Edition:
United States

Bank of the Philippine Islands (BPI.PS)

BPI.PS on Philippine Stock Exchange

101.90PHP
20 Sep 2017
Change (% chg)

Php-0.70 (-0.68%)
Prev Close
Php102.60
Open
Php102.90
Day's High
Php102.90
Day's Low
Php101.60
Volume
230,640
Avg. Vol
1,455,341
52-wk High
Php108.50
52-wk Low
Php85.50

Summary

Name Age Since Current Position

Jaime Augusto Zobel de Ayala

58 2004 Chairman of the Board

Cezar Consing

58 2013 President, Chief Executive Officer, Director

Fernando Zobel de Ayala

57 2013 Vice Chairman of the Board

Joseph Albert Gotuaco

51 2015 Chief Financial Officer, Executive Vice President, Head of Strategy and Development

Antonio Paner

58 2011 Executive Vice President, Treasurer, Head - Global Markets Group

Ramon Jocson

57 2015 Executive Vice President, Head of Enterprise Services

Dennis Gabriel Montecillo

60 Executive Vice President, Head of Corporate Client Segment

Simon Paterno

58 Executive Vice President, Head - Financial Products & Services

Joaquin Ma. Abola

51 Senior Vice President - Retail Clients

Joseph Anthony Alonso

51 2016 Senior Vice President - Credit Group

Olga Ang

55 2015 Senior Vice President - Retail Clients

Estelito Biacora

46 2015 Senior Vice President - Global Markets

Michael Calleja

56 2015 Senior Vice President - Global Markets

Smith Chua

53 Senior Vice President - Financial Products & Services

Fidelina Corcuera

59 2015 Senior Vice President - Strategy and Development

Rosemarie Cruz

54 2016 Senior Vice President - Office of the Chairman and President

Paul Joseph Garcia

47 2015 Senior Vice President - Financial Products & Services

Dino Gasmen

50 2015 Senior Vice President - Global Markets

Marita Socorro Gayares

55 Senior Vice President - Office of the Chairman and President

Maria Cristina Javier

58 Senior Vice President - Corporate Clients

Maria Theresa Javier

46 2015 Senior Vice President - Corporate Clients

Jose Raul Jereza

45 Senior Vice President - Retail Clients

Angelie King

55 2015 Senior Vice President - Retail Clients

Edgardo Madrilejo

60 2016 Senior Vice President - Strategy and Development

Florendo Maranan

57 2016 Senior Vice President - Office of the Chairman and President

Pilar Bernadette Marquez

58 2015 Senior Vice President - Enterprise Services

Eugenio Mercado

53 2015 Senior Vice President - Enterprise Services

Mario Miranda

58 2015 Senior Vice President - Financial Products & Services

Marie Josephine Ocampo

54 2015 Senior Vice President - Financial Products & Services

Ramon Opulencia

60 2015 Senior Vice President - Global Markets

Joseph Philip Anthony Parungao

52 Senior Vice President - Financial Products & Services

Maria Corazon Remo

58 2016 Senior Vice President - Enterprise Services

Mary Catherine Elizabeth Santamaria

49 Senior Vice President - Retail Clients

Angela Santiano

60 2015 Senior Vice President - Credit Group

Manuel Tagaza

54 2015 Senior Vice President - Financial Products & Services

Judy Tecson

64 2015 Senior Vice President - Corporate Clients

Roland Gerard Veloso

53 2015 Senior Vice President - Financial Products & Services

Roy Emil Yu

60 2015 Senior Vice President - Financial Products & Services

Angela Pilar Maramag

2015 Corporate Secretary

Vivian Azcona

61 2014 Director

Rebecca Fernando

68 2009 Director

Delfin Gonzalez

67 2016 Director

Aurelio Montinola

65 2013 Director

Mercedita Nolledo

76 1991 Director

Romeo Bernardo

63 2002 Independent Director

Ignacio Bunye

71 2016 Independent Director

Octavio Espiritu

72 2002 Independent Director

Xavier Loinaz

73 2009 Independent Director

Antonio Jose Periquet

56 2012 Independent Director

Astrid Tuminez

52 2013 Independent Director

Dolores Yuvienco

69 2016 Independent Director

Biographies

Name Description

Jaime Augusto Zobel de Ayala

Mr. Jaime Augusto Zobel de Ayala, II, has been Chairman of the Board of Bank of the Philippine Islands since March 25, 2004. He has served as Member of the Board of BPI since March 1990 and as Vice Chairman from 1995 to March 25, 2004. He is currently Chairman of the Bank’s Executive Committee and member of the Nomination Committee. He is also the Chairman of the Board of Directors of BPI Family Savings Bank, Inc., and BPI Capital Corporation. He is the Chairman and Chief Executive Officer of Ayala Corporation. He is also Chairman of Globe Telecom, Inc. and Integrated Micro-Electronics, Inc., and Vice-Chairman of Ayala Land, Inc. and Manila Water Company, Inc. He is also a member of various international and local business and socio-civic organizations, including the JP Morgan International Council and Mitsubishi Corporation International Advisory Committee. He is also Chairman of Harvard Business School’s Asia-Pacific Advisory Board; a member of the Harvard Global Advisory Council, former Chairman of the Asia Business Council, the Ramon Magsaysay Foundation, and the World Wildlife Fund Philippine Advisory Council and a member of the Board of Trustees of Endeavor Philippines. He was also the Philippine Representative to the Asia Pacific Economic Cooperation (APEC) Business Advisory Council from 2010-2015. He graduated with B.A. in Economics (with honors) at Harvard University in 1981 and completed his MBA at Harvard Business School in 1987.

Cezar Consing

Mr. Cezar Peralta Consing has been President, Chief Executive Officer and Director of Bank of the Philippine Islands since April 18, 2013. He also served as Director of BPI between 1995 and 2000, and 2004 and 2007. Currently, Mr. Consing serves as Chairman of the Bank’s Credit Committee and is a member of the Executive, Retirement & Pension, Risk Management, and Trust Committees. Mr. Consing also serves as Chairman of BPI/MS Insurance Corporation, BPI Direct BanKO, Inc., A Savings Bank, BPI Europe PLC, BPI Century Tokyo & Lease Finance Corporation, and BPI Century Tokyo Rental Corporation, and as Vice-Chairman of BPI Capital Corporation and BPI Foundation, Inc. He also serves as a member of the Board of Directors of BPI Family Savings Bank, Inc. and BPI-Philam Life Assurance Corporation. Mr. Consing is a Board Partner of The Rohatyn Group (TRG) Management Principals LP. He is also a Member of the Board of Directors of National Reinsurance Corporation of the Philippines, LGU Guarantee Corporation, Sqreem Technologies Private Ltd., and Endeavor Philippines. He has served as an Independent Director of Jollibee Foods Corporation since June 2010 and a Board Director and Non-Executive Chairman of Filgifts.com. Between 2006 and 2013, Mr. Consing also served as an Independent Director of Malaysia-based CIMB Group Holdings Bhd and CIMB Group Sdn Bhd, together one of the largest universal banking institutions in Southeast Asia. Between 2005 and 2013, Mr. Consing also served as an Independent Director of First Gen Corp. Mr. Consing joined BPI as a full-time employee in 1980, and worked in its Corporate Planning and Corporate Banking departments. In 1985, he was seconded to J.P. Morgan & Co., and subsequently became a J.P. Morgan & Co. employee. From 1999 to 2004, he was President of J.P. Morgan Securities (Asia Pacific) Ltd. Prior to re-joining BPI, Mr. Consing was a Partner at TRG Management Principals LP heading its Hong Kong office.

Fernando Zobel de Ayala

Mr. Fernando Zobel de Ayala has been Vice Chairman of the Board of Bank of the Philippine Islands since April 2013. He also serves as Chairman of the Bank’s Personnel and Compensation Committee, Vice-Chairman of the Executive Committee and member of the Nomination and Trust Committees. He is also the Chairman of the Board of Trustees of BPI Foundation, Inc. Mr. Zóbel de Ayala is the President and Chief Operating Officer of Ayala Corporation. He is Chairman of Ayala Land, Inc. and Manila Water Company, Inc.; Director of Globe Telecom, Inc. and Integrated Micro-Electronics, Inc. He is Chairman of AC International Finance Ltd., AC Energy Holdings ,Inc. and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation, Inc.; Director of LiveIt Investments Ltd., Ayala International Holdings Limited, Honda Cars Philippines, Inc., Isuzu Philippines Corporation., Pilipinas Shell Petroleum Corp., and Manila Peninsula. Mr. Zóbel de Ayala is also a member of INSEAD’s East Asia Council and the World Presidents’ Organization. He is a board member of Habitat for Humanity International and chairs the steering committee of its Asia Pacific Capital Campaign. He also serves on the board of the Asia Society and is a member of the Asia Philantrophy Circle. He is a board member of the Philippine National Museum, Caritas Manila, Pilipinas Shell Corporation; and Pilipinas Shell Foundation. He holds a liberal arts degree from Harvard College and a CIM from INSEAD, France.

Joseph Albert Gotuaco

Mr. Joseph Albert L. Gotuaco serves as Chief Financial Officer, Executive Vice President, Head of Strategy and Development of Bank of the Philippine Islands. He chairs the Bank’s Capital Expenditure Committee and serves as a member of its Management, Credit, Asset & Liability Management, and Operating & IT Risk Management Committees. He also serves on the Board of BPI International Finance Ltd., a Hong Kong-based banking subsidiary. He began his banking career in New York City in 1986, as a trader and risk manager for various fixed income products at Chemical Bank, a predecessor firm of J.P. Morgan. In 1994, he was based in Hong Kong for J.P. Morgan, then a major shareholder of BPI. He was responsible for servicing corporate and sovereign clients in the Philippines and in Southeast Asia. In 2002, Mr. Gotuaco joined Credit Suisse in its Fixed Income Division; in 2005, he joined Merrill Lynch as Managing Director in its Fixed Income, Currencies & Commodities (“FICC”) Division and served on the firm’s Asia-Pacific Operating Committee. At both Credit Suisse and Merrill Lynch, he was responsible for developing and marketing fixed income solutions for sovereign and corporate clients across non-Japan Asia. Prior to joining BPI, Mr. Gotuaco worked in a Singapore-based investment vehicle of the Brunei government, where he helped manage a manufacturer of general aviation aircraft (Piper Aircraft), and founded a captive finance company (Piper Capital). Mr. Gotuaco obtained his B.S. Economics in Finance and Marketing, summa cum laude, from the Wharton School, University of Pennsylvania, in 1986. He obtained his MBA from Harvard Business School in 1994. Mr. Gotuaco also serves as a non-executive board member of AirFleet Capital, Inc., a U.S.-based originator of loans for general aviation aircraft.

Antonio Paner

Mr. Antonio V. Paner has been Executive Vice President, Treasurer, Head - Global Markets Group of Bank of the Philippine Islands since April 14, 2011. As such, he is responsible for managing the Bank’s interest rate and liquidity gaps, as well as its fixed income and currency market-making, trading, and distribution capabilities – in the Philippines and internationally. Mr. Paner is Chairman of the Bank’s Asset & Liability Committee and is member of the Management Committee and Asset Management Investment Council. Mr. Paner is Chairman of BPI Forex Corporation, and also serves on the boards of BPI Europe Plc, BPI International Finance Ltd. and BPI Direct BanKo. Mr. Paner joined BPI in 1985, when the Bank acquired Family Savings Bank and performed various Treasury and Trust positions until 1989. Between 1989 and 1996, he worked at Citytrust, then the consumer banking arm of Citibank in the Philippines, which BPI acquired in 1996. At BPI, he has been responsible for various fixed income-related businesses of the bank, including Risk Taking, Local Currency Portfolio Management, and Money Management. Mr. Paner served as President of the Money Market Association of the Philippines (MART) in 1998 and remains an active member of the Bankers Association of the Philippines’ (BAP) Open Market Committee. He is also a member of the Money Markets Association of the Philippines, Makati Business Club, Management Association of the Philippines, British Chamber of Commerce, and the Philippine British Business Council. Mr. Paner obtained an A.B. Economics degree from Ateneo de Manila University in 1979 and completed various courses in Business and Finance, including Strategic Financial Management in 2006. In 2009, he completed the Advanced Management Program at Harvard Business School.

Ramon Jocson

Mr. Ramon L. Jocson has been Executive Vice President, Head of Enterprise Services at Bank of The Philippine Islands since 2015. Mr. Jocson is head of Enterprise Services Group which serves as BPI’s infrastructure backbone covering Human Resources, Centralized Operations, Information Systems and General/Administration Services. He chairs the Bank’s IT Steering Committee and is member of the Bank’s Management Committee. Mr. Jocson began his career as a Systems Analyst with IBM in Manila in 1982, subsequently working through different positions including Information Systems Manager, Systems Engineering Manager and Manager of Quality. In 1995, he was based in Singapore where he led IBM’s Applications/Systems Integration business in ASEAN and South Asia. In 1996, he was appointed as Managing Director for IBM Philippines. In 2000, he was appointed as Vice President and GM of IBM Global Services, ASEAN and South Asia. He was then appointed as Vice President and GM of IBM Global Services for Industrial Sector for Asia Pacific in 2005. In 2007, Mr. Jocson was appointed as Vice President and GM of Application Services for the Growth Market Unit, where he led IBM’s Applications Management and Application Integration Services in Asia Pacific, Central & Eastern Europe, Latin America and Middle East/Africa. In 2010, he was appointed as VP & GM of Integrated Technology Services for Asia Pacific. In 2013, he was appointed as VP & GM of IBM Global Services for Central and Eastern Europe based out of Prague, Czech Republic. In this capacity, he had responsibility for IBM’s services portfolio in Russia/CIS, Turkey, Poland & Baltics, Central Europe and South East Europe. From January 2015 until he joined BPI in September 2015, he was IBM Asia Pacific VP & GM for Strategic Outsourcing. He obtained his BS Industrial Engineering degree from the University of the Philippines in 1982. He also has an MBA from the Ateneo Graduate School of Business.

Dennis Gabriel Montecillo

Mr. Dennis Gabriel M. Montecillo is Executive Vice President, Head of Corporate Client Segment at Bank of The Philippine Islands. He was a former President of BPI Capital Corporation, the Bank’s investment banking subsidiary. He has 21 years of international investment banking experience, having worked in New York and Hong Kong at Bankers Trust, Credit Suisse and Morgan Stanley. At Banker’s Trust (now owned by Deutsche Bank), he worked in various capacities in the Real Estate Finance Group and the Global Markets Group, including corporate lending, restructuring, private placements, derivatives, and portfolio analysis and acquisition of real estate assets. During his time at Credit Suisse and Morgan Stanley in Hong Kong, he was part of and managed business development and transaction teams in corporate, real estate and leveraged finance, derivatives, private equity, mergers & acquisitions, and equity and debt capital markets. He primarily served as country manager for the Philippines and was the senior coverage officer for the top corporations and financial institutions in the country. Additionally, in 2000, he established, built up and managed the Financial Sponsors Group at Morgan Stanley to cover the Asian officers of its global private equity, hedge fund and venture capital clients. More recently, Mr. Montecillo served as partner and Chief Executive Officer of Diamond Dragon Advisors (Hong Kong) Limited, Asia's first privately-owned private equity fund placement agent, and before that, was Chief Executive Officer of Fidelis Holdings Limited, the Hong Kong-based regional real estate investment vehicle of the Ayala Group of Companies. Mr. Montecillo earned Master of Business Administration and Master of Arts degrees from Stanford University and bachelor’s degrees in Management of Financial Institutions and Behavioral Sciences, magna cum laude from De La Salle University.

Simon Paterno

Mr. Simon R. Paterno serves as Executive Vice President and Head - Financial Products & Services of Bank of the Philippine Islands. As such, he is responsible for building and managing BPI’s service capabilities across all asset, liability, payments, and bancassurance platforms. He also serves on the Bank’s Management, Asset & Liability, Credit Committees, as well as on the Board of BPI Century Tokyo Lease and Finance Corporation, BPI Century Tokyo Rental Corporation, and BPI/MS Insurance Corporation. Prior to joining BPI, Mr. Paterno represented CIMB in its search for a Philippine bank investment, having joined the group in late 2012 as CEO-designate of Bank of Commerce, which was targeted for acquisition by CIMB. Between 2004 and 2012, he was Managing Director and Country Manager of Credit Suisse, where he also founded and served as Chairman of Credit Suisse Securities Philippines, Inc., the firm’s securities broker/dealer subsidiary. Between 2002 and 2004, Mr. Paterno was President & CEO of Development Bank of the Philippines and concurrently Chairman of the LGU Guarantee Corp. and other DBP subsidiaries. Prior to DBP, Mr. Paterno was a Managing Director at J.P. Morgan, where he spent 18 years in various capacities, rising from Head of Philippine banking to Head for sovereign clients in all of Asia. During the Asian Financial Crisis, he led the project teams that advised the Indonesian Bank Restructuring Agency (IBRA) and its Malaysian counterpart, Danaharta. In his career, Mr. Paterno worked on some of the most significant sovereign financing transactions in the Philippines: restructuring of its foreign debt (1991), debut eurobond (1992), Brady exchanges (1994), Domestic Bond Exchanges (2006), and Debt Exchange Warrants (2008). Mr. Paterno received his MBA from Stanford University in 1984 and his AB Honors Program in Economics, cum laude, from the Ateneo de Manila University in 1980.

Joaquin Ma. Abola

Joseph Anthony Alonso

Olga Ang

Estelito Biacora

Michael Calleja

Smith Chua

Fidelina Corcuera

Rosemarie Cruz

Paul Joseph Garcia

Dino Gasmen

Marita Socorro Gayares

Maria Cristina Javier

Maria Theresa Javier

Ms. Maria Theresa D. Marcial Javier serves as Senior Vice President - Corporate Clients of Bank of the Philippine Islands. She was Head of Asset Management and Trust Group (2009-January 1, 2015), then Senior Vice President - Asset Management & Trust. She has served as the President of the Trust Officers Association of the Philippines. Her other affiliations include, among others: Director, BPI Investment Management, Inc.; Director, McCann World Group Philippines, Inc.; Director, Fintec Holdings, Inc.; Director and President, Phase II Holdings, Inc.; Member of the Board of Senior Advisers, Fund Managers Association of the Philippines. She is also a Director of the following mutual fund companies: ALFM Peso Bond Fund, ALFM Dollar Bond Fund, ALFM Euro Bond Fund, ALFM Money Market Fund, ALFM Growth Fund, and Philippine Stock Index Fund, Inc. She graduated cum laude at the University of the Philippines, Los Banos in 1990 with a B.S. Economics degree, and finished her Masters Degree in Economics in 1994 at the University of the Philippines School of Economics, Diliman. She took up the CFA Institute Investment Management Workshop at the Harvard Business School, Boston in 2006. She completed the Advanced Management Program at the Harvard Business School (Harvard University), Boston in 2010.

Jose Raul Jereza

Angelie King

Edgardo Madrilejo

Florendo Maranan

Pilar Bernadette Marquez

Eugenio Mercado

Mario Miranda

Marie Josephine Ocampo

Ramon Opulencia

Joseph Philip Anthony Parungao

Maria Corazon Remo

Ms. Maria Corazon S. Remo serves as Senior Vice President - - Enterprise Services of Bank of the Philippine Islands. At present, she is the Chairman of the Board of Trustee of the following: BPI Operations Management Corporation, Ayala Life-FGU Condominium Corporation Makati, Ayala Life-FGU Condominium Corporation Alabang, BPI Paseo de Roxas Condominium Corporation and Greentop Condominium Corporation. She is also a member of the Board of Directors of BPI Computer Systems Corporation, Citytrust Realty Corporation and FGU Insurance Corporation. She graduated with B.S. Business Economics from the University of the Philippines in 1978 and obtained her MBA from the Ateneo de Manila University in 1988.

Mary Catherine Elizabeth Santamaria

Angela Santiano

Manuel Tagaza

Judy Tecson

Roland Gerard Veloso

Roy Emil Yu

Angela Pilar Maramag

Vivian Azcona

Ms. Vivian Que Azcona has been Director of Bank of the Philippine Islands since April 10, 2014. She is also a member of the Bank’ Nomination and Personnel & Compensation Committees. Ms. Azcona is the President of the Mercury Group of Companies, Inc. (“MGCI”) and Mercury Drug Corporation (“MDC”), a subsidiary of MGCI. She was appointed Vice President and General Manager of MDC in 1983 and assumed her current position in 1998. She is also the President of Mercury Drug Foundation, a non-stock, non-profit organization active in the promotion and building of a healthy, educated and productive nation. Ms. Azcona is a registered pharmacist. She is a member of the Philippine Pharmacists Association for which she has served as an officer and director. She received her B.S. Pharmacy degree, cum laude, from the University of Santo Tomas, in 1977. She also graduated from the Basic Management Program of the Asian Institute of Management, in 1978.

Rebecca Fernando

Ms. Rebecca G. Fernando, CPA, has been reappointed Director of Bank of the Philippine Islands since March 31, 2009. She also served as a Director from 1995 until 2007. Ms. Fernando is a member of the following Committees in BPI: Executive Committee, Trust Committee, Related Party Transaction Committee and Retirement/Pension Committee. She is also a member of the Board of Directors BPI Capital Corporation and BPI Family Savings Bank, Inc. Ms. Fernando is the Financial Consultant and Member of the Finance Boards of The Roman Catholic Archbishop of Manila and of The Roman Catholic Archbishop of Antipolo. She graduated with BSBA degree major in accounting from the University of the Philippines in 1970. She took further studies for an MBA at the University of the Philippines and attended an Executive Program on Transnational Business at the Pacific Asian Management Institute at the University of Hawaii. She is a Certified Public Accountant.

Delfin Gonzalez

Mr. Delfin C. Gonzalez, Jr. has been Director at Bank of The Philippine Islands since April 14, 2016. Mr. Gonzalez was the Chief Finance Officer of Ayala Corporation from 2010 to 2015, and previously served in the same capacity at Globe Telecom Inc. from 2000 to 2010, and San Miguel Corporation from 1975 to 1999. Mr. Gonzalez is an independent financial consultant and the Chairman and President of D.C. Gonzalez Inc. He is also a member of the Board of Trustees of De La Salle Santiago Zobel School. He graduated with a Bachelor of Science degree in Chemical Engineering from De La Salle College in 1971, and obtained his Master’s degree in Business Administration from the Harvard Business School in 1975.

Aurelio Montinola

Mr. Aurelio R. Montinola, III, has been redesignated Director of Bank of the Philippine Islands effective April 18, 2013. He has been a member of the Board of Directors of BPI since 2004. Mr. Montinola also served as President and Chief Executive Officer of BPI for eight years from 2005 to 2013, and BPI Family Savings Bank, Inc. for twelve years from 1992 to 2004. He is a member of the Bank’s Executive, Audit, Risk Management and Personnel & Compensation Committees. Among the several BPI subsidiaries and affiliates, Mr. Montinola serves as member of the Board of Directors of the following: BPI Capital Corporation, BPI Family Savings Bank, Inc., BPI/MS Insurance Corporation, and BPI-Philam Life Assurance Corporation. He is also the Chairman of Far Eastern University and an Independent Director of Roxas and Company, both listed companies. Among others, he is the Chairman of East Asia Educational Foundation, the Nicanor Reyes Memorial Foundation Inc., Roosevelt Colleges, Inc., East Asia Computer Center Inc., Amon Trading Corporation, and the Kabang Kalikasan ng Pilipinas Foundation, Inc. He is also a member of the Board of Trustees of BPI Foundation Inc. and Philippine Business for Education Inc. where he sits as Vice-Chairman. Significant awards received by Mr. Montinola include Management Man of the Year 2012 (Management Association of the Philippines), Asian Banker Leadership Award (twice), and Legion d’Honneur (Chevalier) from the French Government. He obtained his Bachelor of Science in Management Engineering degree at the Ateneo de Manila University in 1973 and his MBA from the Harvard Business School in 1977.

Mercedita Nolledo

Atty. Mercedita S. Nolledo has been Director of Bank of the Philippine Islands since 1991. She is the Chairman of the Bank’s Retirement & Pension and Trust Committees and a member of the Bank’s Executive and Corporate Governance Committees. Ms. Nolledo is also a Director in the following BPI subsidiaries and affiliates: BPI Investment Management, Inc., where she sits as Chairman; BPI Family Savings Bank, Inc. and BPI Capital Corporation. Ms. Nolledo serves as Director of the following companies: Ayala Land Commercial REIT, Inc., Michigan Holdings, Inc., Anvaya Cove Beach and Nature Club, Inc., Ayala Automotive Holdings Corporation, Honda Cars Cebu, Inc., Honda Cars Makati, Inc., Isuzu Automotive Dealership, Inc., Isuzu Cebu, Inc., Prime Initiatives, Inc., and Xurpas, Inc. She is also a member of the Board of Trustees of Ayala Foundation, Inc. and BPI Foundation, Inc. as well as Vice-President of Sonoma Properties, Inc. She used to be a member of the Board of Directors of Ayala Corporation from 2004 until September 2010. She became a Director of D&L Industries, Inc. starting in 2016. Ms. Nolledo graduated with the degree of Bachelor of Science in Business Administration major in Accounting from the University of the Philippines in 1960 and placed second at the Certified Public Accountant Licensure Board Examination administered in the same year. In 1965, she obtained her Bachelor of Laws degree also from the University of the Philippines where she also placed second at the Bar Examination held in the same year.

Romeo Bernardo

Mr. Romeo L. Bernardo has been Independent Director of Bank of the Philippine Islands since August 2002. He was also an Independent Director from February 1998 until April 2001. He is the Chairman of the Bank’s Nomination Committee and a member of the Corporate Governance, Personnel & Compensation, Related Party Transaction, Risk Management, and Trust Committees. He also serves as Independent Director of BPI Capital Corporation, BPI/MS Insurance Corporation, and BPI-Philam Life Assurance Corporation Mr. Bernardo is a former undersecretary of the Department of Finance and founded his consultancy practice, Lazaro Bernardo Tiu & Associates in 1997. He has been advisor to various multilateral institutions such as the World Bank, International Finance Corporation, Asian Development Bank, and Japan International Cooperation Agency. He has also worked with government institutions and the National Economic Development Authority (NEDA) in policy matters involving pension reform, capital markets reform, and fiscal and debt management. Mr. Bernardo also serves as an Independent Director of the following listed companies: Aboitiz Power Corporation; Globe Telecom, Inc.; National Reinsurance Corporation of the Philippines; and RFM Corporation. He is also Chairman of the Board of Directors (Independent) of Ayala Life FixedIncome Fund; the Peso, Dollar, Euro, Growth, Money Market Bond Funds. He also serves as Vice-Chairman of The Foundation for Economic Freedom and is a Board Director of Management Association of the Philippines and Finex Foundation. Mr. Bernardo graduated with a B.S. Business Economics degree, magna cum laude, from the University of the Philippines in 1974. He obtained his M.A. in Development Economics at Williams College, Williamstown, Massachusetts, graduating as valedictorian in 1977.

Ignacio Bunye

Mr. Ignacio R. Bunye has been Independent Director at Bank of The Philippine Islands since April 14, 2016. Mr. Bunye was a member of the Monetary Board of the Bangko Sentral ng Pilipinas from 2008 to 2014. He previously held the positions of Presidential Political Adviser in 2008, Presidential Spokesperson in 2003, and Press Secretary in 2002. He also worked for the Bank’s Treasury and Corporate Finance departments from 1983 before he began his government service in the City of Muntinlupa (then a municipality) as officer-in-charge and mayor between 1986 and 1998. During his twelve-year stewardship in Muntinlupa, Mr. Bunye founded the Muntinlupa Polytechnic College (now Pamantasan ng Lungsod ng Muntinlupa) and laid the foundation for the establishment of the Ospital ng Muntinlupa. He also served as Chairman of the Metropolitan Manila Authority (now Metropolitan Manila Development Authority) between 1991 and 1992, and was a member of the House of Representatives representing Muntinlupa between 1998 and 2001. A former print and broadcast journalist, he now writes a regular weekly column for Manila Bulletin, Tempo, People’s Tonight and Sun Star. Mr. Bunye is a member of the Philippine Integrated Bar. He obtained his Bachelor of Arts degree and Bachelor of Laws degree from the Ateneo de Manila University in 1964 and 1969 respectively. He passed the Philippine Bar Examination in 1969. Significant awards and recognition received by Mr. Bunye include the Asian Institute of Management Honor and Prestige Award, the Bangko Sentral Service Excellence Medal, the Gran Oden de Isabela Catolica, and the Order of Lakandula.

Octavio Espiritu

Mr. Octavio V. Espiritu has been Independent Director of Bank of the Philippine Islands since April 2002. He served as a Director from April 2000 until April 2002. Mr. Espiritu was the former President and Chief Executive Officer of Far East Bank & Trust Company, and also the President of the Bankers Association of the Philippines for three consecutive terms. He was the Chairman of the Board of Trustees of Ateneo de Manila University for 14 years. He is currently the Chairman of the Bank’s Risk Management and Related Party Transaction Committees as well as a member of the Audit Committee. Mr. Espiritu is a Chairman of GANESP Ventures, Inc. and MAROV Holding Co., Inc. as well as a member of the Board of Directors of International Container Terminal Services, Inc., Philippine Dealing System Holdings Corporation and Subsidiaries; Philippine Stratbase Consultancy, Inc., Pueblo de Oro Golf & Country Club, and The Country Club, Inc. Mr. Espiritu graduated with an A.B. Economics degree from the Ateneo de Manila University in 1963 and obtained his M.A. Economics degree from Georgetown University, U.S.A in 1966.

Xavier Loinaz

Mr. Xavier P. Loinaz has been Independent Director of Bank of the Philippine Islands since March 2009. Mr. Loinaz has been a member of the Board of Directors of the Bank since 1982. He previously held the position of President and Chief Executive Officer of the Bank for 22 years from 1982 to 2004. He was also President of the Bankers Association of the Philippines for two terms from 1989 to 1991. Mr. Loinaz is the Chairman of the Bank’s Audit Committee and a member of the Nomination Committee. He is also an Independent Director of BPI Family Savings Bank, Inc., BPI/MS Insurance Corporation, and Ayala Corporation. Mr. Loinaz is a member of the Board of Directors/Trustees of DAOI Condominium Corporation and E. Zobel Foundation; Chairman of the Board of Alay Kapwa Kilusan Pangkalusugan; Chairman and President of XPL Manitou Properties, Inc.; and Vice-Chairman of XPL MTJL Properties Inc. Mr. Loinaz graduated with an A.B. Economics degree from the Ateneo de Manila University in 1963, and obtained his MBA Finance at the Wharton School of Pennsylvania in 1965.

Antonio Jose Periquet

Mr. Antonio Jose U. Periquet has been Independent Director of Bank of the Philippine Islands since April 19, 2012. He is a member of the Executive Committee and the Vice-Chairman of the Trust Committee. He also serves as an Independent Director of BPI Capital Corporation and BPI Family Savings Bank, Inc. Mr. Periquet has recently been elected as an Independent Director and Chairman of the newly formed BPI Asset Management & Trust Corporation. Mr. Periquet is the Chairman of the Campden Hill Group, Inc. and Pacific Main Holdings. He is also an Independent Director of ABS-CBN Corporation, Ayala Corporation, DMCI Holdings, Inc., Max’s Group of Companies, Philippine Seven Corporation, and Albizia ASEAN Tenggara Fund. He is member of the Board of Trustees of Lyceum University of the Philippines and sits on the Global Advisory Council of the University of Virginia’s Darden School of Business. Mr. Periquet graduated with an A.B. Economics degree at the Ateneo de Manila University in 1982. He then earned a Master of Science degree in Economics at Oxford University in 1988 and an MBA from the University of Virginia in 1990.

Astrid Tuminez

Dr. Astrid S. Tuminez, Ph.D., has been Independent Director of Bank of the Philippine Islands since December 18, 2013. She is a member of BPI’s Risk Management, Corporate Governance, and IT Steering Committees. Dr. Tuminez joined Microsoft in 2012 as the Regional Director for Corporate, External and Legal Affairs (Southeast Asia). Her team supports 15 markets and drives government affairs, policy and regulatory engagements, academic and non-profit relations, and other activities to enhance understanding and use of technology for the public good. She is also the former ViceDean (Research) and Assistant Dean (Executive Education) of the Lee Kuan Yew School of Public Policy, National University of Singapore. Previous positions include the following: Senior Consultant to the US Institute of Peace, Director of Research at AIG Global Investment, and Program Officer at Carnegie Corporation of New York. She sits on the Board of Singapore American School, ASKI Global, an NGO that promotes financial literacy and entrepreneurship among migrant workers in Singapore, and is an international advisor to the Global Economic Symposium. Ms. Tuminez has been a US Institute of Peace Scholar, a Freeman Fellow of the Salzburg Global Seminar, a fellow at the Harvard Kennedy School, a Distinguished Alumna of Brigham Young University, a fellowship recipient of the Social Science Research Council and the MacArthur Foundation. She has authored several books and numerous articles, essays, opinion editorials on a wide range of subjects. Her educational background includes a BA with a double major in Russian Literature and International Relations from Brigham Young University (1986), a Masters in Soviet Studies from Harvard University (1988), and a Ph.D. in Political Science from the Massachusetts Institute of Technology (1996). She received the Filipina Women Network’s “100 Most Influential” Filipinas recognition in 2013.

Dolores Yuvienco

Ms. Dolores B. Yuvienco, CPA, has been Director of Bank of the Philippine Islands since April 10, 2014, and has been its Independent Director since April 2016. She is a member of the Audit Committee and Chair of the Corporate Governance Committee of BPI. Ms. Yuvienco worked for 41 years with Bangko Sentral ng Pilipinas (formerly known as Central Bank of the Philippines) under various capacities until her compulsory retirement in March 2013. She held the post of Assistant Governor in the Supervision and Examination Sector when she retired. Her exposure at the BSP was largely in bank supervision where her responsibilities ranged from the crafting of policies/regulations on banking supervision to on-site examination and off-site monitoring of BSP-supervised entities. As a ranking official in the BSP, she had opportunities to meet and share ideas with her counterparts in other central banks in the region. Owing to her experience, she was tapped as a resource speaker in various training programs of the Southeast Asian Center for Banking in Kuala Lumpur. Ms. Yuvienco graduated from St. Theresa’s College, Quezon City in 1967, with a degree of Bachelor of Science in Commerce, major in Accounting. She took up post graduate studies at the University of the Philippines Diliman. She is a Certified Public Accountant and a Career Executive Service Professional.