Philequity Fund, Inc. Directors


IGNACIO B. GIMENEZ - Chairman and President    

Mr. Gimenez is currently the President of I.B. Gimenez Securities Inc., and Buy & Sell Free Ads Publishing.  He is also a Director of Yehey! Corp., eBusiness Services Inc. and Vantage Equities Inc.  He is also the Vice President - Trustee of the Investment Company Association of the Philippines (ICAP).  He is also a Market Integrity Board Member of the Philippine Stock Exchange Center.  He holds a graduate degree in Business Administration from Asian Institute of Management (1970) and a college degree from University of the Philippines (1967).


Mr. Sy is currently the Chairman and Chief Executive Officer of both Vantage Equities Inc. and e-Business Services Inc.  He is also currently the Chairman of Yehey! Corporation. He is currently the President of Equinox International Corp.  And He is also currently a director of Wealth Securities Inc.  He was the Regional Manager of Duferco International Trading Ltd., Taiwan (1987 - 1995) and Erlanger Metals Ltd., Hong Kong (1979 - 1986).  All these companies are engaged in trading of steel. He holds a degree in Industrial Management Engineering from the De La Salle University.


Mr. Esteban was elected Director last June 27, 2000. His present business affiliation includes: (a) Research Fellow, Center for Research and Communication Foundation, Inc; (b) Trustee and Professor, University of Asia and the Pacific; (c) Chairman, AMEIC Working Group for HRD Development; (d) Director, Strategic Business Economics Consulting Group, Inc., Bank Wise, Metro Pacific Corporation, AB Capital and Investments Corporation, Mantrade Development Corporation and Inkwell Publishing Co., Inc. Mr. Esteban graduated from the University of the Philippines receiving LLB Degree in 1959 and is a member of the Philippine Bar Association. He received his MBA Degree in 1965 from Wharton School of Finance and Commerce and the University of Pennsylvania. He received his Masters in Business Economics Degree in 1975 from the Center for Research and Communication.

Mr. Jayme served as executive director of the Asian Development Bank (ADB) from 1990 to 1997.  He also held positions as Secretary, Department of Finance in 1987 to 1990 and as Secretary, Department of Public Works and Highways in 1986 to 1987.  He has served as Chairman and/or Director, at one time or another, in around 40 business enterprises and corporations in the fields of banking and finance, shipping, insurance, consulting, chemicals, steel, construction, utilities and others.  He obtained his master’s degree in Economics from Ateneo Graduate School and served as a fellow to the Economic Development Institute of World Bank.

Mrs. Luym is a Director of the fund.   She is currently a Director of Banco de Oro Universal Bank and iVantage Corporation.  She is also a director of BDO Capital & Investment Corporation and Tangiers Resources Corporation.  She is the Chairman of the Board of BDO Financial Services, Inc. and AD Club, Inc.  She holds the position of Corporate Secretary of Homeworld Shopping Corporation.  She holds a Masters degree in Business Administration from the University of California Los Angeles and Bachelor of Science in Business Administration from Assumption College.

FELIPE U. YAP                          

Mr. Yap is currently the Chairman of the Board and Chief Executive Officer of Lepanto Consolidated Mining Company, Lepanto Investment & Development Corporation, Diamant Boart Philippines, Inc., Diamond Drilling Corporation of the Philippines, Far Southeast Gold Resources, Inc., Shipside, Inc. and Yapster e-Conglomerate.  He is the Chairman of the Board of First-Lepanto Taisho Insurance Corporation, Lepanto Ceramics, Inc., Pepsi Cola Products Phils., Inc. and Prime Orion Philippines, Inc.  He is the President of BA-Lepanto  Condominium  Corporation and Director of the following Philippine Corporation namely: Cyber Bay Corporation,  Manila Peninsula Hotel, Inc., Philippine Associated  Smelting and  Refining  Corporation, Philippine  Fire and  Marine  Insurance Corporation, South China Petroleum & Exploration, Inc., Zeus  Holdings,  Inc.  He also holds membership in the following organizations:  Management Association of the Philippines, The Conference Board , and  Makati Business  Club. He holds a degree in B.S. Philosophy from University of  San CarlosCebu  City.


Mr. Yu is currently the Chairman of the following: (a) CATS Motors Inc. (b) CATS Asian Cars Inc. (Mazda Greenhills) (c) CATS Automobile Corp; Chairman and President of Lucky Star Network Communications Corporation.  He is concurrently a director of the following companies: (a) Iremit Inc. (b) Filcredit Finance & Capital Dev't Corp. (c) Nexus Technologies Inc. (d) Jupiter Systems Inc. (e) Wordtext Systems Inc. (f) Yehey! Corp. (g) R.S. Lim & Co., Inc.  He is also a trustee of Xavier School and Xavier School Educational and Trust Fund Inc.  He is also currently the Vice Charman of the Board and Chairman of the Executive Committee of Sterling Bank of Asia.

Mr. Yu was a Director and Officer in several public companies until 2001 which includes the following: (a) Belle Corporation as the President and Chief Executive Officer; (b)  Sinophil Corporation as  President and Chief Executive Officer; and (c)  APC Group Inc. as Vice-Chairman.  Until 2001, he was also President of the following companies: (a) Tagaytay Highlands International Golf Club;  (b) The Country Club at Tagaytay Highlands; (c) Tagaytay Midlands Golf Club; and (d) Pacific Online Systems Corporation.  He was Chairman of Belle Jai Alai Corporation and Vice Chairman of Philippine Global Communications, Inc.  He was a Director of Corporate Finance, Chase Manhattan Limited, Hong Kong and was Vice President for Area Credit of the Chase Manhattan Bank, N.A., Asia Pacific Regional Headquarters, Hong Kong.  Previous to that, he was 2nd Vice President of the Manila Offshore Banking Unit of the same bank.  He was a director and member of the Executive Committee and Audit Committee of The International Exchange Bank.  He was also the Chairman and President of Philequity Fund, Inc.  

He graduated from De la Salle University with a Bachelor of Arts in Economics (Honors Program 1978), summa cum laude.  Mr. Yu holds a graduate degree in Business Administration from Wharton School, University of Pennsylvania (1983) where he was in the Director’s Honor List.



A mutual fund investment involves risk. The value of the fund may go up and down. Returns from this investment are not guaranteed by Philequity Management, Inc. Any gains or losses from the investment are solely for the account of the investor. Past performance is not necessarily a guide to future performance. A mutual fund is not a deposit product and is not insured with the Philippine Deposit Insurance Corporation (PDIC).