• BDO Capital president named IAFEI vice chair

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    A TOP executive of the investment banking arm of Henry Sy-led BDO Unibank Inc. has been elected vice chairman of the International Association of Financial Executive Institutes (IAFEI).

    Eduardo V. Francisco, president of BDO Capital & Investment Corp., is the second Filipino to earn a seat in the prestigious financial organization after Conchita L. Manabat, who served as IAFEI’s chairperson from 2005 to 2006.

    “I am quite honored to be only the second Filipino elected as vice chair of IAFEI. I hope to bring prestige to BDO and the rest of the Philippines,” Francisco said in a statement.

    “From a business standpoint, this position will further boost BDO’s exposure and awareness in financial management in the face of ever-changing business conditions,” he added.

    Founded in 1969, IAFEI is a non-profit, non-political society of financial executives around the globe based in Switzerland, with its secretariat located in the Philippines.

    The society connects financial executives all over the world with more than 15,000 senior level finance executives as members, mainly chief financial officers across 18 national institutes.

    Members of IAFEI national institutes are mainly executives engaged in financial policy making and control in leading businesses, sharing a common interest in financial management, financial accounting and reporting.

    Aside from Francisco from the Philippines, the new IAFEI executive committee consists of Fausto Cosi from Italy as chairman; Armand Angeli from France as area president for Europe, Middle East and Africa; Hirohaki Endo from Japan as area president for Asia; Juan Alfredo Ortega from Mexico as area president for the Americas; Saiful Haq Manan from Indonesia as treasurer; and Lucia Fracassi from Italy as secretary.

    BDO Capital is one of the prominent names locally in arranging big ticket deals, loans, listings, capital raisings and other related services in the Philippines, which helps boost the country’s economic activities.

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