Maharlika Investment Corp gets four directors – Palace

The Presidential Communications Office says President Ferdinand Marcos Jr. has appointed Vicky Castillo Tan, Andrew Jerome Gan, German Lichauco, and Roman Felipe Reyes as directors of Maharlika Investment Corp. and that all four took their oath of office in Malacañang on Wednesday, December 20, 2023. Photo from PCO

MANILA, Philippines — The Maharlika Investment Corporation (MIC) now has four directors after President Ferdinand Marcos Jr. named business executives to the post.

The Presidential Communications Office (PCO) said Marcos appointed Vicky Castillo Tan, Andrew Jerome Gan, German Lichauco, and Roman Felipe Reyes as MIC directors and that all four took their oath of office in Malacañang on Wednesday.

According to the PCO, Marcos’ appointment of the directors is aimed at steering the Maharlika Investment Fund (MIF).

READ: The caveats and promises of Maharlika Investment Fund

Tan, an Asian Development Bank (ADB) executive, graduated Bachelor of Science in Business Administration at the University of the Philippines-Diliman in 1982 and completed her Master of Business Administration degree from the same university in 1987, a PCO statement said.

She also worked for different banks and investments and financial institutions such as Citibank, AIG Philam Bank Inc., and Chinatrust (Phils) Commercial Bank Corp. from the early 1990s to 2000.

From September 2002 to January 2021, Tan worked in the ADB in various capacities including as a senior financial analyst, credit review officer, structured financial officer, financial management specialist, senior advisor to the bank vice president, regional cooperation and operations coordination division director, and budget and management services division director, the PCO also said.

Tan was likewise SteelAsia Manufacturing Inc.’s deputy president and May Bank Inc.’s independent board of director and chair of its corporate governance committee.

Gan, on the other hand, inished finance and business economics at the University of Notre Dame in Indiana, USA in 1985 and finished his masters in Public Policy and Management at the School of Oriental & Asian Studies.

The PCO said Gan was the 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.

He was also serving as a member of the Board of Directors of the Audit Committee and Compensation Committee of Capital Markets Integrity Corp. (CMIC) prior to being appointed as one of the MIF directors.

As for Lichauco, the PCO said he graduated from De La Salle University in Manila in 1985 and earned his Juris Doctor degree from Ateneo De Manila University in 1992.

Lichauco’s work experiences include being the director for the Vehicle Inspection Management Solutions of Hackeye 2020 Corp., director of Sharp Philippines Corp., and corporate secretary for Computerized Imaging Institute of the Makati Medical Center Foundation Inc., the Medical Doctors Inc., and the Soho Central Condominium.

The PCO added that Lichauco was a Senior Partner at the Siguion Reyna, Montecillo and Ongsiako Law Offices, and also served as President of Gemarvic Holdings Inc.

Reyes, meanwhile, graduated from San Beda College with a Bachelor of Science in Commerce in 1972 and completed his Master of Business Administration-Finance degree at the University of Detroit, Michigan in 1975.

Reyes is a current director of the Radio Philippines Network Inc.; Pampanga Sugar Development Co.; All-Asian Countertrade; Philippine Geothermal Production Co.; and, Converge ICT Solutions Inc., according to the PCO.

From May 2010 to present, Reyes is the Chairman and Founding Partner of Reyes Tacandong & Co.

The appointment of four MIC director came a month after Marcos named Rafael Consing Jr. as head of the government investment corporation.