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.
MARGARET GAISANO-ANG - President
Ms. Ang, Filipino, has served as Director of the Fund from September 2003 up to present.

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 Retails Stores Group, Inc from 2003; President of Grand Holidays, Inc from 1980; Director and Corporate Secretary of Taft Property Venture Development Corporation from 1992; Vicsal Securities and Stock Brokerage, Inc from 1990, Midland Development Corporation from 1991 and Pacific Mall Corporation from 2001; Director of Manila Water Consortium, Inc from 2012; and Trustee of Vicsal Foundation, Incorporated from 1996.
FRANK S. GAISANO - Director
Mr. Gaisano, Filipino, has served as a director of the Fund since September 2003 up to the present.

He is a holder of a Bachelor of Science degree in Civil Engineering which he received from the Cebu Institute of Technology and is a licensed Civil Engineer.

He also serves as Director of Vicsal Development Corporation from 1982; Chairman of the Board and Chief Executive Officer of Metro Retail Stores Group, Inc from 2012; Chairman of AB Capital and Investment Corporation from 2012 and Chairman of Pacific Mall Corporation from 2001; President of Vicsal Securities & Stock Brokerage, Inc from 1990; Director of Taft Property Venture Development Corporation from 1992, Taft Punta Engaño Property, Inc from 2011, HTLand from 2014, Midland Development Corporation from 1991, and Grand Holidays, Inc from 1980; and a Trustee of Vicsal Foundation, Incorporated from 1996.
JOHN G. TAN - Independent Director
Mr. Tan, Filipino, has served as a Director of the Fund since February 2008.

He holds a Bachelor of Arts degree in Human Resources Management from De La Salle-College of Saint Benilde. Currently, he serves as a Director of Tanduay Distillers, Inc and PAL Holdings and a fellow in the Institute of Corporate Directors.

He was a member of the Board of Philippine National Bank from 2009 to February of 2013. Director of PNB Remittance (Company) Canada and Financial Co., HK, Board of Advisor at PNB Remittance Center, Inc. He served as Vice President of Lancolm Realty Corporations for 12 years and Vice President for Operations of Philippine Airlines from 2007 to 2009.
ALJIM C. JAMANDRE - Director
Mr. Jamandre,Filipino, has served as a Director of the Fund from 2004-2009. He was reelected as a Director in 2014 and up to the present.

He holds a B.S. Accountancy degree (Cum laude) from the University of San Carlos, MDP from the Asian Institute of Management, and a Certified Public Accountant. Currently, Group Financial Officer of Vicsal Development Corporation; Director of Wealth Development Bank Corporation from 2003, Director of AB Capital & Investment Corporation from 2014, and Director of Pacific Mall Corporation from 2010; and a Trustee of Vicsal Foundation, Incorporated from 2006.
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.
MARY JENNIFER V. MUSNI - Treasurer
Ms. Musni, Filipino, was elected as the Treasurer of the Fund on May 9, 2017.

She holds a BS Accountancy Degree (Magna Cum Laude) from the University of San Carlos, and is a Certified Public Accountant.

She is the Group Treasurer of Vicsal Development Corporation since 2011 until the present.
EDWARD S. GO - Independent Director
Mr. Go has served as a director of the Fund since 2004 up to the present.

He holds a Bachelor of Arts degree from Ateneo de Manila University (magna cum laude).

He is also the Chairman of the Board of Directors of Hyundai Asia Resources, Inc and Chairman of the Board of Trustees of ASA Philippines Foundation; Independent Director of various corporations including among others; Metro Pacific Investment Corporation, PLDT Communications & Energy Ventures, Inc. (PCEV), Union Galvasteel Corporation, Trans-Asia Petroleum Corporation, Vicsal Investment, Inc. and AB Capital Investment Corporation, Mediaquest Holdings, Inc., TV5 Network , Inc., Cignal TV, Inc., BusinessWorld Publishing Corp., and Philstar Daily Inc and is Chairman and Trustee of the PLDT Beneficial Trust Fund (BTF). He also served as a trustee of the board of trustees of the Ateneo de Manila University for sixteen years until 2014, and as Chair of said board during the last four years of his tenure.