Bea Zobel’s son levels up: Jaime Urquijo replaces uncle Fernando Zobel as BPI director

A next generation Zobel de Ayala has been deemed ready to take on a bigger role in a blue chip firm in the family’s business empire.

Jaime Zobel Urquijo was named director of Bank of the Philippine Islands in place of his uncle, bilyonaryo Fernando Zobel de Ayala, who resigned from the Ayala group ten days ago due to unspecified health reasons.

Former BPI president Cezar Consing has been named as BPI’s new vice chairman in place of Zobel.

The appointment of Urquijo is subject to the approval of the Monetary board. This will be his second directorship in a publicly-listed firm after ACE Enexor.

The son of Bea Zobel Jr. is currently a senior manager of Ayala Corp. and assistant vice president for business development at AC Energy.

Although his main focus is in Ayala’s energy projects, Urquijo has also served as director in finance (director of BPI AIA Life Assurance and BPI/MS Insurance) and digital (business development head of AF Payments which developed the beep card for LRT and MRT).

The University of Notre Dame and INSEAD alumnus started his career in J.P. Morgan in New York where he worked as analyst and associate from 2010 to 2013.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.