MANILA, Philippines – Seasoned investment banker Roberto Juanchito Dispo has joined Cosco Capital and Philippine Bank of Communications as adviser to the respective firms’ board of directors.
Businessman Lucio Co owns both Cosco Capital and PBCom.
For Cosco, Dispo’s appointment will take effect on Jan. 18.
“Cosco believes that Dispo’s broad experience in investments, strategic acquisition and management including his previous position as deputy treasurer of the Philippines could provide the board with expert guidance to be a more competitive conglomerate in the Philippine market,” it said.
PBCom, meanwhile, said Dispo has an extensive experience in capital raising, investments, strategic acquisition, and asset management.
He previously held various posts in the Department of Finance and the Bureau of the Treasury. He was also the former president of Money Market Association of the Philippines and First Metro Investment Corp.
Dispo is currently the chair of the Capital Markets Development Committee of FINEX.
Just recently, Dispo was appointed as vice chairman and president of the Cirtek group.
Co acquired a 49.99 percent stake in PBCom in 2014. As of the end of September last year, PBCom had a total branch network of 82 and 11 other banking offices after opening five branches and two other banking offices in the first half. – With Iris Gonzales