During a board meeting on Oct. 8, 2024, the Tan family conglomerate, LT Group, appointed Tacandong as an advisor to its board.
Tacandong, a co-founder of the highly regarded Reyes Tacandong & Co. (RT&Co.), brings over 40 years of experience in financial audits, tax services, and advisory roles. Under his leadership, RT&Co. ranked among the top auditing firms in BusinessWorld’s 2023 list.
This appointment comes after his notable exit from the board of Philippine National Bank (PNB) last August—just four months after becoming a director.
According to an INSIDER INFO report, Tacandong resigned due to potential conflicts of interest, as many PNB borrowers were also clients of RT&Co., forcing him to frequently recuse himself from key discussions, limiting his input.
In response, Tacandong stepped down, and LT Group president and chief operating officer Lucio Tan III offered him a role on the family holding company, which he eventually accepted.
