Our Business | Filipino Fund, Inc.

About

Our Business

Filipino Fund, Inc. (FFI) is a publicly listed closed-end investment company dedicated to delivering long-term capital growth. Guided by prudent investment strategies, FFI manages a diversified portfolio composed of high-quality Philippine equities, marketable fixed income instruments, and select real estate assets. With a strong legacy and a commitment to value creation, FFI continues to provide shareholders with an accessible platform for participating in the country’s economic potential.

SHARE HOLDER STRUCTURE

Filipino Fund, Inc. maintains a stable and strategic shareholder base, anchored by its majority shareholder, Vicsal Development Corporation, which holds a controlling interest acquired through a tender offer in 2003. The Fund’s ownership structure reflects a balance of institutional strength and public participation, supporting its long-term vision and commitment to shareholder value. With shares publicly traded on the Philippine Stock Exchange, FFI remains accessible to investors seeking exposure to a professionally managed, diversified investment portfolio.

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Our organizational chart

Filipino Fund, Inc. (FFI) operates under a clear and efficient organizational structure designed to uphold sound governance and effective management of its investment operations. At the top of the structure is the Board of Directors, composed of experienced professionals who provide strategic direction and oversight. The Board is supported by specialized committees, such as the Audit Committee and Corporate Governance Committee, to ensure transparency, compliance, and accountability.

Day-to-day operations are led by the President and Chief Executive Officer (CEO), who is responsible for executing the company’s investment strategies and operational goals. Reporting directly to the CEO are key executives overseeing core functions, including Finance and Accounting, Investment Management, Compliance and Legal Affairs, and Investor Relations.

FFI also partners with reputable external service providers, such as Fund Managers, Custodians, Transfer Agents, and Independent Auditors, to support its investment operations and safeguard shareholder interests.

This lean and focused organizational setup enables FFI to operate with agility while maintaining the highest standards of corporate governance and fiduciary responsibility.

Board of Directors & Management Team

Board of Directors & Management Team

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).

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 comp.

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.

Articles of Incorporation

Year	Title	File
2014	ARTICLES OF INCORPORATION AMENDED	Preview
2013	ARTICLES OF INCORPORATION AMENDED	Preview
2002	ARTICLES OF INCORPORATION AMENDED	Preview

BY-LAWS AND AMMENDMENTS

Year	Title	File
2013	BY-LAWS AMENDMENT	Preview
2003	BY-LAWS AMENDMENT	Preview