Ayala Plans, Inc. Board of Directors

The Board of Directors bears the primary responsibility for creating and enhancing the long-term shareholder value of Ayala Plans, Inc. It must ensure the company's ability to satisfy the needs of its customers, sustain its leadership and competitiveness, and uphold its reputation in order to maintain the company's long term success and viability as a business entity.

Our board consists of nine directors and executive officers. Two are classified as independent directors, or having no interest or relationship with Ayala Plans, Inc. at the time of election, appointment, or re-election. Three hold a membership position, five serve different functions, and one stands as Chairman.

Ayala Plans, Inc. is one of the companies under the umbrella of the Bank of the Philippine Islands. As such, it has a vast reservoir of experience and expertise drawn from the group’s history of excellence and quality service to the public.

Independent DirectorDirector and Chairman
57, Filipino

Terms of office:
• November 23, 2021 to present

Committee memberships:
• Chairman
• Nomination Committee Chairman
• Personnel and Compensation Committee

Career and relevant experience:
She is a Senior Vice President of the Bank of the Philippine Islands and holds directorship position in various institutions such as BPI Forex Corporation (2019), Santiago Land Development Corp. (2018), Citytrust Realty Corp. (2018), National Reinsurance (2018), BPI Philam Assurance Corp. (2018), Filinvest Algo Financial Corp. (2018), Citytrust Securities Corp. (2018), First Far East Development Corp. (2018), and BPI Computer Systems Corp. (2018).

Trainings attended:
• Advanced CG Training conducted by the ICD on November 10, 2020
• Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit conducted by the ICD on October 21, 2021

Education:
She is a BS Management Engineering graduate of Ateneo de Manila with Masters in Business Administration from the University of Chicago.

Independent Director
60, Filipino

Terms of office:
• July 31, 2018 to present

Committee memberships:
• Chairman
• Audit Committee Member
• Nominations Committee

Career and relevant experience:
He was re-elected in July 29, 2021 as an independent director and also holds directorship to other BPI subsidiaries and affiliates including BPI Century Tokyo Lease and Finance Corp., BPI Century Tokyo Rental Corp., and BPI Direct Banko Inc.

Trainings attended:
• Advanced CG Training conducted by the ICD on November 10, 2020
• Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit conducted by the ICD on October 21, 2021

Education:
He finished his college degree, BS Management, at the University of the Philippines in 1983.

Director
58, Filipino

Terms of Office:
• August 26, 2015 to present

Committee memberships:
• Member
• Audit Committee Member
• Personnel and Compensation Committee

Career and relevant experience:
He was re-elected as a Director in July 29, 2021. He has worked with several banking institutions before becoming the Assistant Vice-President of Far East Bank/BPI from 1998 to 2002 and becoming a Vice President of BPI from 2002 to 2011. He is currently an SVP of BPI holding several corporate directorships of other BPI subsidiaries and affiliates including BPI Forex Corporation, BPI Operations Management Corp. and BPI Card Finance Corp. He also holds an appointive position as Board Member of the Philippine Clearing House Corp. since 2016 and as Operations Committee Member of the Bankers Association of the Philippines.

Education:
He earned his BS Economics degree from the University of the Philippines in 1984.

Independent Director
73, Filipino

Terms of office:
• May 28, 2010 to present

Committee memberships:
• Member
• Audit Committee Member
• Nominations Committee Member
• Personnel and Compensation Committee

Career and relevant experience:
He has been an independent director of Ayala Plans since 2010 and of various BPI subsidiaries and affiliates including BPI Century Tokyo Lease and Finance Corp. and BPI Century Tokyo Rental Corp. His work history with the Bank included holding the various positions in BPI Bancassurance, Inc. as Chief Operating Officer from 2002 to 2004, as President from 2004 to 2008, and as Director from 2002 to 2008.

Trainings attended:
• Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit conducted by the ICD on October 21, 2021

Education:
He earned his MBM from the Asian Institute of Management in 1976, and his college degree, BS in Business Administration from the University of Nueva Caceres in 1974.

Director / Officer-in-Charge
58, Filipino

Terms of office:
• August 15, 2011 to present

Committee memberships:
• None

Career and relevant experience:
He is currently a Director of Ayala Plans, Inc. and also holds the position as Chief Finance Officer of BPI-Philam Life Assurance Corp., both assumed in 2011. His prior assignments with the Bank included the Research Officer position with BPI (1993-1995) and BPI Capital Corp. (1995-1997), Marketing Head of BPI Securities (2004-2007) and President and Director of BPI Securities in 2010.

Trainings attended:
• Ayala Integrated Corporate Governance, Risk Management and Sustainability Summit conducted by the ICD on October 21, 2021

Education:
He graduated with a degree in BS Industrial Engineering in 1986 and received his MBA degree in 1992 both from the University of the Philippines, Diliman.

Treasurer / Compliance Officer
50, Filipino

Terms of office:
• August 15, 2011 to present

Committee memberships:
• None

Career and relevant experience:
She was re-elected as Treasurer on July 29, 2021. She started her career with Ayala Plans in 1995 and was assigned in various departments of the company. She is currently an Assistant Director of Ayala Plans.

Education:
He graduated with a degree in BS Industrial Engineering in 1986 and received his MBA degree in 1992 both from the University of the Philippines, Diliman.

Corporate Secretary
52, Filipino

Terms of office:
• August 26, 2015 to present

Committee memberships:
• None

Career and relevant experience:
She was re-elected as Corporate Secretary on July 29, 2021. She also holds the position of Corporate Secretary of the parent company, the Bank of the Philippine Islands, or as Deputy Corporate Secretary of various BPI subsidiaries and affiliates, including BPI Family Savings Bank, BPI Capital, BPI AMTC, BPI Direct Banko, Inc., BPI Forex, BPI Century Tokyo Lease and Finance Corp., BPI Century Tokyo Rental Corp., and BPI-MS Insurance Corp.

Education:
She received her Master in Laws (LL.M) from the University of Chicago in 1997, Juris Doctor (J.D) in 1994 from Ateneo de Manila School of Law, and AB Honors Program in Economics in 1990 from Ateneo De Manila University.