||Helen Y. Dee, Chairperson, Filipino.
Director of the Corporation since January 2010. Ms. Helen Y. Dee is the Chairperson of Rizal
Commercial Banking Corporation and House of Investments, Inc. She is the Chairperson and President
of Hydee Management & Resource Corporation, Financial Brokers Insurance Agency, Inc., Mijo Holdings,
Inc. and Tameena Resources, Inc. She also holds Chairmanship positions in various companies,
including Malayan Insurance Company, Inc., Petro Energy Resources Corporation, Seafront Resources
Corporation, La Funeraria Paz Sucat, RCBC Leasing and Finance Corporation, Landev Corporation, HI-
Eisai Pharmaceutical Inc., PetroGreen Energy Corporation, Mapua Information Technology Center, Inc.,
Manila Memorial Park Cemetery, Inc., Pan Malayan Realty Corporation, RCBC Savings Bank, Xamdu
Motors, Inc., Petrowind Energy, Inc., Malayan High School of Science, Inc. and Maibarara Geothermal,
Inc. She is the Vice Chairperson of Pan Malayan Management & Investment Corporation and West
Spring Dev. Corp. She likewise holds directorship positions in Philippine Long Distance Telephone
Company, Sun Life GREPA Financial, Inc., MICO Equities, Inc., Isuzu Philippines, Honda Cars
Philippines, Inc., AY Holdings, Pan Malayan Express, Honda Cars Kalookan, RCBC Realty Corporation,
RCBC Forex Brokers Corporation, Luisita Industrial Park Corporation, IPeople, Inc., Y Realty, Inc., ET
Yuchengco, Inc. Philippine Integrated Advertising Agency, Inc., and Malayan Insurance Co., Inc.; Director
and Vice Chairman of Pan Malayan Management and Investment Corporation and West Spring
Development Corporation. She is the President of the following: YGC Corporate Services, Inc., GPL
Holdings and Moira Management, Inc.; Vice President of A.T. Yuchengco, Inc. and Treasurer of Business
Harmony Realty, Inc. Ms. Dee is a Board of Trustee member of the Philippine Business for Education,
Inc. and Trustee of Malayan Colleges Laguna, Inc. She also serves as Board member of the EEI
Corporation. She graduated from Assumption College with a Bachelor of Science degree in Commerce
and completed her Masters in Business Administration at De La Salle University.
Augusto P. Hidalgo, Director of the Corporation and President and Chief Executive Officer, Filipino.|
Mr. Augusto Hidalgo is the President and Chief Executive Officer of National Reinsurance Corporation of
the Philippines (PhilNaRe), from April 2014. Mr. Augusto Hidalgo is the President and Chief Executive
Officer of National Reinsurance Corporation of the Philippines (PhilNaRe), from April 01, 2014. Mr.
Hidalgo has been a strategy executive for the last 8 years: heading Mergers & Acquisitions (M & A) of
Peak Reinsurance Hong Kong, and before that; Managing Partner of New World Financial Canada.
Before the jump to senior management, Mr. Hidalgo was a Reinsurance Underwriter for Swiss Re in
Canada, Australia, Switzerland and South Africa from 1996 to 2005. He started his career in management
consulting with IBM in Tokyo, Arthur Andersen (SGV and Co) and EasyCall from 1989-1996. Mr. Hidalgo
obtained his Bachelor of Science degree in Business Administration from the University of the Philippines.
He received his Master's degrees in Business Administration from the Kellogg School of Management at
Northwestern University and the Schulich School of Business at York University.
Rafael G. Ayuste, Jr., Director, Filipino.
Director of the Corporation since June 2012. Mr. Rafael G. Ayuste, Jr. is a Senior Vice President (Wealth
Advisory and Trust Group) of BDO Private Bank, Inc. Prior to this, he was First Senior Vice President
and Head of the Trust Banking Group of Philippine National Bank from 2009-2013; Vice President and
Head of Retail Branch Business, Citibank Savings of Citibank N.A. Philippines from August 2008 to
November 2009; Senior Vice President/Deputy Group Head of Trust banking of the Metropolitan Bank
and Trust Company through merger with Global Business Bank from 2000 to 2008; Vice President/Head-
Securities Distribution of the Banco Santander Philippines, Inc. from 1999 to 2000; Vice President/Head-
Trust Division, Security Bank Corporation from 1996 to 1999; Assistant Vice President and Head of Peso
and Dollar Trading Desks of Citibank, N.A., Citibank Global Asset Management (CGAM) from 1989 to
1996. Concurrently, he is the President and Director of the Trust Officers Association of the Philippines
(TOAP) and former Director from 2003 to 2006 where he was elected President in 2005. He has
attended various seminars such as Risk Management, Citibank Phils., 1995; Financial Risk Management,
Pi Eta Singapore, 2004; Risk Management, BNP Paribas, 2006; Corporate Governance, Bankers
Association of the Philippines (BAP), 2007. He obtained his Bachelor of Science degree major in
Business Administration from the University of Sto. Tomas in 1986..
Cezar P. Consing, Director, Filipino.
Director of the Corporation from July 2014. Mr. Cezar P. Consing has been the President and CEO of
Bank of the Philippine Islands (“BPI”) since April 2013. From 2004 to 2013, he was a Partner of The
Rohatyn Group, a New York headquartered investment company that manages about $7.0 billion in
investments in the global emerging markets. He was responsible for the firm’s private equity business in
Asia, managed its Hong Kong based operations and was a member of the board of partners of the firm’s
management company. Mr. Consing was an investment banker with J.P. Morgan & Co. from 1985 to
2004, where he was based in Hong Kong and Singapore. From 1999 to 2004, he was President of J.P.
Morgan Securities (Asia Pacific) and, as a senior Managing Director, co-headed or headed the firm’s
investment banking group in the Asia Pacific region. As an investment banker, he was directly involved in
some of the most significant corporate transactions in Asia, including several mergers, privatizations and
debt and equity fund raisings. He worked for BPI in Manila in corporate planning and corporate banking
from 1980 to 1985. Mr. Consing served as an independent director of the boards of CIMB Group Holdings
Berhad and CIMB Group Sdn. Berhad from 2004 to 2012 and First Gen Corporation, a major Philippine
power generation company, from 2005 to 2013. He has been an independent director of the board of
Jollibee Foods Corporation since 2010. He served as a board director of BPI from 1995 to 2000, 2004 to
2007, and most recently since 2010. He received an M.A. in Applied Economics from the University of
Michigan, Ann Arbor, in 1980.
Simon R. Paterno, Director from February 2015.
Mr. Simon R. Paterno heads the Financial Products
Group of the Bank of the Philippine Islands. He is responsible for managing the product businesses of the
Bank, including Investment Banking, Corporate Loans and Transaction Banking, Retail Lending,
Payments, Asset Management and Trust, Channels, and Deposits. He also oversees subsidiaries and
affiliates in insurance, leasing, and merchant acquiring. He is a member of the Management Committee
of BPI. Mr. Paterno is a former President and CEO of the Development Bank of the Philippines, serving
from 2002-2004. He worked for 18 years at the New York, Hong Kong, and Manila offices of J.P. Morgan,
serving finally as Managing Director in charge of sovereign clients during the Asian Financial Crisis of
1997-98, and as Country Manager for the Philippines until 2002. He also worked for 8 years at Credit
Suisse as Managing Director and Country Manager for the Philippines. Mr. Paterno obtained his MBA
from Stanford University in 1984. He was awarded his A.B., cum laude, Honors Program in Economics
from Ateneo de Manila University in 1980. In 2005, he was elected President of the Management
Association of the Philippines. He serves on the boards of the Foundation for Economic Freedom, Manila
Polo Club and Ateneo Scholarship Foundation. He was named a TOYM awardee for Investment Banking in 1999.
Yvonne S. Yuchengco, Director, Filipino.
Director of the Corporation since June 2006. Ms. Yvonne S. Yuchengco is the President and Director of
Malayan Insurance Company, Inc. and MICO Equities, Inc. since 1995, Alto Pacific Corporation, and
Philippine Integrated Advertising Agency, Inc. She is currently the Chairperson and Director of the RCBC
Capital Corporation; Chairperson and President of Yuchengco Tower Office Condominium Corporation,
Y Tower II Office Condominium Owners Asso. Inc. and Malayan Securities Corp; Chairperson of First
Nationwide Assurance Corporation and XYZ Assets Corporation; Advisory Board Member of Rizal
Commercial Banking Corporation; Director, Vice President and Treasurer of Pan Managers, Inc.;
Treasurer and Director of Pan Malayan Management & Investment Corporation, Honda Cars Kalookan,
Inc, Mona Lisa Development Corp., Malayan High School of Science, Inc. and Petroenergy Resources
Corporation; Director of Pan Malayan Realty Corporation, Malayan Insurance (H.K), Malayan
International Insurance Corporation, Manila Memorial Park, Inc., La Funeraria Paz Sucat Inc., iPeople
Inc., Seafront Resources Corporation, House of Investments, Inc., HYDee Management and Resource
Corporation, Malayan Colleges, Inc. (operating under the name Mapua Institute of Technology, Luisita
Industrial Park Corporation, Malayan Colleges Laguna, Inc., Asia-Pac Reinsurance Co., Ltd., AY
Holdings, Inc., Pan Malayan Express, Inc., Pan Pacific Computer, Inc., Shayamala Corporation, and YGC
Corporate Services, Inc.; Trustee of AY Foundation, and Philippine Asia Assistance Foundation, Inc.;
Trustee and Chairperson of the Malayan Plaza Condominium Owners Asso., Inc.; Trustee and Vice
Chairperson of Yuchengco Museum, Inc.; and Assistant Treasurer of Enrique T. Yuchengco Inc. She
was also formerly President of the PIA/Phil-Asia Assistance Foundation, Inc. She graduated with a
Bachelor of Arts degree from Ateneo de Manila University in 1977 and took up further studies in UAP
under SBEP program.
Romeo L. Bernardo, Independent Director, Filipino.
Independent Director of the Corporation since June 2006. Mr. Romeo L. Bernardo is the Managing
Director of Lazaro Bernardo Tiu and Associates (LBT), a financial advisory firm based in Manila. He is
also a GlobalSource economist in the Philippines. He is Chairman of ALFM Family of Funds, ALFM Euro
Bond Fund, ALFM Growth Fund, ALFM Money Market Fund, ALFM Peso Bond Fund, RL Bernardo &
Associates, Inc. and Philippine Stock Index Fund. He is likewise an Independent Director of several
companies and organizations including Aboitiz Power, Ayala Plans, Inc., BPI, RFM Corporation,
Philippine Investment Management, Inc. (PHINMA), Trans-Asia Petroleum Corporation, BPI Globe BanKo
Inc., BPI Family Savings Bank, Inc., BPI Direct Savings Bank, Inc., BPI Capital Corporation, BPI-Philam
Life Assurance Corporation andBPI/MS Insurance Corporation. Mr. Bernardo is also the Director of Globe
Telecom Inc.; and Board of Trustee of Institute for Development & Econometric Analysis, Inc.. (IDEA) and
Philippine Institute for Development Studies. He previously served as Undersecretary of Finance and as
Alternate Executive Director of the Asian Development Bank. He was an Advisor of the World Bank and
the IMF (Washington D.C.). Mr. Bernardo holds a degree in Bachelor of Science in Business Economics
from the University of the Philippines (magna cum laude) and a Masters degree in Development
Economics at Williams College from Williams College in Williamstown, Massachusetts.
Ermilando D. Napa, Independent Director, Filipino.
Independent Director of the Corporation since June 2011. Mr. Ermilando D. Napa is presently the
President and CEO and Vice-Chairman of the Board of Directors of the Philippine Export-Import Credit
Agency (PhilEXIM), also known as the Trade and Investment Development Corporation of the Philippines
(TIDCORP), a government financial institution attached to the Department of Finance. He is the Founding
CEO of Manila Consulting and Management Co., Inc., Century Woods, Inc., and Catanauan Resources
and Development Corporation. Currently, Mr. Napa is an Independent Director at the National
Reinsurance Corporation of the Philippines (PhilNaRe or NRCP) and the CIIF Oil Mills Group. He is the
Chairman of the Audit Committee of PhilNaRe and CIIF Oil Mills, as well as a Member of the Interim
Governance Board of the National Life Insurance Company of the Philippines (NLIC). His previous
professional experience include being a Partner of SyCip Gorres & Velayo Company (Philippines), a
Principal of Kassim Chan & Company in Kuala Lumpur, Malaysia (a former member firm of SGV Group
and Delloite Haskins & Sells International), and a Manager of Arthur Andersen in New York. In 2013, he
was appointed as Conservator of the NLIC. Mr. Napa has attended special trainings and various courses
such as Strategic Management and IMPACT Productivity Improvement in Chicago and Corporate
Finance in New York. He holds a bachelor’s degree in Business Management from Aquinas University
(1970) and a master’s degree in Management from the Asian Institute of Management (1980).
Medel T. Nera, Independent Director, Filipino.
Independent Director of the Corporation since July 2011. Mr. Medel T. Nera is the President and CEO of
House of Investments, Inc. and President of RCBC Realty Corp. He serves as Director of House of
Investments and its significant subsidiaries and associates. He also serves as Director of Rizal
Commercial Banking Corporation and Seafront Resources Corp. He was a former senior partner of
SyCip, Gorres, Velayo and Co., CPAs (SGV) where he served as Financial Services Practice Head. He
also serves as Director and Treasurer of CRIBS Foundation Inc. Mr. Nera holds a degree in Bachelor of
Science in Commerce from Far Eastern University where he graduated in 1976. He obtained his Master
of Business Administration degree from New York University in 1982.
Joli Co Wu, Director, Filipino.
Director of the Corporation from July 2015. Ms. Joli Co Wu is the President and Chief Executive Officer
of QBE Seaboard Insurance Philippines effective April 7, 2014. Prior to this, she was with Seaboard
Eastern Insurance where she started her insurance career and eventually lead the company as its
President/CEO for the last 10 years. She has extensive experiences in Marine, Aviation, Casualty and
Motor Insurance. Throughout her career, she has attended management, insurance and reinsurance
courses, both local and international, to help hone her experience in the Industry. She is a member of the
Board of Directors of QBE Seaboard Insurance Philippines as well as a member of the Board of Trustees
of the Insurance Institute for Asia and the Pacific. She is also an officer of the Marine Underwriters of the
Philippines. Ms. Wu attended the Immaculate Conception Academy for her primary and secondary
education and graduated with a degree in Bachelor of Arts, Major in Financial Management from
Catholic University of America, Washington DC.
Rafael C. Gallaga, Board Advisor, Filipino.
Mr. Rafael C. Gallaga is the President and Chief Operating Officer of Sterling Insurance Company, Inc.
since 2001. He was formerly the President and Chief Operating Officer of EAB Insurance Brokers, Inc.
from June 1999 to December 2000 and MAPFRE Insular Insurance Corporation (formerly Provident
Insurance Corporation) from March 1986 to February 1997. He serves as Board Adviser of National
Reinsurance Corporation of the Philippines in 2011 and 2013; and a former Board Member from 1995 to
2008, 2010, 2011 and 2014. He has held the following positions: Chief Delegate- Philippines of the East
Asian Insurance Congress (EAIC) in 1992 and Executive Board Member from 1993-1994 and Member of
the 20th EAIC Organizing Committee from 1999 to 2000; Chairman of the Third World Insurance
Congress (1991); President, ISAP, Inc. (presently PIRA, Inc.) from 1990-1991 and Vice President from
1988-1989; President of the Philippine Insurers Club from 1986-1987. He also served as Trustee and
Treasurer of the Insurance Institute for Asia and the Pacific from 1988 -1992 and Trustee from 1995-
1997. He has attended various insurance, reinsurance and management courses. He earned his
Bachelor of Science degree major in Business Management from San Beda College in 1964.