree in Business Administration.
72, was elected to the Board on April 24, 1990.
He is the Vice Chairman of the Bank’s Nominations and Remuneration Committee and the Related Party Transactions Committees. He is also a member of the Risk Oversight Committee.
He is the Chairman of Asia Securities Global Group (Hong Kong, since 1993) and Xingya Real Estate Development Co. (China, since 1993). He is a Director of Franklin Templeton Investment Fund (Luxembourg, since 2001). He was a Director in Templeton Emerging Markets Trust Placements (from 1989 to 1999), Taiwan Index Fund Limited (from 1991 to 2003) and Franklin Sealand Fund Management Co. Ltd (from 2012 to January 2018). He graduated from Babson College with a Master’s degree in Business Administration, major in Finance.
57, was elected to the Board on April 25, 2017. She is the Chairperson of the Related Party Transactions and Transformation Committees. She is also a member of the Risk Oversight Committee.
Dr. Kang is the President and Dean of the Asian Institute of Management (AIM) and holds the MVP Chair in Marketing. Prior to assuming her post at AIM, Dr. Kang was Director of the DBA Program at Manchester Business School (MBS) from 2010 to 2014. At MBS, she also served as Director of the Postgraduate Centre in charge of their MBA Programs from 2001 to 2007, where she was instrumental in propelling the full-time MBA Program’s Financial Times ranking from 47th in the world in 2002 to 22nd in 2007, the highest ranking it has ever achieved. Whilst she was in charge of the MBA Programs, MBS became one of the first schools in the world to earn triple accreditation from AACSB, EQUIS, and AMBA.
Dr. Kang currently serves on the International Board of AACSB, the world’s largest business education alliance, and on the Board of EFMD, an international 900-member organization of business schools and corporations. She is also an Independent Director of Kesoram Industries, which is part of the B K Birla Group of Companies in India.
Dr. Kang earned her PhD from the University of Minnesota, her Master’s degree from Colorado State University, and her Bachelor’s degree from Hanyang University, Seoul, Korea.
70, was elected to the Board on 25 April 2017. He is the Chairman of the Bank’s Corporate Governance Committee and Vice Chairman of the Risk Oversight Committee.
He was a Member of the Supervisory Board of Rocket Internet (from 2014 to 2017), Trustee of Philippine Disaster Recovery Foundation, Inc. (from 2013 to 2015) and Ideaspace (from 2012 to 2015), President and Trustee of First Pacific Leadership Academy (from 2012 to 2015) and Chairman of the Board of Trustees and Board of Governors of the Asian Institute of Management (from 2011 to 2017).
He was the Chairman of several subsidiaries of PLDT and Smart including PLDT Communications and Energy Ventures, Inc. (“PCEV”), ePLDT, Inc. (from 2013 to 2015), Digital Telecommunications Phils., Inc. (Digitel) (from 2012 to 2015), Digitel Mobile Philippines Inc. (Digitel Mobile) (from 2012 to 2015), Smart Broadband Inc. (from 2005 to 2015) and i-Contacts Corporation (from 2001 to 2015). He was the President and Chief Executive Officer of PLC-Philippine Long Distance Telephone Company (PLDT) (from February 2004 to 2015), PLC-Smart Communications, Inc. (from January 2000 to 2015), Connectivity Unlimited Resources Enterprise, Inc. (from 2008 to 2015), Aces Philippines Cellular Satellite Corporation (from 2000 to 2015) and PLDT Communications and Energy Ventures (2004 to 2011). He likewise served as Director of PLC-Manila Electric Company, PLDT Global Corporation, Mabuhay Satellite Corporation, Rufino Pacific Tower Condominium and Operation Smile. He was a non-executive director of First Pacific, a Hong Kong Stock Exchange-listed company, and a Supervisory Board Member of Rocket Internet AG, a company which provides a platform for the rapid creation and scaling of consumer internet businesses outside the U.S. and China. Mr. Nazareno’s business experience spans several countries in over 40 years and his exposure cuts across a broad range of industries, namely, packaging, bottling, petrochemicals, real estate and, in the last 16 years, telecommunications and information technology. Mr. Nazareno received his Master’s degree in Business Management from the Asian Institute of Management, completed the INSEAD Executive Program of the European Institute of Business Administration in Fountainbleu, France, and was conferred a Doctor of Technology degree (Honoris Causa) by the University of San Carlos in Cebu City.
55, was elected Corporate Secretary on July 29, 2004.
He is a Partner in Quasha, Ancheta, Peña & Nolasco Law Offices (since May 1998 to the present). He is a member of Integrated Bar of the Philippines, Philippine Bar Association, Immigration Lawyers Association of the Philippines and University of the Philippines Law Alumni Association. He is a founding member of Students Law for Integrity and Democracy – UP College of Law and the UP Association of Political Science Majors.
He is the Chairman of Unigrowth Resources & Development Corporation and President and Director of Dubor Backtrenmittel Und Apparatebau AG (Philippines), Inc., President of Bristol Technology System and ATRM Property Holdings, Inc. and Vice President and Director of Amtel Trading Corporation.
He is a Director of ATRM 2 property Holdings, Inc., Quo Vadis Palawan Resort, Inc., Back Office Superior Services, Inc., Asiamed Inc. and Parex Realty Corporation.
He is also a Corporate Secretary and Director of IXSFORALL, Inc., List International, Blue Sky Searesort Corp., Bohol Agro Marine Development Corp., Artbank Holdings, Inc., Tembuli Development Corp., Metropolitan Philippines Resort Corporation and Corporate Secretary of Lapu-Lapu Resort Development, Inc., Bohol Resort Dev., Inc., Lapu-Lapu Resort. He is a Resident Agent of Ceragon Network (HK) Ltd., Medical Services of America Inc., Tanis Food Tec BV, Wagenborg Shipping Holdings BV, Dubor RHQ and OTV France Philippines.
He was the Treasurer and Vice President/Director of the Integrated Bar of the Philippines, Makati City Chapter (from 2001-2009) before he assumed his position as President (from 2009 to 2011). His practice areas are Civil Litigation, Administrative Law, Immigration Law, Insurance Law, Regulatory, General Practice and Special Projects.
He graduated Cum Laude with a degree in Political Science and took post graduate studies of Bachelor of Laws at the University of the Philippines.
|Designation||Attendance in Regular Board Meeting||Annual Stockholders’ Meeting||Organizational Meeting|
|April 2017 to March 2018||April 24, 2018|
|Frederick Y. Dy||Chairman Emeritus||12 of 12 meetings||Present||Present|
|Alberto S. Villarosa||Chairman||12 of 12 meetings||Present||Present|
|Anastasia Y. Dy||Vice Chairman||12 of 12 meetings||Present||Present|
|Diana P. Aguilar||Director||11 of 12 meetings||Present||Present|
|Atsushi Murakami*||Director||9 of 12 meetings||N/A||N/A|
|Cirilo P. Noel||Director||12 of 12 meetings||Present||Present|
|Takahiro Onishi||Director||12 of 12 meetings||Present||Present|
|Alfonso L. Salcedo, Jr.||Director||12 of 12 meetings||Present||Present|
|Rafel F. Simpao, Jr.||Director||12 of 12 meetings||Present||Present|
|Philip T. Ang||Independent Director||11 of 12 meetings||Present||Present|
|Joseph R. Higdon||Independent Director||10 of 12 meetings||Present||Present|
|James JK Hung||Independent Director||12 of 12 meetings||Present||Present|
|Jikyeong Kang||Independent Director||10 of 12 meetings||Not Present||Not Present|
|Ramon R. Jimenez||Independent Director||11 of 12 meetings||Present||Present|
|Napoleon L. Nazareno||Independent Director||10 of 12 meetings||Present||Present|
|Takayoshi Futae**||Director||2 of 2 meetings||Present||Present|
*Elected to the Board effective April 1, 2018
**Resigned effective March 31, 2018