The Maharlika Investment Corp. (MIC), the investment arm of the Maharlika Investment Fund (MIF), gets four new directors, the Presidential Communications Office (PCO) said.
President Ferdinand ‘Bongbong’ Marcos administers the oath of four new directors of the Maharlika Investment Corp. (Photo from the Presidential Communications Office)
In a statement on Wednesday, Dec. 20, the PCO announced that Vicky Castillo Tan, Andrew Jerome Gan, German Lichauco, and Roman Felipe Reyes were sworn in as MIC directors.
Tan, who worked at the Asian Development Bank (ADB) from Sept. 2002 to Jan. 2021 in various capacities as senior financial and budget management officer, also held positions for different banks, investment, and financial institutions such as Citibank, AIG Philam Bank Inc., and Chinatrust (Phils) Commercial Bank Corp.
Prior to her appointment to the MIC, Tan served as SteelAsia Manufacturing Inc.’s deputy president and May Bank Inc.’s independent board of director and chairperson of its Corporate Governance Committee.
Hailing from Manila, she finished Bachelor of Science in Business Administration at the University of the Philippines-Diliman and graduated in 1982. She completed her Master of Business Administration from the same university in 1987.
Gan, on the other hand, is a current member of the Board of Directors, the Audit Committee, and the Compensation Committee of Capital Markets Integrity Corp. (CMIC).
Some of his previous and ongoing employment include becoming Singapore Advisor for Picfel & Cle, Banquiers, Globe Land Development Corp. Managing Director, Nuovo Moda Inc. Director, Treasurer, and Director of Communications, and Fil L’mour Inc., and Beacon Holdings Inc. Managing Director.
The newly minted MIC director completes his finance and business economics at the University of Notre Dame in Indiana, graduating in 1985. He studied Masters in Public Policy and Management at the School of Oriental and Asian Studies.
Lichauco’s expansive work experience included director for the Vehicle Inspection Management Solutions of Hackeye 2020 Corp. and of Sharp Philippines Corp. He was also the secretary for the Computerized Imaging Institute of the Makati Medical Center Foundation Inc., the Medical Doctors Inc., and the Soho Central Condominium.
Lichauco graduated from the De La Salle University in Manila in 1985 and earned his Juris Doctor degree from Ateneo De Manila University in 1992.
Currently, Reyes is the chairman and founding partner of Reyes Tacandong & Co.
He is also a current director of the Radio Philippines Network Inc. (RPN 9), Pampanga Sugar Development Co. (Pasudeco), the All-Asian Countertrade, Philippine Geothermal Production Co., and Converge ICT Solutions Inc.
He was a graduate of San Beda College, completing his Bachelor of Science in Commerce in 1972. He took his Master of Business Administration-Finance degree at the University of Detroit, Michigan and graduated in 1975.
Last month, President Marcos appointed Rafael Consing Jr. as president and chief executive officer (CEO) of the MIC.
MIC was created under Republic Act (RA) No. 11954. It will serve as “the primary vehicle for mobilizing and utilizing the MIF for investments in transactions aimed at generating optimal returns on investments (ROIs).”
The Maharlika Fund is expected to fuel economic growth in the country through infrastructure projects approved by the National Economic and Development Authority (NEDA).