Board of Directors
Dr. Lucio C. Tan
Chairman
Chairman and CEO of LT Group, Inc.
Chairman of Philippine Airlines, Inc., Asia Brewery Inc., LT Group, Inc., MacroAsia Corp., Fortune Tobacco Corp., PMFTC, Inc., Grandspan Development Corp., Himmel Industries Inc., Lucky Travel., PAL Holdings, Inc., Air Philippines Corporation, Tanduay Distillers, Inc., The Charter House, Inc., Allied Bankers Insurance Corp., Absolut Distillers, Inc., Progressive Farms, Inc., Foremost Farms, Inc., Maranaw Hotels & Resort Corporation, Eton City, Inc., Belton Communities, Inc. Eton Hotels & Leisure, Inc. (formerly, FirstHomes, Inc.), Allianz PNB Life Insurance, Inc., PNB Holdings Corporation and Basic Holdings Corp.
Chairman Emeritus of Philippine National Bank.
Education: Bachelor of Science in Chemical Engineering degree from Far Eastern University; Doctor of Philosophy, Major in Commerce, from University of Santo Tomas
Karlu Tan – Say
President
Director of LT Group, Inc., Eton Properties Management Corp., Eton Properties Philippines, Inc., and Alliedbankers Insurance Corporation, among others.
Director of Dong-A Pharma Phils., Inc.
Education: Bachelor of Science in Management from the Ateneo de Manila University; Associate of Arts degree in Interior Design from the Fashion Institute of Design & Merchandising in San Francisco, California, USA.
Lucio C. Tan III
Director
Vice Chairman and Chief Operating Officer of LT Group, Inc.; Director and Vice President of PAL Holdings, Inc.; Director of MacroAsia Corporation
President and Chief Operating Officer at Tanduay Distillers, Inc.
President of PAL Holdings, Inc.
Director of Philippine Airlines, Philippine National Bank, Lufthansa Technik Philippines, Inc., MacroAsia Catering Services, Inc., MacroAsia SATS Inflight Services Corp., MacroAsia Airport Services Corp., MacroAsia Properties Development Corp., Belton Communities, Inc., Eton City, Inc., First Homes, Inc., Fortune Landequities and Resources Inc., Ayala-Eton Property Development Corp., and Philip Morris-Fortune Tobacco Corporation
Vice Chairman and President of Sabre Travel Network Phils. Inc.
Worked as a software engineer at Lyft (California, USA) before returning to the Philippines to head Tanduay Distillers, Inc.
Education: Bachelor of Science in Electrical Engineering and Master of Science, Major in Computer Science, Stanford University
William T. Lim
Director
Advisor to the Chairman of the Board of Directors of Allianz PNB Life Insurance, Inc.
Board Advisor of PNB, Director of PNB Securities, Inc., PNB Holdings Corporation, Allied Integrated Holdings, Inc. (formerly PNB Savings Bank), Allied Commercial Bank – Xiamen, BH Fashion Retailers, Inc., Concept Clothing, Co., Inc., and Genbancor Condominium Corporation
President of Jas Lordan, Inc.
Worked with Equitable Banking Corporation for 30 years, occupying various positions, including as VP & Head of the Foreign Department
Education: Bachelor of Science in Chemistry from Adamson University
Eusebio V. Tan
Director
Specializes in corporate law, banking and finance, investment law, franchising, mergers and acquisitions, government contracts, public-private partnership arrangements, and privatization projects.
In 2020, the Japan government conferred on Mr. Tan “The Order of the Rising Sun, Gold Rays with Neck Ribbon” for his role in promoting the economic partnership of Japan and the Philippines.
Used to co-chair the Philippines-Japan Economic Cooperation Committee.
Obtained his law degree from Ateneo de Manila University and also has a Master of Laws from Columbia University.
Cielo Macapagal-Salgado
Independent Director
Served for more than 30 years in unblemished governmentt service including 8 years as elected vice governor of Pampanga, was awarded Most Outstanding Kapampangan of Pampanga in 2004
Chairperson and/or Director of PNB’s various subsidiaries in California, USA, Canada, and the Philippines from 2000 up to the present
Overall National Coordinator, Flames of Fire for Jesus Catholic Charismatic Community; Co-Chair of the Home of Love Antipolo Chapter of National Sandigan Foundation assisting the projects of St Teresa of Calcutta, Oblate, Third Order of the Benedictines of Mexico, Pampanga since 1988.
Elected Director of National Women’s Association in the Philippines
Education: Ph.D in Economics
Elaine Y. Co
Independent Director
Has over 30 years of alternative assets investment industry experience.
Founder & Managing Partner of BluMandarin Capital Ltd, a family office advisory firm based in HK.
Founding Strategic Advisor for Stillbrook Capital, a Greater China Long-Only fund headquartered in Hong Kong and regulated by the HK Securities Finance Commission.
Previously founding Partner at Janchor Partners Limited, a Long/Short Equity hedge fund based in HK, where she oversaw the firm’s non-investment activities from its inception in 2009 inception until 2018.
Prior to taking her MBA studies, spent a decade in corporate finance advisory roles with Asian regional firms such as Vickers Ballas Phils., Sun Hung Kai Securities Phils. Corporate Finance and SGV & Co, focusing on corporate finance, IPOs, power infrastructure, restructuring and M&A projects
Named one of the 50 Leading Women in Hedge Funds in 2013 by The Hedge Fund Journal and E&Y
Education: AB Management Economics degree from Ateneo De Manila University; MBA in Finance and Organizational Behavior from Northwestern University’s Kellogg School of Management; Advanced Management Program, Harvard Business School
Ma. Cecilia Gonzalez
Independent Director
Executive leader with 30 years of experience developing and launching products, services, and projects mainly in the financial services and telecommunications sectors.
As the founder and managing member of the Manila Consulting Group (MCG), provides consulting services for companies on brand, marketing, and communication strategy in Guam and overseas
Affiliate and Client Director for Acumen Strategy Consultants in the Philippines. Her work includes providing marketing strategy and capability building in business analytics
Faculty member of the Marketing & Law department of the JG School of Management at the Ateneo de Manila University.
Spent 22 years in various marketing roles with Citibank in the Philippines, Indonesia and Guam, including the role of Cards Business and Marketing Head for Citibank Guam.
Education: Bachelor’s degree in Management Engineering from the Ateneo de Manila University.
Rowena Nazareth
Independent Director
Has over 37 years of professional experience in the planning, development, marketing and management of innovative and lifestyle-oriented mixed-use, residential and retail-oriented projects targeting the upper and mid-market consumers.
She has been the Managing Director of WN Retail Development Advisors Ltd. Inc., a company based in Vancouver, Canada, since July 2005. Her list of clients includes Robinsons Land Corporation (Philippines), TransAsia Construction Development Corporation (Philippines), and ARCH Capital Management Ltd. (Hongkong). From May 1987 to June 2005, Ms. Nazareth was a part of Ayala Land Inc. She later joined the Property Development Group, a company based in Vancouver, Canada, as Director for Asia Projects from 2006 to 2008.
Education: Bachelor of Arts in Hotel and Restaurant Management degree from the De La Salle University Manila, and a Master’s degree in Business Management degree from the Asian Institute of Management.
Attended the Executive Development Program of the Wharton Business School in 2004.
Attendance of Directors to Board Meetings
2024 BOD Attendance