William Thomas F. Mirasol, currently president of Federal Land and FNG, has been promoted to vice-chair of Federal Land while retaining his role as president of FNG.
Jose Mari H. Banzon, currently finance director of Federal Land, will assume the role of president of the property firm.
Mirasol’s rising star
Mirasol, with over 31 years of real estate experience, joined Federal Land in 2019 and led it to award-winning success while forging global partnerships.
He previously served as chief operating officer and senior vice president of Ortigas & Co. from 2016 to 2018 under Ayala Land.
“Mr. Mirasol will continue to oversee Federal Land’s strategic international partnerships and joint ventures with leading global brands and corporations,” GT Capital said.
Banzon is former president of SMDC
Banzon served as an executive with Federal Land from 2006 to 2013. He later became president of SM Development Corp., where he expanded its portfolio. He rejoined Federal Land in 2024, bringing extensive experience to his new role.
Management’s view
“GT Capital is looking forward to working closely with both Mr. Mirasol and Mr. Banzon,” the company said.
“In their new leadership roles, they will define the next stage of growth for both Federal Land and FNG, and usher in a new generation of property development products and services that align with GT Capital’s mission of value creation to meet the evolving needs of its stakeholders,” it added.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
