Cirtek Holdings Philippines Corp., a listed electronics and wireless broadband manufacturing firm, is strengthening its roster of directors by hiring a prominent investment banker as vice chairman and president, and a Silicon Valley pioneer as adviser.
Cirtek on Monday said it appointed Roberto Juanchito Dispo as its vice chairman and president. Dispo is a longtime investment banker and former president of investment bank First Metro Investment Corp.
Other than Dispo, Cirtek got Diosdado Banatao as adviser to the board of directors.
Banatao is a Silicon Valley pioneer, a known expert in developing semiconductor technologies such as the five-chip set, the system logic chip set for IBM’s PC-XT and PC-AT, and a graphic accelerator chip using his invention of local bus.
The appointments took effect on Monday, January 4.
“As Cirtek moves from strength to strength and scales up its business activities, technology capabilities and geographic presence, Dado Banatao’s expertise and industry foresight will be invaluable to the company’s future,” Cirtek Chairman Jerry Liu said in a statement.
“Likewise, Jojo Dispo’s proven track record as an investment banker, capital markets expertise, and extensive business network will further strengthen Cirtek’s already very capable management team as it pursues strategic asset acquisitions here and abroad,” he added.
Banatao is a part of SiRF, where GPS as a consumer device started after it was declassified by the US government. He is also the founder and managing partner of semiconductor manufacturing firm Tallwood Venture Capital.
Dispo has been an investment banker for 18 years, and has served FMIC since 1998.
He was responsible for launching innovative products such as the OFWs Bonds, Progress Bonds, ADB Peso Bonds, and On Shore Dollar Bonds. He was also the mastermind of the country’s maiden exchange-traded fund, the First Metro Philippine Equity Exchange-Traded Fund, which was listed on the Philippine Stock Exchange (PSE) on December 2, 2013.
He became FMIC president in 2011.
Before transferred to FMIC, Dispo was a Deputy Treasurer of the Philippines and had other stints in government departments such as the Department of National Defense, Department of Trade and Industry, and Department of Finance.
He was credited for key debt and capital markets reforms such as the long-term Treasury Bonds, Bonds Re-Issuance and for putting the electronic treasury system in operation, as well as the Registry of Scripless Securities (RoSS) that led to dematerialization of physical Treasury Bills and Bonds.
Dispo recently encountered Cirtek when FMIC handled Cirtek’s P2.2-billion follow on offering as the issue manager, bookrunner and co-lead underwriter.
Cirtek is boosting its semiconductor and electronics business as it leverages on WiFi infrastructure and mobile data innovations amid the boost in mobile usage.