AURELIO LUIS R. MONTINOLA III (64 years old)Non-Executive Director Chairman of the Board

Aurelio R. Montinola III, Filipino, is a Director of Bank of the Philippine Islands (BPI). His other affiliations, among others include, Chairman, Far Eastern University; Chairman, WWF International; Vice Chairman, Philippine Business for Education; Director, BPI/MS Insurance Corporation; Trustee, Makati Business Club; and Member, Management Association of the Philippines.

He graduated with BS Management Engineering at Ateneo de Manila University in 1973. He received his MBA at Harvard Business School in 1977.

His past affiliations include being President of Bank of the Philippine Islands for 8 years, President of the Bankers Association of the Philippines for 4 years, President of the Alliance Francaise de Manille for 7 years, and Trustee of the International School of Manila for 4 years.

DARREN THOMSON (53 years old)Non-Executive DirectorVice-Chairman

Darren is currently the Director of Partner Development and prior to this new role, he was the Regional CEO for Partnership Distribution in the AIA Group office since January 2014. In that role, Darren was responsible for the Group Partnership Distribution function as a strategic business unit, providing best-in-class capabilities required to become the preferred partner in Asia for leading banks, IFA’s and HNW and affinity groups.

As Regional CEO, he leads and works with the local CEOs in building out their partner distribution strategy along with a regional team to provide a clear value proposition and execution roadmap to deliver a consistently high quality value add service to AIA’s partners and customers across all of Asia-Pacific. He is also responsible for leading the team to unlock and develop new opportunities in Bancassurance, Direct marketing, High net worth, IFA/Brokers and Institutional businesses.

Prior to joining the Group, Mr. Thomson was Regional Head, Strategic Channel Development – President and CEO – Manulife Singapore, Chairman – Manulife Asset Management Singapore. He has also worked for Prudential plc in Asia and in the UK.

ARIEL G. CANTOS (56 years old)Executive DirectorChief Executive Officer

Ariel G. Cantos, is the President and Chief Executive Officer of BPI-Philam Life Assurance Corporation. Mr. Cantos is a member of the Board of Directors of Philam Life, and sits as a Trustee in Philam Foundation, Ayala-FGU Alabang and Ayala-FGU Makati Condo Corporation. Mr. Cantos is a member of the board of directors of Philamlife and BPI-Philam Life Assurance Corporation, a director of the Philippine Life insurance Association, and sits as a Trustee in Philam Foundation, Ayala FGU Alabang and Ayala FGU Makati Condo Corporation.

Before his current appointment, Mr. Cantos was Senior Vice President and Chief Agency Officer of Philam Life. He has had an enriching and successful career in Philam Life’s Agency Distribution Channel, which he served for close to 30 years. He held various positions within the channel such as: Profit Center Head of Accident & Health Products; Director of Manila Agencies; and Director of Provincial Agencies.

He graduated with a Bachelor’s Degree in Economics, Honors Program, at the Ateneo De Manila University, Loyola Heights, Quezon City.

BOARD OF DIRECTORS

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J. AXEL BROMLEY (47 years old)Non-Executive Director

Mr. Axel Bromley is the Chief Executive Officer of The Philippine American Life and General Insurance Company (Philam Life). He holds various positions within the Philam Group Boards such as: Chairman of Philam Foundation; Chairman of Philam Asset Management; Inc.; Chairman of Philam Equitable Life Assurance Company; and Director of BPI-Philam Life Assurance Corporation.

Prior to his appointment as CEO of Philam Life, Mr. Bromley served as Director of Strategic Initiatives at AIA Group Limited, Philam Life’s parent company. Before joining AIA, Mr. Bromley was the General Manager of MetLife Ukraine from 2012 to 2014. He started his career in the insurance industry as a Management Associate for AIG ALICO in 2002 and worked his way up as a Broker Relations Manager, Profit Center Manager of Accident and Health Products then Regional Agency Executive in ALICO Dubai, General Manager of MetLife ALICO in Nepal, and Country Manager of MetLife Qatar.

Mr. Bromley earned his Bachelor’s degree in International Relations with a Near Eastern Studies emphasis at Brigham Young University in Utah, USA in 1995. He received a dual masters degree in International Management and Masters of Business Administration (with honors) at Thunderbird School of Global Management and Arizona State University, respectively, in 2002. Mr. Bromley is fluent in Arabic, Spanish, and Vietnamese.

CEZAR P. CONSING (56 years old)Non-Executive Director

Cezar “Bong” Consing is President and CEO of Bank of the Philippine Islands (“BPI”).From 2004 to 2013, Mr. Consing was a Partner with The Rohatyn Group, a New York headquartered investment management company that manages about $5.5 billion in investments in the global emerging markets. He was responsible for the firm’s private equity business in Asia, managing its Hong Kong based operations, and was a member of the board of partners of the firm’s management company.

Mr. Consing was an investment banker with J.P. Morgan & Co. from 1985 to 2004, where he was based in Hong Kong and Singapore. From 1999 to 2004, he was President of J.P. Morgan Securities (Asia Pacific) and, as a senior Managing Director, co-headed or headed the firm’s investment banking group in the Asia Pacific region. As an investment banker, Mr. Consing was directly involved in some of the most significant corporate transactions in Asia, including several mergers, privatizations and debt and equity fund raisings. Mr. Consing worked for BPI in Manila in corporate planning and corporate banking from 1980 to 1985.

Mr. Consing served as an independent director of the boards of CIMB Group Holdings Berhad and CIMB Group Sdn. Berhad from 2004 - 2012 and First Gen Corporation, a major Philippine power generation company, from 2005 - 2013. He has been an independent director of the board of Jollibee Foods Corporation since 2010. He served as a board director of BPl from 1995 - 2000, 2004 - 2007, and most recently since 2010. He received an M.A. in Applied Economics from the University of Michigan, Ann Arbor, in 1980.

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NATIVIDAD N. ALEJO (57 years old)Non-Executive Director

Natividad N. Alejo, President of BPI Family Savings Bank joined BPI in 1979. She has been an Executive Vice President and Group Head of Retail Banking from 2012 to Feb. 28, 2015. She has served as Senior Vice President and Consumer Banking Group Head from 2007 to 2011. She has also served as the President and Director of BPI Capital Corporation and BPI Securities Corporation from 2001 to 2006. She has been a President of the Investment House Association of the Philippines in 2004 to 2006. She also holds the following positions: Director of BPI Family Savings Bank, Inc., BPI Direct Savings Bank Inc., BPI Operations Management Corporation, Beacon Property Ventures, Inc., BPI-Philam Life Assurance Corporation, Santiago Land Development Corp., FEB Speed International, Inc., International Finance Ltd. and she’s with An Waray Party List. She graduated with AB Economics degree (Summa cum Laude and Gansewinkle Scholastic Trophy Awardee) from the Divine Word University, Tacloban City in 1976. She took up MA Economics at University of the Philippines in 1978 and completed the Advanced Management Program at Harvard Business School in Fall of 2005.

ROMEO L. BERNARDO (59 years old)Independent Director

Mr. Bernardo is Managing Director of Lazaro Bernardo Tiu and Associates (LBT), a financial advisory firm based in Manila. He is also a GlobalSource economist in the Philippines. He is Chairman of ALFM Family of Funds and Philippine Stock Index Fund. He is likewise a director of several companies and organizations including Aboitiz Power, BPI, Globe Telecom Inc., RFM Corporation, Philippine Investment Management, Inc. (PHINMA), Philippine Institute for Development Studies

(PIDS), National Reinsurance Corporation of the Philippines and Institute for Development and Econometric Analysis. He previously served as Undersecretary of Finance and as Alternate Executive Director of the Asian Development Bank. He was an Advisor of the World Bank and the IMF (Washington D.C.). Mr. Bernardo holds a degree in Bachelor of Science in Business Economics from the University of the Philippines (magna cum laude) and a Masters Degree in Development Economics at Williams College from Williams College in Williamstown, Massachusetts.

JESUS P. TAMBUNTING (78 years old)Independent Director

Ambassador Jesus P. Tambunting is the Chairman of PDB Properties, Inc. a property development company specializing in medium-cost housing projects in Metro Manila, South Luzon and Central Luzon. He was Chairman of Planters Development Bank (Plantersbank), the country’s leading bank for Small and Medium Enterprises (SMEs), which he founded in 1971. Ambassador Tambunting also served as Chairman of the Board of Small Business Corporation (SBCorp), the agency under the Department of Trade and Industry tasked with promoting the growth of the SME sector.

Ambassador Tambunting is the Co-Chairman of the Philippine-British Business Council, member of the Philippine-US Business Council, and member of the Board of Trustees of the Carlos P. Romulo Foundation, PinoyMe Foundation, ABS-CBN Bayan Foundation, Philippine Business for Education (PBED) and the Makati Medical Center Foundation. He is a member of the Makati Business Club National Issues Committee. From 2004 until May 2008, he served as Chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), a regional organization of 127 development banks and institutions in 44 countries. He was elected to the Board of Directors of BPI-Philam Life Assurance Inc. in 2009.

Ambassador Tambunting served as the Philippines’ Ambassador Extraordinary and Plenipotentiary to the United Kingdom of Great Britain and Northern Ireland from 1993 to 1998. At the same time he concurrently served as Ambassador to the Republic of Ireland and as Permanent Philippine Representative to the International Maritime Organization.

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Ambassador Tambunting has held key positions in private institutions, including Chairman of Hambrecht and Quist Asia Pacific and Director on the Board of Globe Telecom, Inc. and the Makati Business Club, respectively. The Ambassador also had stints as President of organizations such as the Philippine Ambassadors Foundation Inc., Management Association of the Philippines, Chamber of Thrift Banks, the Development Bankers Association of the Philippines and the Manila Polo Club.

Ambassador Tambunting was conferred Master Entrepreneur and Entrepreneur of the Year 2009 by Ernst & Young and the SGV Foundation, and inducted into the World Entrepreneur Academy in Monaco in June 2010. He also received the International Alumnus Award from the University of Maryland in April 2011, the first Ramon V. del Rosario Sr. Award in Nation Building in 2010, the Distinguished Person of the Year 2009 from the Association of Development Financing Institutions in Asia and the Pacific , the Management Man of the Year 2003 from the Management Association of the Philippines, the Lifetime Achievement Award for 2005 from the Asian Bankers Association, the Distinguished Service Award from the Department of Foreign Affairs and “Knight Commander with Star” from the Equestrian Order of the Holy Sepulchre of Jerusalem in 2008.

The Ambassador earned his Bachelor of Science degree in Economics from the University of Maryland. Prior to that, he had obtained his secondary education from the Culver Military Academy in Indiana and his elementary education from the Ateneo de Manila University.

SURENDRA MENON (57 years old)Non-Executive Director

Surendra Menon is the Regional Director for Bancassurance of the AIA Group. As a catalyst in the Bancassurance industry, he has built and developed various profitable businesses in Asia including Indonesia, Singapore, and the Philippines. Menon joined AIA (formerly AIG) in 2003 and was responsible for acquisition of 10 partnerships in Indonesia including BCA, CIMB, and ANZ. He is currently the subject matter expert for the AIA group in bancassurance and supports the management of BPI-Philam to transform the business into one of the leading life insurance companies in Philippines. Prior to joining AIA, Menon worked in DBS Bank, BDNI Life, and the Insurance Corporation of Singapore (now known as Aviva in Singapore). He was also a director of GT Asset Management forming the first mutual fund in Indonesia and was a police inspector in the Singapore Police Force when serving his national service.

He graduated with a Bachelor’s Degree in Actuarial Sciences at the Macquarie University in Sydney, Australia. He also earned a Certificate in Actuarial Techniques from Institute of Actuaries in London, a Penasehat Investor (Investment Manager’s License) in BAPEPAM (Indonesian Stock Exchange) and an Associate in Financial Planning in Financial Planning Association of Singapore.

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SIMON R. PATERNO (57 years old)Non-Executive Director

Mr. Paterno heads the BPI Financial Products Group. He is responsible for managing the product businesses of the Bank, including Investment Banking, Corporate Loans and Transaction Banking, Retail Lending, Payments, Asset Management and Trust, Channels, and Deposits. He also oversees subsidiaries and affiliates in insurance, leasing, and merchant acquiring. He is a member of the Management Committee of BPI.

Mr. Paterno is a former President and CEO of the Development Bank of the Philippines, serving from 2002-2004. He worked for 18 years at the New York, Hong Kong, and Manila offices of J.P. Morgan, serving finally as Managing Director in charge of sovereign clients during the Asian Financial Crisis of 1997-98, and as Country Manager for the Philippines until 2002.

He also worked for 8 years at Credit Suisse as Managing Director and Country Manager for the Philippines.

Mr. Paterno obtained his MBA from Stanford University in 1984. He was awarded his A.B., cum laude, Honors Program in Economics from Ateneo de Manila University in 1980. In 2005, he was elected President of the Management Association of the Philippines. He serves on the boards of the Foundation for Economic Freedom, Manila Polo Club and Ateneo Scholarship Foundation. He was named a TOYM awardee for Investment Banking in 1999.

TERRENCE CUMMINGS (50 years old)Non-Executive Director

Terrence Cummings is Head of AIA Vitality in AIA Group. In 2013, he joined AIA Group as the Regional Director of Business Development in the Regional Chief Executive’s Office of AIA, based in Hong Kong. Terrence has over 20 years

Board Support

of international life insurance experience covering Asia, the Middle East, Europe, and North America. Terrence has held senior management positions including Chief Operations Officer, Chief Marketing Officer, and Chief Actuary with major multinational life insurers and consulting firms. Terrence’s areas of practice include product development, distribution, and marketing, operational efficiency, financial reporting, mergers, acquisitions, and distribution agreements. Terrence is a Fellow of the Society of Actuaries. Terrence holds a Bachelor of Science in Actuarial Science from The University of Iowa.

CARLA J. DOMINGOCorporate Secretary

Atty. Domingo is currently the Head of Legal & Corporate Secretary of The Philippine American Life and General Insurance Co (Philam Life). She also serves as the Corporate Secretary of BPI-Philam Life Assurance Corporation (formerly Ayala Life).

She was also the Corporate Secretary of various Philam companies from 2008 to January 2014, to wit: Philam Equitable Life Assurance Company; Philam Properties Group of Companies; Philam Asset Management Inc.; Philam Call Center Services, Inc.; the Tower Club, Inc. and Philam Foundation, Inc.

Atty. Domingo is a member of the Integrated Bar of the Philippines, and a Fellow of the Institute of Corporate Directors. Atty. Domingo is a graduate of the University of the East, with a Bachelor of Arts degree major in Political Science, where she graduated Magna Cum Laude. She took her Bachelor of Laws degree in San Beda, College of Law.

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