Edition:
United States

Bank of the Philippine Islands (BPI.PS)

BPI.PS on Philippine Stock Exchange

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1 Dec 2016
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Summary

Name Age Since Current Position

Jaime Augusto Zobel de Ayala

56 2004 Chairman of the Board

Cezar Consing

57 2013 President, Chief Executive Officer, Director

Fernando Zobel de Ayala

55 2013 Vice Chairman of the Board

Joseph Albert Gotuaco

50 2015 Chief Financial Officer, Executive Vice President, Head of Strategy and Development

Antonio Paner

57 2011 Executive Vice President, Treasurer, Head - Global Markets Group

Ramon Jocson

56 2015 Executive Vice President, Head of Enterprise Services

Dennis Gabriel Montecillo

59 Executive Vice President, Head of Corporate Client Segment

Simon Paterno

57 Executive Vice President, Head - Financial Products & Services

Joaquin Ma. Abola

50 Senior Vice President - Retail Clients

Joseph Anthony Alonso

50 2015 Senior Vice President - Corporate Clients

Olga Ang

54 2015 Senior Vice President - Retail Clients

Estelito Biacora

45 2015 Senior Vice President - Global Markets

Michael Calleja

55 2015 Senior Vice President - Global Markets

Smith Chua

52 Senior Vice President - Financial Products & Services

Fidelina Corcuera

58 2015 Senior Vice President - Strategy and Development

Rosemarie Cruz

53 2015 Senior Vice President - Strategy and Development

Aniceta Del Mundo

60 2015 Senior Vice President - Financial Products & Services

Paul Joseph Garcia

46 2015 Senior Vice President - Financial Products & Services

Dino Gasmen

49 2015 Senior Vice President - Global Markets

Maria Theresa Javier

45 2015 Senior Vice President - Corporate Clients

Angelie King

54 2015 Senior Vice President - Retail Clients

Edgardo Madrilejo

59 2015 Senior Vice President - Enterprise Services

Florendo Maranan

56 Senior Vice President - Enterprise Services

Pilar Bernadette Marquez

57 2015 Senior Vice President - Enterprise Services

Eugenio Mercado

52 2015 Senior Vice President - Enterprise Services

Mario Miranda

57 2015 Senior Vice President - Financial Products & Services

Marie Josephine Ocampo

53 2015 Senior Vice President - Financial Products & Services

Ramon Opulencia

59 2015 Senior Vice President - Global Markets

Joseph Philip Anthony Parungao

51 Senior Vice President - Financial Products & Services

Maria Corazon Remo

57 2015 Senior Vice President - Strategy & Development Segment

Angela Santiano

59 2015 Senior Vice President, Chief Credit

Manuel Tagaza

53 2015 Senior Vice President - Financial Products & Services

Judy Tecson

63 2015 Senior Vice President - Corporate Clients

Roland Gerard Veloso

52 2015 Senior Vice President - Financial Products & Services

Heidi Ver

60 2015 Senior Vice President - Retail Clients

Roy Emil Yu

59 2015 Senior Vice President - Financial Products & Services

Angela Pilar Maramag

2015 Corporate Secretary

Vivian Azcona

60 2014 Director

Ignacio Bunye

2016 Director

Rebecca Fernando

67 2009 Director

Delfin Gonzalez

66 2016 Director

Aurelio Montinola

64 2013 Director

Mercedita Nolledo

75 1991 Director

Dolores Yuvienco

68 2014 Director

Romeo Bernardo

62 2002 Independent Director

Octavio Espiritu

72 2002 Independent Director

Xavier Loinaz

72 2004 Independent Director

Antonio Jose Periquet

55 2012 Independent Director

Astrid Tuminez

51 2013 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 1990 and as Vice-Chairman from 1995 to March 25, 2004. He is currently Chairman of BPI’s Executive Committee and member of the Nomination Committee. He is also the Chairman of the Board of Directors of BPI Family Savings Bank and BPI Capital Corp. Mr. Zobel de Ayala has been a member of the Board of Directors of Ayala Corporation since 1987, and its Chairman and CEO since 2006. 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 the Co-Chairman of Ayala Foundation Inc.; Vice Chairman of AC Energy Holdings, Inc.; Chairman of Harvard Business School’s Asia-Pacific Advisory Board; Vice Chairman of the Makati Business Club; member of the Global Advisory Council of Harvard University, International Advisory Committee of Mitsubishi Corp., International Council of J.P. Morgan Chase and Endeavor Philippines; and a Philippine Representative to the APEC Business Advisory Council. He graduated with B.A. in Economics (Cum Laude) 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. Between 1995 and 2000, Mr. Consing represented J.P. Morgan & Co., then the second largest shareholder of BPI, on the Bank’s Board. Currently, Mr. Consing serves as Chairman of the Bank’s Credit Committee and is a member of the Bank's Executive, Retirement & Pension, Risk Management and Trust Committees. Mr. Consing also serves as Chairman of BPI M/S Insurance Corporation, BPI Direct Savings Bank, Inc., BPI Europe PLC, BPI Globe BanKO, Inc., A Savings Bank, 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 director of other BPI subsidiaries and affiliates, namely: 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.

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. He has been a Director of Ayala Corp. since May 1994, as well as its President and Chief Operating Officer since April 2006. He is also 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. He is also a member of INSEAD’s East Asia Council and the World Presidents’ Organization. He also serves as Chairman of Habitat for Humanity’s Asia-Pacific Capital Campaign Steering Committee; and Member of the Board of Trustees of Pilipinas Shell Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board, the National Museum of the Philippines and Caritas Manila, the foundation of the Roman Catholic Church. Mr. Zóbel de Ayala graduated with B.A. degree in Liberal Arts from Harvard College in 1982.

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, Asset & Liability, and Operating & IT Risk Management Committees. He also serves on the Board of BPI International Finance Ltd., a Hong Kong-based banking subsidiary. Mr. Gotuaco 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 was based in Singapore, working in an investment vehicle of the Brunei government, where he helped manage an aircraft manufacturer, 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 aviation finance company.

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, and also serves on the boards of BPI Europe Plc, BPI International Finance Ltd. and BPI Direct Savings Bank, Inc. 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. He 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 based in Singapore, as IBM Asia Pacific VP & GM for Strategic Outsourcing which counts major regional banks, telcos and airlines as amongst its major clients. Mr. Jocson obtained his B.S. Industrial Engineering degree from the University of the Philippines in 1982. He also has an MBA from th

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. During that time, 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. While at Credit Suisse and Morgan Stanley, he 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 and built up the Financial Sponsors Group at Morgan Stanley to cover the Asian offices 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. He also worked for ten years at Bankers Trust Company (now owned by Deutsche Bank) in New York 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. 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, BPI Capital 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

Aniceta Del Mundo

Paul Joseph Garcia

Dino Gasmen

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.

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 - Strategy & Development Segment 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.

Angela Santiano

Manuel Tagaza

Judy Tecson

Roland Gerard Veloso

Heidi Ver

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.

Ignacio Bunye

Rebecca Fernando

Ms. Rebecca G. Fernando 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 currently the Chairman of LAIKA Intertrade Corporation. She 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. Ms. Fernando 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

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 2014. He is a member of the Bank’s Executive, Audit Committee, 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 Globe BanKO Inc. A Savings Bank, BPI/MS Insurance Corporation, BPI-Philam Life Assurance Corporation, and BPI Europe PLC. Mr. Montinola is presently the Chairman of Far Eastern University, FEU East Asia Educational Foundation, FEU High School Inc., Nicanor Reyes Education Foundation Inc., East Asia Computer Center Inc., Amon Trading Corporation, Armon Realty, Monti-Rey Inc, and WWF Philippines. 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 M.B.A. in 1977 from the Harvard Business School and Bachelor of Science in Management Engineering degree at the Ateneo de Manila University in 1973.

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.; BPI Capital Corporation. Ms. Nolledo serves as Director of the following companies: Ayala DBS Holdings, Inc., 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. 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.

Dolores Yuvienco

Ms. Dolores B. Yuvienco has been Director of Bank of the Philippine Islands since April 10, 2014. She is a member of the Audit Committee and Corporate Governance Committee of BPI. Ms. Yuvienco joined Bangko Sentral ng Pilipinas (formerly known as Central Bank of the Philippines) in April 1972 as Senior Executive Assistant – Office of the Governor. She transferred to the Supervision and Examination Sector in 1975 and moved up the organization until she retired as Assistant Governor at the Bangko Sentral in March 2013. While working at the Supervision and Examination Sector, she participated in the crafting of major policies on banking supervision, as well as in the on-site and off-site supervision activities over BSP supervised entities. She represented the BSP in international fora like the EMEAP (Executives Meeting for East Asia and the Pacific Central Banks) Working Group on Banking Supervision and the Southeast Asian Center for Central Banking (SEACEN) Group on Banking Supervision. She served as a member of the Technical Working Group of the Financial Sector Forum, a voluntary intersectoral body formed by the Bangko Sentral ng Pilipinas, the Securities and Exchange Commission, the Insurance Commission, and the Philippine Deposit Insurance Corporation. She is part of the speakers’ pool of the Rural Bankers Association of the Philippines (RBAP) Foundation that delivers the basic governance course for bank directors. A former president of the BAIPhil, a training provider for bankers, she continues to be an adviser to the BAIPhil Training Institute. Ms. Yuvienco graduated in 1967 from St. Theresa’s College, Quezon City with the 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.

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. He was a member of the Board of Governors of the Management Association of the Philippines up to 2014. 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 Fixed-Income Fund; the Peso, Dollar, Euro, Growth, Money Market Bond Funds. He also serves as Vice Chairman and Founding Fellow of Foundation for Economic Freedom. 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.

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., and Pueblo de Oro Golf & Country Club. 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 December 2004. 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 M.B.A. 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 the Vice-Chairman of the Bank’s Trust Committee and a member of the Executive Committee. Mr. Periquet is also an Independent Director of BPI Capital Corporation and BPI Family Savings Bank, Inc. He is also the Chairman of the Board of Directors of Pacific Main Holdings Inc., and Campden Hill Advisors Inc. Mr. Periquet also sits as an Independent Director of ABS-CBN Holdings Corporation, ABSCBN Corporation, Ayala Corporation, DMCI Holdings, Inc., Max’s Group of Companies, Philippine Seven Corporation, and Albizia ASEAN Tenggara Fund, and a member of the Board of Trustees of Lyceum University of the Philippines. 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 M.B.A. 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 October 2012 as the Regional Director of Legal and Corporate Affairs in Southeast Asia (SEA). Dr. Tuminez is also an Adjunct Professor, the former ViceDean (Research) and Assistant Dean (Executive Education) of the Lee Kuan Yew School of Public Policy (National University of Singapore) since 2008. She is a member and former Adjunct Fellow of the Council on Foreign Relations in New York City, and is the author of the book, Russian Nationalism Since 1856. Ideology and the Making of Foreign Policy (2000) and other scholarly publications, reports and opinion pieces. She also serves on the board of Singapore American School and ASKI Global. In 2003-2007, at the U.S. Institute of Peace, she assisted in advancing peace negotiations between the Philippine government and the Moro Islamic Liberation Front. She was also a Senior Advisor to the Salzburg Global Seminar (2004-2005), Executive Associate and then Director of Research for alternative investments at AIG Global Investment (2000-2003), a consultant to The World Bank and an institutional sales/research professional at Brunswick Warburg (1998). In 1990-1992, she worked with the Harvard Project on Strengthening Democratic Institutions, eventually running operations in Moscow, Russia. In 1992-1998, she was a Research Associate and, later, program officer at the Carnegie Corporation of New York. Her educational background includes a B.A. with a double major in Russian Literature and International Relations from Brigham Young University (1986); a Master’s in Soviet Studies from Harvard University (1988); and a Ph.D. in Political Science from the Massachusetts Institute of Technology (1996). In 2013, the Filipina Women’s Network of the U.S. selected Dr. Tuminez as a recipient of their “Global Influencer Award.