Ty family’s GT Capital names Francisco Sebastian as new chairman
GT Capital Holdings, Inc. (GT Capital) today announced the appointment of Francisco Sebastian as Chairman of the company’s Board of Directors.
“The change in GT Capital’s chairmanship signals the Group’s initiative and commitment to further professionalize its leadership moving forward. With Mr. Sebastian at the helm, we are confident that GT Capital will continue to prosper and contribute to nation building,” said Arthur Ty, the former GT Capital chairman.
Ty will continue to be a director of GT Capital and the chairman of Metrobank while concurrently holding various board positions in other component companies of the Group.
Prior to the appointment, Sebastian was co-vice chairman of GT Capital and a member of the holding company’s executive committee.
He has been with the holding company for the past 25 years, starting in 1997 as president and eventually chairman of Metropolitan Bank and Trust Company’s (Metrobank) investment banking arm, First Metro Investment Corp. (First Metro). He concurrently serves as vice chairman of Metrobank and a director of Metro Pacific Investments Corporation (MPIC) and Federal Land, Inc.
Before joining the Metrobank Group, he worked in Hong Kong for 20 years from 1977. He also had experience working as an investment banker for Ayala International Finance Limited and Filinvest Finance (HK) Ltd.
GT Capital, the holding company of the Ty family, is listed in the Philippine Stock Exchange (PSE) with interests in market-leading businesses across banking, automotive assembly, importation, dealership, financing, property development, life and general insurance, and infrastructure. The conglomerate owns and has significant shareholdings in companies like Metrobank, Federal Land, Toyota Motor Philippines Inc. (TMP), Philippine AXA Life Insurance Corporation (AXA Philippines), and Sumisho Motor Finance Corporation
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