GT Capital Appoints New Chief Financial Officer

(28 June 2024. Makati City, Philippines.) GT Capital Holdings, Inc. (GT Capital/ GTCAP) today announced the appointment of Mr. George S. Uy-Tioco, Jr. as its Chief Financial Officer.

Mr. Uy-Tioco, Jr. was the Head of Corporate Finance of ING Bank N. V. Manila Branch from June 2021 to March 2024. Prior to this, he was the Head of Mergers and Acquisitions of BPI Capital Corporation from 2013 to 2021. Mr. Uy-Tioco, Jr. has a proven, robust finance and investment background with over 25 years of experience in investment banking, asset management, business development, and general management. He has handled key transactions on mergers and acquisitions, and possesses invaluable financial advisory experience across various sectors, including banking, energy, and telecommunications, among others.  He holds a Master’s degree in Business Administration from the Darden Graduate School of Business of the University of Virginia in the US and a Bachelor of Science degree in Management Engineering from the Ateneo de Manila University.

Mr. Uy-Tioco, Jr. will assume the role of GT Capital Chief Financial Officer following the retirement of Mr. Francisco H. Suarez, Jr.

Mr. Suarez was appointed as GT Capital’s CFO on February 16, 2012. During his 12 years of service, he effectively oversaw the launch of the company's initial public offering, two top-up private placements, two retail bond issuances, multiple bilateral fixed-rate Peso term loans, two series of perpetual preferred shares, and a Japanese yen-denominated loan. He successfully managed the execution of GT Capital’s investments in acquisitions of its operating companies during the conglomerate’s consolidation period. Additionally, he held positions as Director and Adviser on the boards of several GT Capital Group operating companies, where he actively guided the management of their financial performance and the securing of funding requirements.

“We take this opportunity to sincerely thank Mr. Suarez for his dedication and valued contribution to GT Capital.  We also warmly welcome Mr. Uy-Tioco, Jr. to the company and look forward to his valuable insights and contributions to our conglomerate, given his wealth of experience in finance and investment”, GT Capital President Carmelo Maria Luza Bautista said.