Mr. Recto, Filipino, 60 years old, was elected Director and Vice Chairman of the Board on July 26, 2011, appointed Co-Chairman of the Board on January 18, 2012, and Chairman of the Board on May 23, 2012. He is presently Chairman and President of Bedfordbury Development Corporation; Chairman of the Board and Chief Executive Officer of Alphaland Corporation; Chairman of the Board and Chief Executive Officer of Atok-Big Wedge Co., Inc.; He is Lead Independent Director of Aboitiz Power Corporation; Independent Director of Manila Water Company, Inc.; and holds board positions in a few other publicly listed companies.  He was recently appointed Senior Advisor of Stonepeak Infrastructure Partners in the US and Director of Miescor Infrastracture Development Corporation.

Prior to his current roles, he was President of Petron Corporation, the largest oil refining and marketing company in the Philippines. He also previously served as Undersecretary of Finance of the Republic of the Philippines from 2002 to 2005.

Eric has an undergraduate degree in Industrial Engineering from the University of the Philippines and has an MBA from Cornell University’s Johnson Graduate School of Management

Leonardo B. Dayao

VICE Chairman and Director

Mr. Dayao, Filipino, 79 years old, was elected Director on September 29, 2014 and Co-Vice Chairman on October 24, 2014. Mr. Dayao currently holds the following positions in publicly listed companies: President of Cosco Capital, Inc. and Director of Puregold Price Club, Inc.

He also holds various positions in the following privately-owned companies: Chairman and President of Fertuna Holdings Corp., Chairman of Catuiran Hydropower Corporation, Grass Gold Renewable Energy (G2REC) Corporation, Karayan Hydropower Corporation, League One Finance and Leasing Corporation, Pamana Water Corporation, PSMT Philippines, Inc., S&R Pizza (Harbor Point), Inc., S&R Pizza, Inc.; Vice-Chairman of Ayagold Retailers, Inc.; President of Alcorn Petroleum Minerals Corporation, K4 Water Resources Corporation, NE Pacific Shopping Centers Corporation, Puregold Duty Free (Subic), Inc., Puregold Finance, Inc., San Jose City I Power Corp., Southern Utility Management Services, Incorporated (SUMSI), Union Energy Corporation; Vice-President of Alerce Holdings Corp., Bellagio Holdings, Inc., KMC Realty Corporation, Puregold Properties, Inc., Union Equities, Inc.; and Director of Canaria Holdings Corporation, Entenso Equities Incorporated, Kareila Management Corporation and Puregold Realty Leasing & Management, Inc.

Mr. Dayao received a Bachelor of Science Degree in Commerce from Far Eastern University. He is a Certified Public Accountant and has completed Basic Management Program at Asian Institute of Management and earned units in MBA from University of the Philippines-Cebu.  

Lucio L. Co

EXECUTIVE COMMITTEE CHAIRMAN and Director

Mr. Co, Filipino, 68 years old was elected Director on September 29, 2014.  Mr. Co currently holds the following positions in other publicly listed companies: Director and Chairman of Puregold Price Club, Inc., Chairman of Cosco Capital, Inc. and Chairman of The Keepers Holdings, Inc. (formally Da Vinci Capital Holdings, Inc.

He is also the Chairman of the following privately-owned companies: Alcorn Petroleum & Minerals Corporation, Bellagio Holdings, Inc., Canaria Holdings Corporation, Ellimac Prime Holdings, Inc., Entenso Equities Incorporated, Invescap Incorporated, Makabayan Holdings Incorporated, NE Pacific Shopping Centers Corporation, P.G. Holdings, Inc., Pajusco Holdings Corporation, Puregold Duty Free (Subic), Inc., Puregold Duty Free, Inc., Puregold Finance, Inc., Puregold Properties, Inc., Puregold Realty Leasing & Management, Inc., San Jose City I Power Corp., Union Energy Corporation, and Union Equities, Inc., Mr. Co  is also a Director of the following privately-owned companies: Catuiran Hydropower Corporation, Cleangreen Energy Corporation, Forbes Corporation, Grass Gold Renewable Energy (G2REC) Corporation, Karayan Hydropower Corporation, Kareila Management Corp., LCCK & Sons Realty Corporation, League One Finance and Leasing Corporation, Meritus Prime Distributions, Inc., Montosco, Inc., Pamana Water Corporation, PPCI Subic Inc., Patagonia Holdings Corp., Premier Wine & Spirits, Inc., S&R Pizza (Harbor Point), Inc., and S&R Pizza, Inc., Tower 6789 Corporation and VS Gripal Power Corporation. He is a member of the Board of Trustees of Adamson University and Luis Co Chi Kiat Foundation, Inc.

Mr. Co has been an entrepreneur for the past 40 years.

Patricia May T. Siy

PRESIDENT & CEO and Director

Ms. Siy, Filipino, 62 years old, was elected Director, President and Chief Executive Officer on June 1, 2015.  She is also a Director of PBCOM Finance Corporation and Chairman of PBCOM Insurance Services Agency, Inc.

Immediately before joining PBCOM, she served as Chief Corporate Planning Officer of Travellers International Hotel Group from 2012 and as Chief Finance Officer of Rustan’s Supercenter Inc. from 2011 to 2012.  Her banking experience spanned 39 years.  She was with Security Bank Corporation where she held various positions from 2000 to 2011 in Middle Market Lending and Corporate Lending leading to the Executive Vice President post for the Commercial and Retail Banking Segment.  She held senior positions in Standard Chartered Bank from 1994 to 2000 in the fields of Regional and Philippine Consumer Credit, Group Special Asset Management, and Corporate Banking in Cebu and Head Office.  Her first Bank was Private Development Corporation of the Philippines where she stayed from 1983 to 1994 as Project Analyst, Cebu Lending Head, Visayas Lending Head, and then Branch Lending Head.

Ms. Siy graduated from De La Salle University with a Bachelor of Science degree in Industrial Management Engineering minor in Chemical Engineering.

Bunsit Carlos G. Chung

Director

Mr. Chung, Filipino, 72 years old, was elected Director on June 17, 1997. He is Chairman & President of Supima Holdings, Inc., and Director of La Suerte Cigar & Cigarette Factory, Century Container Corporation, Bicutan Container Corporation, Tosen Foods Corporation, PBCom Finance Corporation, State Investment House, Inc. and State Properties, Inc. He is an Advisory member of the Board of Trustees of Xavier School Inc., and a member of the Board of Trustees of Immaculate Conception Academy (Greenhills) Scholarship Foundation, Seng Guan Temple, Angelo King Foundation Inc. and Kim Siu Ching Family Association, Vice-Chairman & President of Tiong Se Academy. 

Mr. Chung has a degree in AB (Economics) & Business Administration from De La Salle University as well as an MBA from the University of Southern California.

Susan P. Co

Director

Mrs. Co, Filipino, 65 years old was elected Director on September 29, 2014.  She currently holds the positions of Vice-Chairman of Puregold Price Club, Inc. and Vice-Chairman and Treasurer of Cosco Capital, Inc., both publicly listed companies.
 
Mrs. Co is the Chairman and President of Cosco Price, Inc., Chairman of Kareila Management Corporation and Tower 6789 Corporation, President of Makabayan Holdings Incorporated and Director of the following privately-owned companies: Bellagio Holdings, Inc., Blue Ocean Holdings, Inc., Canaria Holdings Corporation, Ellimac Prime Holdings, Inc., KMC Realty Corp., Meritus Prime Distributions, Inc., Montosco, Inc., NE Pacific Shopping Center Corporation, P.G. Holdings, Inc., Patagonia Holdings Corp., PPCI Subic Inc., Premier Wines and Spirits, Inc., Puregold Duty Free (Subic), Inc., Puregold Duty Free, Inc., Puregold Finance, Inc., Puregold Properties, Inc., Puregold Realty Leasing & Management, Inc., S&R Pizza (Harbor Point), Inc., S&R Pizza, Inc., San Jose City I Power Corp., Union Energy Corporation and Union Equities, Inc. and Treasurer of Forbes Corporation.

Mrs. Co received a Bachelor of Science Degree in Commerce from the University of Santo Tomas.

Jack Ekian T. Huang

Director

Mr. Huang, Filipino, 68 years old, was elected Director on June 4, 2019.  He currently holds the positions of Director of Puregold Price Club Inc., Vice President of Abacus Securities Corporation and Director and Treasurer of Richmedia Network Inc. Mr. Huang also serves as Member of the Board of Trustees and Member of the Finance Committee of Sacred Heart School (Ateneo de Cebu). 

In the past, he was Assistant Vice President of the Bank of the Philippine Islands, Branch Manager of Ayala Investment & Development Corporation and Director and General Manager of Cebu Business Continuous Forms.  

Mr. Huang obtained his Bachelor of Arts in Economics at the Ateneo de Manila University.  

Levi B. Labra

Director

Mr. Labra, Filipino, 64 years old, served as an Independent Director from October 24, 2014 until his election as a regular member of the Board of Directors on February 22, 2017.   Mr. Labra is also a Director of Cosco Capital, Inc., a publicly listed company.  

He obtained his Bachelor of Science in Business Administration (Cum Laude) at the University of San Carlos, Cebu City. 

Gregorio T. Yu

Director

Mr. Yu, Filipino, 64 years old, was elected Director on July 26, 2011 and is presently the Chairman of Auto Nation Group, Inc., Cats Automobile Corp and Nexus Technologies, Inc.  Mr. Yu also sits as Director in various companies, among which are CATS Asian Cars, Inc.,  American Motorcycles, Inc., Unistar Credit and Finance Corporation, Glyph Studios, Inc., Prople BPO Inc., WSI Corporation, and Jupiter Systems Corporation.
 
He is concurrently an Independent Director of Alphaland Corporation, Glacier Megafridge, EEI Corporation, APO Agua Infrastructura Inc.,  Philequity Management Inc., Vantage Financial Corporation (formerly E-business Services, Inc. and Vantage Equities Inc.. He also serves as Board Member of The Manila Symphony Orchestra since 2009.  
He received his MBA from the Wharton School of the University of Pennsylvania in 1983 and his Bachelor of Arts in Economics (Honors Program) Summa Cum Laude from De La Salle University in 1978.

Stephen Anthony T. CuUnjieng

INDEPENDENT Director

Mr. CuUnjieng, Filipino, 63 years old, was elected Independent Director on July 1, 2022.  He concurrently serves as an Independent Director of First Philippine Holdings Corporation since 2018. He is also an Independent Director at Century Properties Group, Golden Springs (Singapore) and a Ho Director Phoenix Petroleum PH Inc. He is part of the Executive Advisory Board for Asia of the Wharton School of Business and the International Advisory Board of the New York Philharmonic. 

He was a Senior Managing Director at Evercore and Chairman at Evercore Asia Limited from 2009 to 2022.  He was previously an Independent Director of Aboitiz Equity Ventures (2010 to 2018), an Adviser to the Board of SM Investments Corporation (2008-2017) and Director of Manila North Tollways Corporation (2008-2013).  He was Vice Chairman, ASEAN of Macquarie (Hong Kong) Limited from 2007 to 2009. 

Mr. CuUnjieng holds a degree in Bachelor of Arts (1980) and also has a Bachelor’s Degree in Law (with honors) (1984) from the Ateneo de Manila University and the Ateneo Law School. He also has a Master’s Degree in Business Administration (Finance) from Wharton School of Business (1986).

Conrado A. Gloria, Jr.

INDEPENDENT Director

Mr. Gloria, Filipino, 63 years old, was elected Independent Director on June 4, 2019.  He currently holds the positions of President & CEO of GIV Capital Holdings Corporation and Corporate Secretary of Miguel and Maria Group of Restaurants, Inc.  Mr. Gloria is an Independent Director of PBCOM Insurance Services Agency, Inc. and Scheirman Construction Consolidated Inc.  

In the past, he served as President & COO of Investment & Capital Corporation of the Philippines, Executive Vice President and Managing Director of SB Capital Investment Corporation, President of SB Equities, Inc., Senior Vice President of Southeast Asia Cement Holdings Inc. and Senior Finance Officer of International Finance Corporation.  

Mr. Gloria obtained his Bachelor of Arts in Economics at the University of the Philippines and his Master’s in Business Administration at the Asian Institute of Management.

Teresita J. Herbosa

INDEPENDENT Director

Ms. Herbosa, Filipino, 71 years old, was elected as Independent Director on November 2, 2022. She currently serves as a Director of the Board of Telecommunications Connectivity, Inc., and also sits as an Independent Director of mutual fund companies under the Sunlife Group: Sunlife of Canada Prosperity Bond Fund, Inc., Sunlife Prosperity Peso Starter Fund, Inc., Sunlife Prosperity Dollar Starter Fund, Inc., Sunlife Prosperity Peso Voyager Feeder Fund Inc., Sunlife Prosperity World Income Fund, Inc., Sunlife Prosperity Achiever Fund 2028, Inc., and Sunlife Prosperity Achiever Fund 2038, Inc.  

Ms. Herbosa is likewise a trustee of the CHS Alumnae Foundation Inc. and a law professor at the DLSU College of Law (Rufino Campus) and Lyceum Makati.  She is the former Chairperson of the Philippine Securities and Exchange Commission or SEC from April 2011 up to June 2018.  

Prior to government service, Ms. Herbosa was with Angara Abello Concepcion Regala & Cruz Law Offices (“ACCRALAW”) where she headed its prestigious Litigation and Dispute Resolution Department for more than 10 years during which it was consistently recognized as the best in that area of practice. She retired from ACCRALAW in 2011 as a Senior Partner/Co-Managing Partner. 

Ms. Herbosa finished AB Political Science cum laude at the University of the Philippines (UP) Diliman, and Bachelor of Laws cum laude and class salutatorian from the UP College of Law. She has a master’s degree from the University of Michigan.

Emmanuel Y. Mendoza

INDEPENDENT Director

Mr. Mendoza, Filipino, 58 years old, was elected Independent Director on December 19, 2014. He is currently the Managing Partner of Mendoza Querido & Co., and President of MQ Agri Unlimited Inc. He is also an Independent Director of Medicard Philippines, Inc.  

He obtained his Bachelor in Business Administration in Accountancy at the University of the Philippines and a Master in Management at the Asian Institute of Management. Mr. Mendoza is a Certified Public Accountant.  

Gilda L. Pico

INDEPENDENT Director

Ms. Pico, Filipino, 76 years old, was elected Independent Director on February 22, 2017.  She is currently Chairman of the Board of Producers Savings Bank Corporation.  Ms. Pico is also connected with Marinor Development Corporation as Director/Treasurer, Gilart Holdings Corporation as President and PayMaya Philippines as Independent Director.   

In the past, Ms. Pico was President and CEO of Land Bank of the Philippines from November 2006 to July 2016.  She was Land Bank’s Acting President from July 2005 to November 2006 and Trustee of Land Bank Countryside Development Fund from 2005 to 2015.  She also served as Chairman/Director in various government and private institutions engaged in leasing, realty, insurance, guarantees, microfinancing, rural and development banking from 1985 to 2016 such as LBP Insurance Brokerage, Inc., LBP Leasing and Finance Corporation, Landbank Realty Corp., Masaganang Sakahan, Inc., National Livelihood Development Corporation, Peoples Credit and Finance Corporation, Philippine Crop Insurance Corporation, among others.  

Ms. Pico obtained her Bachelor of Science Degree in Commerce in 1966 from the College of the Holy Spirit where she graduated Magna Cum Laude and earned units in Masters in Business Administration from the University of the East.  Ms. Pico is a Certified Public Accountant.  

Paolo Benigno A. Aquino IV

INDEPENDENT Director

Mr. Paolo Benigno “Bam” A. Aquino IV, Filipino, 46 years old, was elected Independent Director of the Bank on January 31, 2024. Currently, he holds core positions in various private institutions like Kaya Natin! Movement for Good Governance and Ethical Leadership, Inc. as Chairperson, Pasajob Inc. as Director, At1ndahan Inc. as Director, Mee Games Inc. as Director, and Ryt Brain Tech Solutions Inc. as Director.

Prior to his current roles, Bam served as Senator of the Republic of the Philippines from 2013 to 2019. He also served as Chairperson and Commissioner-at-Large of the National Youth Commission from 2003 to 2006 and 2001 to 2003, respectively. He was also President of other private institutions like Microventures Inc. and Megamobile Inc., and was a Special Project Member of ABS-CBN Foundation.

Bam earned his Bachelor of Science in Management Engineering degree from the Ateneo de Manila University in 1999 and attended Executive Education Program on Public Policy and Leadership at the Kennedy School of Government, Harvard University.