4 new MIC directors sworn in

The Maharlika Investment Corp. (MIC), the investment arm of the Maharlika Investment Fund (MIF), has four new directors, the Presidential Communications Office (PCO) said.

In a statement on Wednesday, December 20, the PCO announced that Vicky Castillo Tan, Andrew Jerome Gan, German Lichauco, and Roman Felipe Reyes were sworn in as MIC directors.

Tan, who worked at the Asian Development Bank (ADB) from September 2002 to January 2021 in various capacities as senior financial and budget management officer, held positions for different banks, investment, and financial institutions such as Citibank, AIG Philam Bank Inc., and Chinatrust (Philippines) Commercial Bank Corp.

Prior to her appointment to the MIC, Tan served as Steelasia Manufacturing Inc.’s deputy president and Maybank Inc.’s independent board of director and chairperson of its Corporate Governance Committee.

Gan is a member of the Board of Directors, the Audit Committee, and the Compensation Committee of Capital Markets Integrity Corp. (CMIC).

Lichauco was director of the Vehicle Inspection Management Solutions of Hackeye 2020 Corp. and Sharp Philippines Corp. He was the secretary for the Computerized Imaging Institute of the Makati Medical Center Foundation Inc., the Medical Doctors Inc., and the Soho Central Condominium.

Reyes is the chairman and founding partner of Reyes Tacandong & Co. and a director of Radio Philippines Network Inc. (RPN-9), Pampanga Sugar Development Co. (Pasudeco), the All-asian Countertrade, Philippine Geothermal Production Co., and Converge ICT Solutions Inc.

Last month, Marcos appointed Rafael Consing Jr. as president and chief executive officer (CEO) of the MIC, created under Republic Act (RA) No. 11954, to serve as “the primary vehicle for mobilizing and utilizing the MIF for investments in transactions aimed at generating optimal returns on investments (ROIS).”