MANILA, Philippines - All 15 incumbent members of the Philippine Stock Exchange (PSE) board of directors were re-elected yesterday as three other aspirants withdrew their candidacy prior to the elections.
The same set of officers will steer the country’s sole stock exchange as it seeks more liquidity and investor participation at a time of record highs for the local equities market.
“All 15 were given the mandate to continue and pursue the reforms that we put together,” re-elected PSE chairman Jose T. Pardo said in a briefing.
“We continue to commit to further strengthening and deepening measures that will enhance the operations of the stock exchange,” he added.
Along with Pardo, those re-elected to fill the board were incumbent PSE president and chief executive Hans B. Sicat, former PSE chairman Cornelio T. Peralta, Eddie T. Gobing, Francis C. Chua, Alejandro T. Yu,
Amor C. Iliscupidez, Roberto G. Vergara, Vivian Yuchengco, Eusebio H. Tanco, David O. Chua, Emmanuel O. Bautista, Anabelle Lim-Chua, Dakila B. Fonacier and Edgardo G. Lacson.
Marvin V. Fausto, BDO Unibank, Inc., senior vice-president and chief investments officer; Paul Joseph M. Garcia, Bank of the Philippine Islands senior vice-president and equity fund manager; and Robert A. Atendido, president of Asian Alliance Investment Corp. withdrew their candidacy prior to the elections.