It is not every day that conglomerate head Jaime Augusto Zobel de Ayala addresses the employees of an Ayala company directly. But the impending leadership change at Bank of the Philippine Islands prompted just such a message. The unusual communication underscored the importance Ayala places on succession at one of the country's biggest commercial banks.
JTI Philippines has named Alan Jackson as its new general manager, pulling from its global leadership bench to steer the company through a fiercely competitive and regulated market.
Property giant Megaworld Corp. has appointed Javier Hernandez as the new head of Megaworld Lifestyle Malls, tasking the seasoned property executive with steering an ambitious expansion that will bring its retail portfolio to one million square meters of gross leasable area by 2030.
The SM Group’s China Banking Corp. (Chinabank) has recruited HSBC private banking chief Jonathan T. Cua to lead its wealth management group, adding outside firepower as the lender chases a bigger share of the country’s affluent market.
Industry giant China Banking Corp. is closing one of the longest boardroom tenures in Philippine banking as Gilbert U. Dee steps back after nearly six decades.
Anton Reynaldo Bonifacio, the executive who helped build Globe Telecom Inc.’s cybersecurity operation before becoming its first artificial intelligence chief, is leaving after 12 years with the company.
Filinvest REIT Corp. (FILRT) president and CEO Maricel Brion Lirio is retiring after five years, clearing the way for former Filinvest Land Inc. chief Joseph M. Yap to return to an executive role in the Gotianun family’s property group.
Marcventures Holdings Inc. has elevated banking veteran Rolando S. Santos to president, putting a longtime executive across the family’s businesses at the helm of the listed mining company backed by former House Speaker Martin Romualdez.
A telecom builder with a scandal-shadowed past is resurfacing at DITO, bringing decades of global industry experience and the baggage of a dramatic 2017 downfall at Telit.