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Business Briefs

/ 12:24 AM February 03, 2017

New MAP president

The Management Association of the Philippines (MAP), a multi-industry organization promoting management excellence, recently inducted its 2017 board of governors led by Marife Zamora, chair of Convergys Philippines, as MAP president.

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Zamora is MAP’s 68th president and the first to come from the business process outsourcing (BPO) sector since the organization was established in 1950. A multi-awarded executive, her contributions to the BPO industry included establishing the Philippine operations of Convergys Corp., a global leader in customer management. Serving as its first country manager in 2003, Zamora was pivotal in growing Convergys to becoming the Philippines’ largest private employer.

Tan as Primeiro board adviser

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Primeiro Partners has named Lorenzo V.Tan as a board adviser, joining a leadership team composed of managing partner Stephen Sieh, board advisers Francis Ed. Lim and Tony Alvarez II.

Tan was the president and CEO of Rizal Commercial Banking Corp. from 2007 to 2016. Prior to that, he was the president and CEO of Sun Life of Canada (Philippines) Inc.  He also served as president of Philippine National Bank and United Coconut Planters Bank.

He was president of the Bankers Association of the Philippines (BAP) from 2013 to 2016.

Primeiro is an independent investment bank headquartered in Manila.

Insurer outperforms key stock index

Funds managed by Insular Life, the first and largest Filipino-owned insurance company, came out strong from last year’s roller-coaster ride for Philippine stocks, rewarding its investors with “very decent returns.”

“The peso funds outperformed the market in general,” said Vera Morales, head of Insular’s investment management division.

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Among its funds, the Growth Fund posted the highest return at 4.04 percent, followed by the Equity Fund at 3.21 percent. The Balanced Fund, a mixed exposure of equity and fixed income assets also delivered a respectable return of 2.64 percent.

Insular Life’s Variable Unit Linked products provide financial risk protection while funding family expenses as education, retirement, and estate planning.

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TAGS: Business, economy, Insular life, MAP, News, Primeiro Partners
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