Board of Directors & Management Team

BERNARDO M. VILLEGAS - Chairman of the Board
Dr. Villegas, PhD, Filipino, has served as a director of the Fund since 2009 up to present, but served as Chairman/Director from 1995-2007.

He holds a Bachelor of Arts Degree and a Bachelor of Science Degree from De La Salle University (Summa Cum Laude), and an M.A. and Ph.D in Economics from Harvard University.

He is also a Certified Public Accountant. He worked as Professor for Economics in the University of Asia and the Pacific and as a Visiting Professor for IESE Business School in Barcelona, Spain.

He is also the Research Director of the Center for Research and Communication. Currently, he is a columnist for the Manila Bulletin and a Member on the Boards of Alaska Milk Corporation, PHINMA Properties and Transnational Diversified, Inc.

He also served as the Dean of the School of Economics from 1989 to 2004 and in 2011, he was the Acting Vice President for Academic Affairs of the University of Asia and the Pacific. Up to the present, he remains to be a Professor in said University. In 1999, he served as a Member of the Preparatory Commission for Constitutional Reforms. He also became Member of the Constitutional Commission in 1986.
ANDREW JASON G. GAISANO - President
Mr. Gaisano, Filipino, holds a B.S. Major in Management, Minor in Finance from the Ateneo de Manila University, and an MBA Major in Finance and Information Systems from Baruch College, Zicklin School of Business in New York.

He is the Chairman and President of 5 Toes Holding Corp. since 2018, Chairman and President of BG Commodities Corporation since 2020, Chairman and President of Platinum Holdings, Inc. since 2024, and Director of Eastern Treasures, Inc. since 2023. He is a Partner of Gobi Asean Partners Venture Capital Firm since 2020. He is also a Trustee of Vicsal Foundation, Incorporated since 2019.
MARGARET GAISANO - ANG - Director
Ms. Ang, Filipino, is a Director of the fund since September 2003. She previously held the position of President from 2003 to 2023.

She holds a Bachelor of Science degree, major in Accounting (Cum Laude), from the University of San Carlos, Cebu City and is a Certified Public Accountant.

She is currently the Director and Corporate Secretary of Vicsal Development Corporation from 1982 and Director of Metro Retail Stores Group, Inc. from 2003; President of Grand Holidays, Inc. from 1980; Director of Taft Property Venture Development Corporation from 1992, Director of Midland Development Corporation from 1991, and Director and Corporate Secretary of Pacific Mall Corporation from 2001; and Trustee of Vicsal Foundation, Incorporated from 1996.
GREGORIO T. YU - Independent Director
Mr. Yu, Filipino, is a newly elected independent director of Filipino Fund, Inc. (FFI).

He holds an Economics degree (Summa Cum Laude) from the De La Salle University, and an MBA (Director’s Honor List) from The Wharton School. 

He is currently a Director of Inchcape Philippines since 2023, Director of AIA Philippines Life and General Insurance Company, Inc. since 2023, Director of Philippine Bank of Communications since 2011, Director of Vantage Equities, Inc. since 2013, Director of Philequity Management, Inc. since 2013, Director of Vantage Financial Corporation since 2015, Director of Alphaland Corporation since 2018, Director of APO Agua Infrastructura, Inc. since 2014, Director of Nexus Technologies, Inc. since 2012, Director of Unistar Credit and Finance Corporation since 2012, Director of Glyph Studios Inc. since 2011, Director of Glacier Megafridge, Inc. since 2021, Director of Prople BPO Inc. since 2006, Director of Wordtext Systems Inc. since 2001, and Director of Jupiter Systems, Inc. since 2001. He is also a Board Member of the Manila Symphony Orchestra since 2009.
MARY JENNIFER V. MUSNI - Director
Ms. Musni, Filipino, was elected as a Director of fund on May 14, 2024. She was previously elected as Treasurer of the Company on May 9, 2017 until 2019 and is the Vice President, Group Treasurer of Vicsal Development Corporation.

She holds a B.S. Accountancy degree (Magna Cum Laude) from the University of San Carlos, and is a Certified Public Accountant. She earned her degree in Master of Management major in Business Management from the University of the Philippines in 1995 and completed a Controllership course in the Asian Institute of Management in 1998.

Prior to joining the Vicsal Group, she was with Sycip Gorres Velayo & Co.  – Ernst & Young under the Audit Group from 1988 to 1992 and Far East Bank and Trust Company under the Business Development Group in 1988. She is currently a member of the Executive Committee of Taft Property Venture Development Corporation, a Director of Pacific Mall Corporation, and a Trustee of Vicsal Foundation, Incorporated. She was also a former Director of Wealth Development Bank and Orient Asia Lending, Inc.   
VINCENT E. TOMANENG - Director and Corporate Secretary
Atty. Tomaneng, Filipino, is a Lawyer and a Certified Public Accountant, and has served as a Director and Corporate Secretary of the Fund since 2014.

He earned his Bachelor of Laws (1994) and Bachelor of Science in Accountancy (“Magna Cum Laude”) (1988) both from the University of San Carlos in Cebu City.

He is presently the Group General Counsel of Vicsal Development Corporation and the Metro Gaisano Group of Companies. Prior to joining Vicsal and Metro Gaisano Group in May 2003, he has worked with Sycip Salazar Hernandez & Gatmaitan Law Offices (1997 to 2003) and with Sycip Gorres Velayo & Co., CPA’s (1988 to 1996). He is currently a Director of Pacific Mall Corporation from 2010, and Corporate Secretary of Metro Retail Stores Group, Inc. from 2015,and Trustee of Vicsal Foundation, Incorporated since 2017.
HARVEY MAXWELL G. GAISANO - Director
Mr. Gaisano, Filipino, was elected as a Director of fund on May 14, 2024.

He holds a B.S. Major in Entrepreneurial Management from the University of Asia and the Pacific, and a Master of Management from the University of Sydney.

He is a Director of 5 Toes Holding Corp. since 2018, Director of BG Commodities Corporation since 2020, Director of Eastern Treasures, Inc. since 2023, and Director of Platinum Holdings, Inc. since 2024. He is also the Chief Finance Officer of Master Prime Holdings Corp.
BRIAN M. DEVILA - Treasurer
Mr. Devila, Filipino, was elected as the Treasurer of Fund on May 11, 2021. He holds a B.S. Accountancy Degree from the University of Perpetual Help System DALTA – Molino Campus and is a Certified Public Accountant. Currently, Accounting Manager of AB Capital & Investment Corporation since 2016. Prior to joining AB Capital, he worked with Vicsal Investment, Inc., Prople BPO Company and Fortune Life insurance Co., Inc.