Five brokers team up for coming PSE elections

Five brokers representing both small and big-time stock traders have joined forces for the forthcoming Philippine Stock Exchange (PSE) elections.

They are Alicia ‘Aleli’ Arroyo Rodolfo Cruz, William Ang, Gregorio Uytiepo Kilayko and Marita Limilingan.

Arroyo has been actively serving as co-chairman of the strategic development committee and the audit committee of the Philippines Stock Exchange (PSE).

Garnering the highest number of votes for a broker-director during the very first de-mutualized elections of the exchange last year, Arroyo has been helping organize investor awareness activities like the PSE’s very first international and local roadshows.

Cruz, as treasurer of the exchange, has been responsible for enhancing the yields of the PSE funds.

As chairman of the by-laws committee, Cruz is currently conducting a study on the possible amendments to the PSE by-laws to adjust its provisions and make it responsive to current environmental changes.

He is also responsible for the complete waiver of charges for computer terminal facilities used by trading participants and for the opening of the PSE lending window to trading participants for a maximum of P500,000 at an average interest rate of 6.5 percent for annum.

Ang is the incumbent co-chairman for listing of the PSE and was also a chairman of the Securities Clearing Corp. of the Philippines.

Kilay ko is considered the voice of foreign houses at the PSE board. A governor for two terms of the mutualized Pse, Kilayko has been very instrumental in preparing the PSE for demutualization by volunteering his invaluable investment banking expertise.

Limilingan who has successfully branched out to Iloilo, Cagayan de Oro, San Juan and Makati would be an asset in bringing the investor education program of PSE to the countryside.