First Metro appointed Benedicto Jose Arcinas as its new vice chairman and Jose Pacifico Marcelo as its new independent director during the company’s board meeting held on September 26, 2022.
Prior to his appointment as vice chairman of the board of directors, Mr. Arcinas was an independent director of First Metro from May 2021 to September 2022. He succeeded Mary Mylene Caparas, who is now the board chairperson. Mr. Marcelo, on the other hand, replaced Atty. Raphael Perpetuo Lotilla, who has been appointed as Secretary of Energy.
Mr. Arcinas is a seasoned professional with over 30 years of experience in the finance and banking industry. He is currently the president and managing director of Arcinas Freres, Inc. and an independent director of Philippine Savings Bank since April 2012.
Mr. Arcinas is a graduate of Bachelor of Science in Business Economics from the University of the Philippines and obtained a Master of Science in Management from the Arthur D. Little Management Education Institute in Cambridge, Massachusetts.
A highly experienced investment banker, Mr. Marcelo is not new to First Metro as he was formerly head of the Investment Banking Group for 15 years.
He has a Bachelor’s degree in Business Economics from the University of the Philippines and an MBA from the Asian Institute of Management.