Bong Consing officially appointed as Ayala Corp. president, CEO

Ayala Corp. on Wednesday announced the appointment of Cezar “Bong” Consing as its president and chief executive officer, officially taking over the post vacated by Fernando Zobel de Ayala.

Consing was first appointed as interim chief on August 15, after Zobel de Ayala took a medical leave of absence. Zobel de Ayala has since resigned from his position in the conglomerate and other companies under the group to focus on his health and recovery.

Prior to his appointment, Consing served as president and CEO of the Bank of the Philippine Islands (BPI) from 2013 until his retirement in 2021.

He also worked with JP Morgan & Co. in Hong Kong and Singapore from 1985 to 2004, and headed the firm’s investment banking business in Asia Pacific from 1997 to 2004.

Consing also served as partner at the Rohatyn Group from 2004 to 2013, heading its Hong Kong office along with its investing business in Asia. He was also a board of director in its real estate and energy, and infrastructure private equity investing units.

Ayala Corp. also announced the appointment of Mercedita Nolledo as a non-executive director to serve Zobel de Ayala’s unexpired term.

She was previously the board director of Ayala from 2004 to 2010, and BPI from 1991 to 2021. She is also a member of the board of trustees of Ayala Foundation Inc., BPI Foundation Inc., the advisory board of Ayala Land Inc., and the BPI Advisory Council.

Ayala Corp. has principal business interests in real estate and hotels; financial services and insurance; telecommunications; water; industrial technologies; power; and automotive, outsourcing, among others. —KG, GMA News