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Manila Bulletin devider Business devider The Stock Market devider Ayala names Jaime Urquijo head of ALI's urban estates, expands Paolo Borromeo's role in conglomerate

Ayala names Jaime Urquijo head of ALI's urban estates, expands Paolo Borromeo's role in conglomerate

Published Mar 24, 2026 10:10 am

At A Glance

Another next-generation Zobel has been named an executive of real estate giant Ayala Land Inc. (ALI).
Paolo Maximo F. Borromeo, AC Health President and Ayala Corp. Chief Social Infrastructure Officer
Paolo Maximo F. Borromeo, AC Health President and Ayala Corp. Chief Social Infrastructure Officer
Ayala Corp. Chief Sustainability and Risk Officer Jaime Z. Urquijo
Ayala Corp. Chief Sustainability and Risk Officer Jaime Z. Urquijo

Jaime Zobel Urquijo, 37, son of Bea Zobel Jr., will be joining sister Paloma and cousin Mariana Zobel de Ayala in the company after being seconded to ALI by parent company Ayala Corp.

Ayala informed the Philippine Stock Exchange (PSE) on Tuesday, March 24, that Urquijo, its chief sustainability and risk officer, will be seconded to ALI as head of urban estates effective April 15, 2026.

“In this role, Mr. Urquijo will lead the continued development of Ayala’s Metro Manila estates as it strengthens its efforts to build sustainable and distinctive urban communities,” the conglomerate said.

In its own disclosure, ALI said that, in this new capacity, he will also serve as a member of ALI’s management and investment committees. In his new role, Urquijo will report directly to ALI President and Chief Executive Officer (CEO) Anna Ma. Margarita Bautista Dy.

Meanwhile, Ayala announced that it is expanding the role of Ayala Healthcare Holdings Inc. (AC Health) President and CEO Paolo Maximo F. Borromeo, who has been named the conglomerate’s chief social infrastructure officer.

Concurrent with leading AC Health, Borromeo will be responsible for optimizing the positive impact of Ayala’s social infrastructure businesses, specifically its healthcare, education, community development, and livelihood businesses.

He will also have executive responsibility for Ayala’s sustainability, state affairs, and external communications units.

Urquijo was elected as a director of Bank of the Philippine Islands (BPI) in September 2022 and is a member of the bank’s risk management as well as corporate governance and sustainability committees.

He also serves as a director of ACEN Corp., AC Ventures Holding Corp. (ACV), AC Industrial Technology Holdings Inc. (AC Industrials), AC Infrastructure Holdings Corp. (AC Infra), and Integrated Micro-Electronics Inc. (IMI), and as chairman of Klima 1.5 Corp.

He is also vice chairman of the board of trustees of Ayala Foundation and an independent advisor to the board of directors of ALI.

He was previously vice president for business development at Ayala’s listed energy platform, ACEN. During his tenure at ACEN, Urquijo led initiatives to expand the group’s asset portfolio in the Philippines, Vietnam, Myanmar, and Indonesia.

Most recently, as country manager for Indonesia, he established ACEN’s office in Jakarta. These initiatives resulted in 500 megawatts (MW) of operating wind and solar assets in Vietnam and over two gigawatts (GW) of pipeline projects for ACEN across the region. He continues to be a member of the board of directors of several foreign affiliates of ACEN.

Urquijo served as a director of BPI AIA Life Assurance Corp., formerly BPI-Philam Life Assurance Corp., from 2021 to 2022. He held a key managerial position in Ayala’s corporate strategy and business development group from 2016 to 2020.

He was a founding member and head of business development of AF Payments Inc. from 2014 to 2016, a joint venture (JV) between Ayala and Metro Pacific group, which won a public-private partnership (PPP) concession to replace the ticketing system of the Light Rail Transit (LRT) and Metro Rail Transit (MRT) systems in Metro Manila with a unified contactless ticketing system called Beep card. Beep card was the first interoperable transport card in the Philippines. 

He started his career at J.P. Morgan in New York in 2010, where he served as an analyst and associate until 2013.

Urquijo is a trustee of the Asian Institute of Management (AIM), Hero Foundation, and World Wide Fund for Nature (WWF) Philippines. He also serves as a director of the European Chamber of Commerce of the Philippines (ECCP).

He graduated with a degree in political science from University of Notre Dame in 2010 and received his Master of Business Administration (MBA) from INSEAD in 2018.

Related Tags

Ayala Land Inc. Ayala Corporation Paolo Borromeo Ayala Healthcare Holdings Inc. (AC Health) Jaime Z. Urquijo
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