Listed holding firm elects Pag-IBIG CEO, former BDO president to key posts

The holding company Alterra Capital Partners Inc. (ALT) on Monday elected a former president of Banco de Oro and the CEO of state-run Home Development Mutual Fund (Pag-IBIG) to key positions.

"On 9 January 2017, the company elected Mr. Exequiel P. Villacorta Jr. as the Chairman and Ms. Darlene Marie B. Berberabe as a member of the company's Audit Committee," ALT said in a regulatory filing. Villacorta was also elected as a member of the Compensation Committee.

Berberabe is the president and CEO of the Pag-IBIG Fund, a national savings program that offers affordable housing finance for government and private sector employees.

According to the Pag-IBIG Corporate Planning Department, Berberabe still serves as chief executive officer of the government-owned and -controlled corporation Home Development Mutual Fund.

Villacorta was the president and CEO of Banco de Oro from 1984 to 1996, president and CEO of TA Bank from 2001 to 2002, senior adviser and BSP Controller of Equitable PCI Bank Inc. from February 2001 to January 2002, and senior adviser and BSP Controller of the Philippine Bank of Communications from December 2003 to June 2004.

He currently serves as a director on the board of BDO Leasing and Finance Inc., and the Premiere Leisure Corp. — VS, GMA News