Who are the Ayala brothers

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While yesterday’s massive downtrend in the Philippine Stock Market was rumored to be 50% caused by the erroneous placement of trade of ALI(Ayala Land Inc.) of the Ayala group(AC), these two brothers are seen as one of the country’s top businessmen. Please meet Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala.

He currently serves as chairman and chief executive officer of the Ayala Corporation. 

In addition to his position in the Ayala Corporation, Jaime is chairman of the Board of Directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI); vice chairman of the Board of Directors and member of the Executive Committee of Ayala Land, Inc. (ALI); vice chairman of Manila Water Co.; and co-vice chairman and trustee of Ayala Foundation, Inc.
He is also a member of various international and local business and socio-civic organizations including the J.P. Morgan International Council, Mitsubishi Corporation International Advisory Committee, Toshiba International Advisory Group, Harvard University Asia Center Advisory Committee, Board of Trustees of the Asian Institute of Management, National Council member of the World Wildlife Fund (US), and Chairman of World Wildlife Fund (Philippines). 
Honors include World Economic Forum Global Leader for Tomorrow in 1995; Emerging Markets CEO of the year in 1998 (sponsored by ING); Philippine TOYM (Ten Outstanding Young Men) Award in 1999 and Management Association of the Philippines Management Man of the Year Award in 2006. Most recently, Mr. Zobel was awarded the Presidential Medal of Merit on March 11, 2009 by Philippine President Gloria Macapagal Arroyo for “enhancing the prestige and honor of the Republic of the Philippines both at home and abroad.”

On September 27, 2007, Ayala Corp. chair Jaime Augusto Zobel de Ayala was conferred the Harvard Business School’s highest honor, the Alumni Achievement Award, by Dean Jay O. Light. The award was also given to: Donna Dubinsky, A. Malachi Mixon of Invacare, Sir Martin Sorrell of WPP Group and Hansjorg Wyss of Synthes. Jaime Augusto received his MBA from HBS in 1987. He was cited for “his innovative, entrepreneurial style of management (that) has benefited both Ayala and an island nation that faces significant social and economic challenges.” He is the first Filipino to receive this prestigious award.

The Philippine Legion of Honor with rank of Grand Commander was awarded to Jaime Augusto on June 29, 2010. This is awarded by the President of the Republic of the Philippines to recognize outstanding public service that has benefitted the republic, particularly in the preservation of the honor of the country and in nation building.
 

Jaime Augusto holds a B.A. degree in economics (cum laude) from Harvard College (1981), and an MBA from the Harvard Graduate School of Business Administration (1987). 

He  graduated from Harvard College with a Bachelor of Arts degree in 1982. He also completed a program in International Management at INSEAD in France.

Fernando is the President and Chief Operating Officer of Ayala Corporation, the holding company of the Ayala group. He is also the Chairman of Ayala Land. The Ayala Land is the Philippines’ largest real estate firm and its only complete line property developer. In addition, he is one of the leader of the boards of the other Ayala Group companies. 


Aside from serving on these various boards of the Ayala group, Fernando is an active member of business clubs and professional organizations namely the Young Presidents’ Organization in the Philippines, the Management Association of the Philippines, the Makati Business Club and the Harvard Club. He is also a member of the World Economic Forum, the Habitat for Humanity International Advisory Group for Asia Pacific, the INSEAD East Asia Council and the International Council of Shopping Centers Board of Trustees.

The Philippine Legion of Honor with rank of Grand Commander was awarded to Mr. Zobel on June 29, 2010. This is awarded by the President of the Republic of the Philippines to recognize outstanding public service that has benefitted the republic, particularly in the preservation of the honor of the country and in nation building.

Financial Freedom Advocate About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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2 comments for “Who are the Ayala brothers

  1. Anonymous
    May 1, 2012 at 10:44 pm

    ITS STRANGE THAT NOT ONE MEMBER OF THE AYALA FAMILY HAS THE FEATURES OF THE INDIGENOUS FILIPINO. AFTER 8 GENERATIONS ONE WOULD EXPECT SOME ASSIMILATION OF THE ISLANDS PEOPLE. AS FAR AS I CAN SEE THEY ALL SEEM TO BE WHITE AND OF EUROPEAN DECENT. PROBABLY SPANISH……

  2. Anonymous
    May 2, 2012 at 8:27 am

    Well they are actually Spanish in blood but I guess they going back after the troubled Philippines means one thing, their heart is in the Philippines and that makes them Pinoy. Without them there will be no BPI, Globe, and Greenbelt, and the rest of their companies that employ Pinoys and make a big chunk of the Philippine economy.

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