Corporate Governance

At PhilLife Financial, we believe that strong corporate governance is fundamental to our success and sustainability. Guided by our Core Values, we are committed to fostering a culture of integrity, transparency, and accountability in all aspects of our operations, ensuring responsible leadership and protection of our stakeholders’ interest.

Accordion Example with Arrows
Incorporation Charters
Organizational Update
Regulatory License
Audited Financial Statements
Corporate Governance Reports
CG Manuals, Charters, Programs, Policies, and COCO Framework
Directors, Officers, Shareholders Info Sheet
EUSEBIO TANCO
Director
JOSEPH AUGUSTIN L. TANCO
President & CEO
ATTY. MONICO V. JACOB
Chairman
CECILIA C. BORROMEO
Independent Director
ARMANDO L. SURATOS
Independent Director
JESLI A. LAPUS, DPA, MBA, CPA
Director
JOSE ALFONSO POBLETE
Independent Director
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EUSEBIO TANCO

Director

I. Professional Experience & Positions

Current Positions
  • CEO & Director, Classic Finance Inc.
  • Chairman, Venture Securities Inc.
  • Chairman, Philippines First Insurance Co., Inc.
  • Director, Philippine Life Financial Assurance Corporation
  • Director, PhilPlans First, Inc.
  • Director, Philhealthcare Inc.
  • Director, Manila Bay Spinning Mills, Inc.
  • Director, United Coconut Chemicals Inc.
  • Chairman, Manila Bay Hosiery Mills, Inc.
  • President, Asian Terminals Inc.
  • President, Bloom with Looms Logistics, Inc. (formerly STMI Logistics, Inc.)
  • Chairman, Mactan Electric Company
  • President, Total Consolidated Asset Management, Inc.
  • President, International Hardwood & Veneer Co. of the Phils
  • President, Cement Center Inc.
  • Chairman and President, First Optima Realty Corp.
  • President, Mar-bay Homes, Inc.
  • President, Tantivy Holdings Inc (formerly Insurance Builders Inc.)
  • Director, M. B. Paseo
  • President, Eujo Phils., Inc.
  • Chairman and President, Amina, Inc.
  • Director, STI Education Services Group, Inc.
  • Director, STI West Negros University
  • Chairman, iACADEMY
  • Chairman of the Board, Delos Santos-STI College
  • President, Global Resource for Outsourced Workers, Inc.
  • Chairman, Grow Vite, Inc.
  • Director, Philhealth Care Inc.
  • Director, Philippine Racing Club
  • Director, Leisure & Resorts World Corporation
  • Chairman, STI Education Systems Holdings, Inc.
  • President, Eximious Holdings, Inc. (formerly Capital Managers & Advisors, Inc.)
  • Chairman & President, Prime Power Holdings Corporation
  • President, Biolim Holdings and Management Corp (formerly Rescom Developers Inc.)
  • Chairman & President, Prudent Resources Inc.
  • Director, Maestro Holdings, Inc.

II. Professional Associations
  • Chairman, Philippines-Thailand Business Council
  • Chairman, Philippines-UAE Business Council
  • Board of Trustee, Philippines, Inc.
  • Member, Phil. Chamber of Commerce & Industry

III. Education Background
  • Doctor of Humanities (honoris causa), Palawan State University
  • Master of Science in Economics, London School of Economics & Political Science
  • Bachelor of Science in Economics, Ateneo de Manila University

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JOSEPH AUGUSTIN L. TANCO (JAEGER)

President & CEO

I. Professional Experience & Positions
Current Positions
  • President & CEO, Maestro Holdings, Inc. (formerly STI Investments, Inc.)
  • President & CEO, PhilhealthCare, Inc. (PhilCare)
  • President & CEO, Philippine Life Financial Assurance Corporation (PhilLife)
  • President & CEO, Philippines First Insurance Corporation (PhilFirst)
  • Chairman of the Board, PhilPlans First, Inc. (PhilPlans)
  • Director & Member, Executive Committee Nomination and Election Committee, STI Education Services Group, Inc.
  • Director, iACADEMY
  • Director, STI West Negros University
  • President & CEO, Stitch Tech Solutions
  • Founder, Comm&Sense, Inc. (award-winning public relations agency)
  • Founder, Roar Agile Communicators (sister company of Comm&Sense, Inc.)
  • Director, Eximious Holdings, Inc. (formerly Capital Managers and Advisors, Inc.)
  • Director, Biolim Holdings & Management Corporation (formerly Rescom Developers, Inc.)
  • Director, Prime Power Holdings Corporation
  • Director & Vice President, EujoPhils, Inc.
  • Director, Venture Securities, Inc.
  • Director, Bloom with Looms Logistics, Inc. (formerly Southern Textiles Mills, Inc.)
  • Co-Chairman, Healthcare and Wellness Committee, American Chamber of Commerce of the Philippines, Inc. (AMCHAM)

II. Previous Key Leadership Roles
  • Chapter President, Junior Chamber International Philippines (JCI)
  • Area Director, Metro Area 2, JCI Philippines
  • National Chairman for Nothing but Nets, JCI Philippines
  • National Chairman, TOYM (The Outstanding Young Men) Awards
  • Mentor, B.S. in Entrepreneurship Program, University of Asia and the Pacific (UA&P)

III. Education Background
  • Master's Degree in Business Administration, Ateneo Graduate School of Business
  • Degree in Entrepreneurial Management, University of Asia and the Pacific (UA&P)
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Atty. Monico V. Jacob

Chairman

I. Professional Experience & Positions
Current Positions
  • President, STI Education Systems Holdings, Inc. (STI Holdings)
  • Vice-Chairman & CEO, STI Education Services Group (STI ESG)
  • Chairman, STI-West Negros University (STI-WNU)
  • Chairman, Philippine Life Financial Assurance, Inc. (PhilLife)
  • Chairman, Rosehills Memorial Management, Inc. (a PhilPlans subsidiary)
  • Chairman, Total Consolidated Asset Management, Inc.
  • President, PhilPlans First, Inc. (PhilPlans)
  • Chairman, Philhealthcare, Inc. (PhilCare)
  • Director, iACADEMY
  • Director, TechZone Philippines, Inc.
  • Director, Philippines First Insurance Company, Inc.
  • Director, Global Resource for Outsourced Workers, Inc.
  • Director, GROW Vite
  • Member, Board of Directors, Asian Terminals
  • Member, Board of Directors, Phoenix Petroleum Philippines
  • Member, Board of Directors, Rockwell Land Corporation

II. Previous Key Leadership Roles
  • Chairman & CEO, Petron Corporation
  • Chairman & CEO, Philippine National Oil Company (PNOC) and all subsidiaries
  • General Manager, National Housing Authority (NHA)
  • Chief Executive Officer, Home Development Mutual Fund (PAG-IBIG Fund)
  • Associate Commissioner, Securities and Exchange Commission
  • Partner, Jacob Acaban Corvera Valdez and Del Castillo (law firm)

III. Professional Associations
  • Life Member, Management Association of the Philippines (MAP); President 1998
  • Member, Integrated Bar of the Philippines

IV. Education Background
  • Bachelor of Laws, Ateneo de Manila University
  • Bachelor of Arts (Major in Liberal Arts), Ateneo de Naga University
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CECILIA C. BORROMEO

Independent Director

I. Professional Experience & Positions
Current Independent Directorships
  • Philippine Savings Bank (since January 2025)
  • Atlantic Gulf & Pacific Company of Manila (since 2024)
  • Philippine Life Financial Assurance Corp. (since 2024)
  • Cosco Capital, Inc. (since 2023)

Current Directorship / Chairpersonship
  • Director and Chairperson, Upgrade Energy and Philippines, Inc. (since February 2025)

Former President and CEO Roles:
  • Land Bank of the Philippines (March 2019 – May 2023)
  • Development Bank of the Philippines (March 2017 – February 2019)

II. Education Background
  • BS Agribusiness, University of the Philippines
  • Pacific Rim Bankers Program, University of Washington Executive Foster School of Business
  • International Study on Rural Banking and Finance, Massey University
  • Advance Bank Management Program, Asian Institute of Management
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ARMANDO L. SURATOS

Independent Director

I. Professional Experience & Positions
Current Positions
  • Independent Director, East West Bank (Apr 23, 2021–present)
  • Chairman, Supervisory Committee, ABF Philippine Bond Index Fund (Oct 11, 2017–present)
  • Independent Director, Philippine Life Financial Assurance Corp. (Oct 16, 2018–present)
  • Vice Chairman, Kapatiran Kaunlaran Foundation, Inc. (Apr 17, 2012–present)
  • Trustee, Mary Johnston College of Nursing Scholarship Foundation Inc.; Vice Chairman (since Jul 1, 2021)
  • Trustee, Resources for the Blind, Inc.; Vice Chairman (since May 12, 2022)
  • Director, Maestro Holdings, Inc. (Nov 15, 2022–present)
  • Advisory Board Member, ELSAL Ventures OPC (Sept 26, 2022–present)

Previous Independent Directorships
  • Philippine Trust Company (Sept 12, 2019 – Apr 15, 2021)
  • Manila Bulletin (Jul 12, 2018 – Sept 3, 2020)
  • Philippine Payments Management, Inc. (Oct 6, 2017 – Sept 20, 2022)

Bangko Sentral ng Pilipinas (BSP) / Central Bank of the Philippines (CBP) Career – 45 years
  • Member, Monetary Board, BSP (Sept 13, 2011 – Jul 3, 2017)
    • Chairman, BSP Corporate Audit Committee
    • Adviser to the Governor, PICC
    • Adviser, Currency Management, Numismatic, ICT & Legislative Liaison Committees
  • Deputy Governor, Resource Management Sector, BSP (1998–2010)
    • Vice Chairman, PICC Board
    • Oversaw BSP Security Plant Complex (8½ years)
  • General Counsel, BSP (1992–2000)
  • Assistant Director, Office of Supervisory Policy & Regulation, CBP (1976–1979)
  • Director/Managing Director, Debt Restructuring Dept.
    • Led national debt restructuring with Paris Club & commercial banks
    • Implemented Debt to Equity Conversion Program
  • General Manager, Private Debt Restructuring & Repayment Corp. (1990–1993)
  • Government panel negotiator for financing packages & restructuring agreements (1983–early 1990s)

Other Professional Experience
  • Board Member, International Association of Currency Affairs (2005–2017)
  • Panels of Conciliators and Arbitrators, ICSID
  • Alternate Director, Philippine Export-Import Credit Agency (Apr 10, 2008–Nov 24, 2010)
  • Technical Assistant, Supreme Court (Dec 1971–Apr 1972)

II. Education Background
  • Bachelor of Laws, Ateneo de Manila University (1971) – Dean’s List; 8th Place, 1971 Bar Exams
  • Bachelor of Science in Business Administration, University of the Philippines (1966)
  • Investment Negotiation Course, Georgetown University (1975)
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JESLI A. LAPUS, DPA, MBA, CPA

Director

I. Professional Experience & Positions
Current Positions
  • Independent Director, Alliance Global Group, Inc.
  • Independent Director, Emperador Inc.
  • Chairman, STI Education Services Group, Inc.
  • Chairman, LSERV Corporation
  • Chairman, AIM-ALT Center for Tourism
  • Director, Philippine Life Financial Assurance Corp.
  • Director, STI Education Systems Holdings, Inc.
  • Director, STI West Negros University
  • Governor, iAcademy

Previous Key Leadership Roles
  • Secretary of Trade and Industry
  • Secretary of Education
  • Vice Chairman, Land Bank of the Philippines
  • Undersecretary, Department of Agrarian Reform
  • President & CEO, Land Bank of the Philippines
  • Managing Director, Triumph International (Phils.) Inc.
  • CFO, Ramcar Group
  • Audit & Management Services, SGV & Co
  • Former Member of the Board of Directors:
    • Metropolitan Bank & Trust Company
    • Philippine Airlines
    • Manila Electric Company
    • Union Bank of the Philippines

II. Professional Associations & Multilateral Posts
  • Elected Executive Board member, UNESCO, Paris
  • Former President, South East Asian Ministers of Education Organization (SEAMEO)
  • Young Presidents Organization (YPO)
  • Management Association of the Philippines (Governor)
  • Bankers Association of the Philippines (Director-Treasurer)
  • Fr. Al Schwarz Children Foundation (Trustee)
  • Children's Museum (Trustee)

III. Education Background & Academic Posts
  • DPA, MBA, CPA
  • Post-Graduate Studies:
    • Asian Institute of Management
    • Harvard University
    • INSEAD
    • UCLA
    • Universidad de Salamanca
  • Academic Professor:
    • Asian Institute of Management
    • Ateneo de Manila University
    • Maryknoll College
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JOSE ALFONSO POBLETE

Independent Director

I. Professional Experience & Positions
  • President & CEO, UCPB-CIIF Finance and Development Corp., Makati (2023–2025)
  • Lecturer in Business Planning, Center for Asian Culinary Studies, San Juan (2014–present)
  • President & CEO, CIIF Oil Mills Group, Makati (2013–2017)
  • Founder & Managing Director, Assistforce, LLC, San Francisco/Makati (2007–2013)
  • Founder & Managing Director, Tri-Globe, LLC, Lafayette, CA (2004–2006)
  • Various Roles, McKesson Corp., San Francisco, CA (1997–2004)
    • Developed credit policy for hospital market; managed AR exposure
    • Oversight of money managers for corporate pension plan
    • Analytics for dividend policy, share repurchase, fair-value accounting
    • Procedures for SOX compliance, managed debt service and refinancing
  • Various Roles, Kaiser Foundation Health Plan, Inc., Oakland, CA (1986–1996)
    • Directed analysis and reporting of divisional business plans
    • Rolled out EVA capital efficiency metric (1992–1996)
    • Supervised long-range capital planning (1986–1992)
  • Consultant, SGV & Co., Manila (1983–1985)
    • Consulted for foreign investors and local conglomerates
    • Designed inventory and logistics system for national wholesaler
    • Coordinated ASEAN market research; drafted economic analysis for fuel-alcohol program
  • Analyst, Bancom Development Corp., Manila (1978–1981)
  • Lecturer in Undergraduate Economics, De La Salle University, Manila (1978–1980)

II. Directorships
  • Independent Director, Philippine Life Financial Assurance Corp. (2020–present)
  • Independent Director, PhilCare, Inc. (2020–present)
  • Independent Director, Glacier Balagtas Refrigeration Services Corp. (2022–2023)
  • Chairman, Philippine Coconut Oil Producers Association (2014–2017)
  • Director, United Coconut Associations of the Philippines (2013–2017)
  • Chairman, United Coconut Chemicals, Inc. (2013–present)
  • Chairman & Trustee, UCPB-CIIF Foundation (2013–2018)
  • Independent Director, United Coconut Planters Bank (2011–2014)
  • Independent Director, UCPB Savings Bank (2011–2017)

III. Education and Certifications
  • Master in Health Services Administration, St. Mary's College, Moraga, CA (1996)
  • Master of Management, Kellogg School of Management, Northwestern University (1983)
  • Bachelor of Arts (Honors), Major in Economics, De La Salle University (1978)
  • Certificate in Business Intelligence & Data Warehousing, University of California, Berkeley (2000)
  • Certificate in Basics of Options, Futures & Other Financial Derivatives, University of Chicago (1999)
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Minutes of Meeting of Stockholders, Board, and/or Committees
Board of Directors Meetings
Annual Stockholders Meetings
Committee & Other Meetings

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