PHILGUARANTEE announces newly appointed, reappointed Governing Board members
National Treasurer and Philippine Guarantee Corporation (PHILGUARANTEE) Alternate Chairperson Sharon P. Almanza administered the oath of office of newly-appointed Independent Director Emmanuel G. Herbosa and reappointed Directors Stephen A. Antig and Senen L. Matoto as private sector representatives to the Governing Board of PHILGUARANTEE at the Bureau of the Treasury, on September 18, 2024.
Director Herbosa will serve until June 30, 2025. Meanwhile, Director Antig, who was previously appointed in October 2018, and Director Matoto, appointed last June 2021, will serve until June 30, 2025 as well.
Director Herbosa was the former President and Chief Executive Officer of PHILGUARANTEE prior to his designation as the head of the Development Bank of the Philippines from 2019 to 2023, where he was named “CEO of the Year” at the 2021 Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards.
With over four decades of extensive banking experience, Director Herbosa has held leadership positions in corporate banking, consumer banking, branch banking, and international banking at the Bank of the Philippine Islands and Bank of Commerce, where he was senior vice president and executive vice president, respectively. He also served as the chief operating officer of Ayala Insurance, a bancassurance subsidiary of the Ayala Group.
In addition to his banking career, he has held director roles at the De La Salle School Boards, De La Salle Brothers Fund, Inc., and P & Gers Fund, Inc. He finished his bachelor’s degree in Industrial Management Engineering from the De La Salle University, and obtained his Master’s in Business Administration from the Wharton School, University of Pennsylvania.
Representing the export community, Director Antig is a certified public accountant with over 30 years in the business of exporting fresh bananas and pineapples and pineapple products. He is the Executive Director of the Pilipino Banana Growers and Exporters Association, Inc. (PBGEA), a support arm of large banana-producing and exporting companies in the Philippines.
Director Antig finished AB Political Science from the University of San Carlos in Cebu City, and pursued a Bachelor of Science in Commerce major in Accounting. He also earned his Master’s in Business Management at the Asian Institute of Management.
A veteran banker and capital markets specialist, Director Matoto’s career includes his extensive experience in corporate governance, audit, and advisory management. He held prominent roles at BPI Group, serving as Chairman and President of BPI Securities from 1999 to 2003, and as Vice Chairperson and Director of BPI Capital Corporation from 1995 to 2003. Additionally, he contributed 29 years to the Ayala Group and served as President and COO of Prudential Bank and Prudential Investment Corporation.
An advocate for governance, Matoto has been actively involved with organizations such as the Financial Executives Institute of the Philippines, Institute of Corporate Directors, and Management Association of the Philippines, where he holds positions as Director, Fellow, and Member, respectively. He post-graduated with a Dean’s List distinction from the Asian Institute of Management and earned his Bachelor of Science in Business Administration from the
University of the Philippines.
As the principal agency for state guarantee finance of the Philippines, PHILGUARANTEE is mandated to provide credit guarantees in support of trade and investments, exports, infrastructure, energy, tourism, agricultural business or modernization, housing, micro, small, and medium-sized enterprises (MSMEs), and other priority sectors of the economy.
From: Strategy Management and Communications Department
