About PSEVision A premier exchange with world-class standards for trading securities and raising capital that serves as a strong engine for a robust economy.

Mission

Offer products and services responsive to the needs of investors and other stakeholders. Provide a facility for fair, accurate, complete and timely information about listed companies, while extending market education and awareness programs to investors. Be a preferred venue for raising capital. Practice and promote good governance within the Exchange and among listed companies and trading participants. Operate efficiently to optimize shareholder value. Adopt world-class systems and global best practices for an efficient, fair and orderly market. Develop a highly motivated and professional workforce, committed to serve and excel.

Corporate Values

Professionalism in delivering quality service and in meeting the highest standards of excellence. Integrity, transparency and accountability in implementing business programs and enforcing decisions. Teamwork in working towards a common and favorable goal for the market. Mutual respect in relating with fellow employees. Inner strength in prioritizing the common good of the market instead of individual interest. Corporate responsibility in promoting market growth hand in hand with community welfare.

History1927The Manila Stock Exchange, Inc. (MSE) was established on August 8 by five businessmen, namely, W. Eric Little, Gordon W. Mackay, John J. Russell, Frank W. Wakefield and W.P.G. Elliot.

1936Commonwealth Act No. 83 or the Securities Act of 1936 was enacted on October 26. It created the Securities and Exchange Commission (SEC) in response to the need for an agency that would safeguard public interest brought about by the local stock market boom in 1936.

The SEC started operations on November 11 under the executive supervision of the Department of Justice.

1937The MSE introduced the ticker transmitting service for better and faster communication system for the expanding volume of transactions as well as for transmitting news reports on business and industry from all parts of the world as brought in by news services in Manila.

1940The MSE suspended operations during the Japanese Occupation. The SEC was also abolished by the Philippine Executive Commission and later reactivated in 1945.

1946The MSE resumed trading operations.

1958The Industrial Share Average was initiated in order to provide the members with an index to measure the movement of industrial issues. It was launched on January 2 and was drawn from select active commercial and industrial shares. A Mining-Oil Index was also introduced due to the flourishing oil industry.

1963The Makati Stock Exchange, Inc. (MkSE) was organized by Hermenegildo B. Reyes, Bernard Gaberman, Eduardo Ortigas, Aristeo Lat and Miguel Campos on May 27.

1965The MkSE started operations on November 16.

1969The MSE implemented separate indices for mining and oil.

1973Presidential Decree (PD) No. 167 dated April 12, which requires automatic listing in all stock exchanges of securities that have been approved for listing and trading, was passed. Another PD No. 282, which authorized stock transactions by members of an operating stock exchange through members of another stock exchange when necessary to execute customer's orders, was also adopted.

1975The SEC, through Order No. 153 dated February 4, implemented the uniformity of price fluctuations, board lots and trading symbols for all existing stock exchanges.

1979The Securities Investors Protection Fund, Inc. was formally established on October 2.

1982The Revised Securities Act (RSA) or BP Blg. 178 was signed into law on February 23. It provided, among others, for a more sophisticated disclosure mechanism of securities to be offered to the investors and vested on the SEC absolute jurisdiction, supervision and control over corporations, partnerships and associations.

1987The MSE introduced the MSE Composite Index using the variable multiplier method (fixed weights at base date), which was different from the variable divisor method the MkSE used.

On April 1, the MSE and MkSE agreed to use a common set of index stocks and resolved to adopt the variable multiplier method.

1989MSE installed a computerized real-time price reporting system that provided members with essential market information.

1990The computation of the indices was changed from price-weighted to full market capitalization-weighted, a methodology that measures the relative changes in market capitalization of common stocks.

The East Asian and Oceanian Stock Exchanges Federation, now known as the Asian and Oceanian Stock Exchange Federation (AOSEF), was formally organized with the signing of its charter on December 6-7 at the Manila Hotel.

1992The Philippine-SEC Institute Foundation, Inc. (Phil-SEC) was incorporated on May 25.

The Philippine Stock Exchange, Inc. (PSE) was incorporated on July 14 by the following incorporators: Robert Coyiuto, Jr., Victor Say Hipek, Eduardo C. Lim, Juan B. Francisco and Cesar E.A. Virata.

On December 23, MSE and MkSE forged and issued a joint declaration on the unification of the country's two bourses under the Philippine Stock Exchange, Inc. to consolidate logistics and hasten development of the capital market.

1993Trading at the MSE through its fully computerized match trading system, the Stratus Trading System with Equicom started on January 4.

The first general membership meeting of PSE took place on March 20.

The MkSE launched its automated trading system referred to as MakTrade on June 15.

The SEC approved the PSE's By-Laws.

1994The SEC granted the PSE its license to operate as a securities exchange on March 4. It simultaneously canceled the licenses of the MSE and MkSE.

On March 25, the one price-one market exchange was achieved through the successful link-up of the two existing trading floors.

The PSE Composite Index (PHISIX) underwent revision. It was calculated with its own set of components, independent from the different sectors. The number of component-stocks was increased to 30 and class "B" shares were included. Simultaneous with this revision on the main index, the Property Index was introduced with a base value initially set at 100.

1995The PSE was accepted as the 37th full-pledged member of the Federation Internationale des Bourses de Valeurs or International Federation of Stock Exchanges (FIBV), now known as the World Federation of Exchanges, on October 16.

The Philippine Stock Exchange Foundation, Inc. (PSEFI) was incorporated on November 10.

The Unified Trading System on was launched on November 13 using the single-order-book system on a MakTrade software where all orders are posted and matched in one computer.

1996The PSE introduced the Banking and Financial Services Index to reflect the financial environment and the All Shares Index that includes all listed companies. The base value of the new indices was initially set at 1,000 to better align them to the thousand level Composite Index. The Property Index was also realigned to 1,000 level to better reflect its impact on the overall market movement.

The PSE was granted by the SEC, on a temporary basis, the status of a Self-Regulatory Organization (SRO).

The Communication Front-End System went online, providing a gateway that allowed PSE member brokers to directly connect their own private trading systems to the MakTrade System.

1997The PSE went into scripless trading after the Philippine Central Depository finished conversion of 293 active issues into its book-entry settlement system on December 15.

1998On June 29, President Fidel V. Ramos handed over the SEC certificate that conferred the SRO status to the PSE. In line with its SRO status, the PSE adopted the policies of the SEC by incorporating in its rules 42 provisions of the RSA in its efforts to effectively discipline erring member-brokers.

1999On September 6, the PSE adopted and implemented the International Securities and Identification Numbering system on the MakTrade System.

On November 15, the PSE was conferred membership in the Association of National Numbering Agencies in New York, USA and became the National Numbering Agency for the Philippines.

2000On January 3, the Securities Clearing Corporation of the Philippines (SCCP) started commercial operations.

The PSE's SRO status was temporarily suspended on March 7 due to alleged irregularities arising from the trading of BW Resources Corporation (BW).

Republic Act No. 8799 or Securities Regulation Code (SRC) was signed into law on July 19 and took effect on August 8. Section 33.2 (a) of the SRC prescribed the PSE's reorganization as a stock corporation by August 2001 pursuant to a demutualization plan approved by the SEC.

On August 23, the SRC provision to increase the membership of non-brokers in the PSE's 15-man board was effected with the election of five non-brokers in addition to the existing three non-brokers in the board.

On September 8, the SEC lifted the suspension of the SRO status of the PSE, which was subject to certain conditions and provisions of the new SRC.

2001The implementing rules and regulations of the SRC took effect on January 2.

The SME Board was launched on July 20, simultaneous with the listing of the securities of the first company on the said board.

On August 3, PSE demutualized, transforming from a non-stock, member-governed entity into a stock, shareholder-based organization.

Pursuant to the SEC's approval of the PSE's proposal to allow brokers to transact for their own account, the rules and procedures for implementing the customer first policy trading environment was programmed into the trading system and activated on August 22.

The SEC adopted a resolution on September 12 to: (a) raise the threshold of the tender offer to 35% (from 15% for a single acquisition and 30% for creeping acquisition), and (b) exempt all brokers from the prohibition of the broker-director rule.

2003On December 15, PSE shares were listed by way of introduction. It opened at P100.00 per share and reached as high as P252.50 before settling at P200.00 at the end of the year.

2004The Exchange re-imposed the collection of the transaction fee of 1/200 of 1% (0.5 basis points) on the gross value for every buy and sell transaction executed.

On January 28, the PSE sold 16.5% or 6,077,505 shares of its authorized capital stock to strategic investors by way of private placement.

The PSE invested in the Philippine Dealing System Holdings Corporation, the holding company of the fixed income exchange (FIE) in exchange for its shares in Philippine Central Depository, Inc. The FIE is designed to be an alternative market for raising funds in the financial markets other than equities. It aims to provide a competitive substitute to bank loans as funds are generated from alternative sources such as long term bonds issued by the Philippine government.

The PSE amended the rule on minimum commission by placing a minimum rate for all trades regardless of the amount of transaction to create a more level-playing field for all trading participants, especially on large volume trades. The new minimum commission rates became effective September 22.

The Governance Committee was replaced by the Market Integrity Board (MIB). The MIB was created to oversee compliance with the rules governing market transactions of PSE trading participants monitored by the Market Regulation Division through its surveillance system.

The SCCP became a wholly-owned subsidiary of PSE and a new Clearing and Settlement System was acquired.

2005The PSE implemented the Online Disclosure System or the ODiSy, providing 24/7 online system access for the submission and announcement of all types of disclosures.

The PSE forged a memorandum of agreement with Globaltronics, Inc., an electronic billboard operator, for the posting and display of PSE's advertisements in select and strategic locations in Metro Manila through a video display system.

The PSE, FTSE International Limited (FTSE) and Association of Southeast Asian Nations (ASEAN) exchanges, Jakarta Stock Exchange, Bursa Malaysia Berhad, Singapore Exchange Securities Trading Limited, and The Stock Exchange of Thailand signed a memorandum of agreement creating the FTSE/ASEAN Index. The PSE has 12 representative listed companies from the total of 180 traded in the FTSE/ASEAN Index.

The PSE added a new criterion, tradability, for listed companies to be included in the Composite Index. Under this new criterion, shares of companies must be traded in at least 95% of the total trading days of the relevant review period of one year.

2006On January 2, the PSE revised the industry classification of listed companies by categorizing companies according to its major source of revenue. The number of sectors increased to six from five, with two new sectors introduced namely, the Holding Firms and Services Sector, while the Mining Sector and the Oil Sector were combined to form just one sector.

The PSE shifted to use free float market capitalization in computing the index from the use of full market capitalization of listed stocks. The shift aimed to provide investors with a more reliable gauge of trading activity and market behavior.

The PSE also revised its criteria in selecting companies for inclusion in the index. The criteria were the following: 1) Free float level of at least 10%; 2) Liquidity or average daily trading value of at least P5 million; 3) Tradability of at least 95%; and 4) volume turnover ratio of at least 10%. The PSE changed the name of its main indicator from PSE Composite Index to PSE Index (PSEi).

The SCCP migrated from trade-for-trade processing to a multilateral netting system called Central Clearing and Central Settlement System (CCCS).

The Commission on Higher Education Commission (CHED) en banc approved the policies, standards and guidelines for business administration by virtue of CHED Memorandum Order No. 39 (CMO 39), series of 2006, which mandated the inclusion in business administration courses of a stand-alone subject in capital markets. CMO 39 was implemented in June 2007.

On September 21, the FTSE/ASEAN 40 exchange-traded fund (ETF) was officially launched with its listing on the Singapore Exchange. The ETF was designed to track the 40 largest companies across five stock markets within the ASEAN region.

The PSE launched the Certified PSE Securities Specialist Course, which is envisioned to provide continuing education for market participants, while synthesizing and emulating the Chartered Financial Analyst

2007The Exchange acquired the Advanced Warning and Control System, a state-of-the-art computerized surveillance system designed to further enhance the integrity of the stock market.

On August 24, the Philippine Mineral Reporting Code (PMRC) was formally launched. Considered an internationally accepted standard in the mining industry, the PMRC sets out the minimum requirements, recommendations, and guidelines for public reporting of exploration results, mineral resources and ore reserves.

2008On August 6, the PSE entered into a memorandum of understanding with NYSE Euronext, and signed the new trading system license, implementation and maintenance agreement with NYSE Euronext Technology SAS (NYXT). NYXT is a wholly-owned subsidiary of NYSE Euronext, the world's largest exchange operator.

The Personal Equity and Retirement Account (PERA) Law was signed by President Gloria Macapagal-Arroyo on August 22. The PERA Law encourages savings through voluntary retirement funds for workers and provides an important savings and investment vehicle to attract much-needed local investments by resident and overseas Filipinos.

On September 24, the PSE approved the implementation of a circuit breaker rule, a 15-minute trading halt in the event the PSEi declines by at least 10% based on the previous day's closing index value, to allow investors time to digest the impact of an unusual market drop and help restore normalcy in the stock market.

President Arroyo signed into law Republic Act No. 9510, otherwise known as the Credit Information System Act (CISA), on October 31. CISA seeks to enhance the reliability of credit information and facilitate credit investigation and rating.

2009The PSE signed a memorandum of agreement with the Department of Education on January 15 for the integration of a capital markets segment in the high school curriculum, particularly in the 4th year economics subject.

On June 30, President Arroyo signed into law Republic Act No. 9648, which exempts from documentary stamp tax the sale, barter or exchange of shares of stock listed and traded through the stock exchange, with retroactive effect to March 20, 2009.

The Real Estate Investment Trust (REIT) Act of 2009 lapsed into law on December 17. The REIT Law encourages the establishment of REIT companies solely for the purpose of owning income producing real estate and related assets. REIT companies are required to distribute at least 90% of their taxable net income to its shareholders to avail of the preferential tax treatment.

2010The PSE revised its rules on listing by way of introduction on March 24. The amendments include, among others, the following additional requirements: 1) fairness opinion and valuation report issued by a third party financial institution on the pricing of the applicant company's securities to be listed in accordance with the Guidelines for Fairness Opinions and Valuation Reports; 2) enhanced lock-up provisions; and 3) lifting of the trading band on the listing date of the securities.

The PSE's new trading system, now known as PSEtrade, was launched on July 26.

The Corporate Governance (CG) Guidebook was launched in November as another initiative of the Exchange to promote good governance among listed companies. It is composed of 10 guidelines embodying principles of good business practice and based on internationally recognized corporate governance codes and best practices.

The Amended Minimum Public Ownership (MPO) Rule took effect on November 30 and became a continuing listing requirement for listed companies. The amended MPO rule states that listed companies must maintain 10%, at the minimum, of their issued and outstanding shares held by the public, excluding any treasury shares.

2011The PSE revised its policy on managing the PSE index series effective September in order to enhance the quality of PSE's indices, reflect corporate actions in a timely manner as well as elevate standards to international best practices. Under the amended policy, companies should meet three criteria to qualify for the PSEi: (1) the company's free float level should be at least 12%; (2) the company must rank among the top 25% in terms of median daily value in nine out of the 12-month period in review; and (3) rank among the highest based on full market capitalization.

The PSE established its satellite office in Cebu on September 22 in a bid to attract prospective investors and listed companies outside the NCR.

2012The Exchange implemented whole day trading on the first trading day of the year. Trading starts at 9:30AM with a recess at 12:00NN-1:30PM, and continues until the close at 3:30 PM. This is part of the Exchange's efforts to increase liquidity in the market and also align our trading session with that of the Asian markets, at the very least.

The CMIC received its provisional Self-Regulatory Organization status on February 2 and subsequently began operations in March. On May 8, the CMIC launched its new surveillance system called Total Market Surveillance (TMS), which was acquired from the Korea Stock Exchange. The TMS features detection rules, statistic analysis models, and pattern recognition logics needed to enhance monitoring of stock market transactions. TMS is also designed to support a market of one million orders/trades per day.

2013The PSE rolls out its new three-year strategic plan which focuses on introducing more products and services to the market.

The PSE adopted a new listing board structure. From a three-board set up, the Exchange retained the main board and created the new the Small, Medium and Emerging (SME) board. The listing requirements were also managed to make listing easier.

In April, the PSE launched its online service bureau called PSETradex. Six months later, two brokers launched their online trading facility using the PSETradex. The PSE partnered with Takara Printing Co., Ltd. to create awareness and investor interest on the Philippine market in Japan. One of their initiatives is to translate PSE's listing kit and new listing rules in Japanese.

The co-branded SGX-PSE MSCI Philippines Index Futures was listed at the Singapore Exchange on November 25.

The first Exchange Traded Fund, First Metro Philippine Equity Exchange Traded Fund, Inc. (FMETF), was listed at the PSE on December 2.

Also in December, the Exchange released the list of Shariah-compliant securities. This initiative marks the PSE's foray into Islamic Finance. All listed companies will be screened for Shariah-compliance every quarter.

By the end of the year, the PSE was named the Best Stock Exchange in Southeast Asia by investment magazine publisher Alpha Southeast Asia.

To cap a fruitful year, the PSE celebrated its 10th anniversary as a listed company. To mark this milestone, the Exchange unveiled its new LED electronic board at the Ayala Trading Floor.

On the same day, the portal for the new disclosure system co-developed with the Korea Exchange known as EDGE (Electronic Disclosure Generation Technology) went live.

Trading SystemOn July 26, 2010, PSE`s New Trading System (NTS) now known as PSEtrade was launched to replace the Maktrade System. One of the activities done prior to its launch was ensuring that all PSEtrade users including Trading Participants` (TP) traders, back-office staff, nominees, directors and executives were ready. To ensure their readiness, PSE conducted a series of trainings on related systems namely: (1) PAM (Poste D'Access Aux Marche); (2) Broker Utility; (3) Client Code Generation; (4) Trade Amendments; (5) Trade Unbundling.PAM is the trading terminal used by traders in sending orders to the Exchange. It is critical that all users of PAM have passed all the certifications needed. By the end of 2010, PSE trained and certified a total of 700 PAM Users. A total of 480 Trading Accounts were issued to the certified PAM users to access the Exchange trading system.PAM terminals can be deployed on the Exchange trading floors or at the Trading Participants` offices or branches. The PSE deployed over 200 remote PAM trading terminals all over the country. The PSE also enhanced the remote PAM security access by implementing the 2-factor authentication system with a Security Token which was required to authenticate offsite traders and protect them against hackers. As of December 2010, a total of 140 Security Tokens were processed and released.Aside from trading via PAM terminal, a trading participant can also send orders via the Customer Common Gateway (CCG) of the Exchange. The CCG allows trading participants to connect their own Front-End Order Management System (FEOMS) to the Exchange. TPs are given the option to either develop their own trading terminal to send orders or purchase solution from any of the PSE-certified FEOMS vendors. As of 2010, five (5) FEOMS vendors were certified with 17 TPs connected to the CCG.

During the launch of PSEtrade, the PSE Support Staff were strategically stationed to provide immediate support to all PSEtrade-related systems and to conduct initial diagnosis of the problems encountered. In order to further enhance customer service to the TPs, the PSE also provided a centralized email address (helpdesk@pse.com.ph) and a hotline (819-4450). All pertinent PSE personnel, who were recipients of the emails, catered to all trading-related emails and calls. As a result, all trading-related issues, inquiries and concerns were addressed immediately.A dedicated website was also developed where all PSEtrade-related memos, announcements, presentations, technical requirements, documentations, training schedules and schedule of events were uploaded is still being maintained and updated.Along with the introduction of the PSEtrade is the implementation of a new set of Trading Rules. Following are some of the major adjustments on the trading rules and regulation as a result of the new functional features that goes with the new System:New Trading Hours. The Exchange has introduced the pre-close phase which is the period wherein the closing price for a Security is determined.Dynamic Threshold. This price control mechanism replaced the system embedded three-tick rule which the former trading system offers. The Dynamic Threshold is the permitted difference in price between two Last Traded Price updates for a given Security.Inter-broker Deal. Block sale between two Trading Participants is now permitted.Order Types and Validities. These features of the new System are designed to serve as added strategic tool for the Trading Participants. While all the validity types have already been introduced, only limit order type is currently set off until the PSEtrade Project Committee transitions to the next phase of the project implementation plan.Board Lot Table. The Exchange has introduced a new Board Lot Table which goal is to promote liquidity. The said new table has a far narrowed tick size compared to the previous, the purpose of which is to provide more point of entries for average investors.Since PSEtrade was launched during the middle of the year 2010, the PSE still supported all users of the old Trading System, MakTrade. Trading system availability for the Y2010 is 99.67%, with Total Downtime of 55.7 mins for Maktrade and 188.8 mins for PSEtrade.

Corporate Governance at PSEBoard of DirectorsJose T. PardoDirector - Chairman(Independent Director)

Hans B. SicatDirector- President- CEO

Emmanuel O. BautistaDirector

Anabelle L. ChuaDirector

David O. ChuaDirector

Francis ChuaDirector

Dakila B. FonacierDirector(Independent Director)

Eddie T. GobingDirector

Amor C. IliscupidezDirector

Edgardo G. LacsonDirector

Cornelio T. PeraltaDirector(Independent Director)

Eusebio H. TancoDirector

Robert G. VergaraDirector

Alejandro T. YuDirector

Ma. Vivian YuchengcoDirector

Aissa V. EncarnacionCorporate Secretary

Omelita J. TiangcoTreasurer

Board of CommitteesNominations and Elections Committee

The Nominations and Elections Committee ("NOMELEC") is an independent committee whose creation has been mandated by the PSE Manual on Corporate Governance and the Securities Regulation Code ("SRC"). In accordance with the SRC, NOMELEC has at least three (3) members, one of whom must be an independent director. Over and above the minimum requirements of the SRC, the Board of Directors has decided to appoint two (2) independent directors to the present NOMELEC. The NOMELEC is tasked with formulating, screening, evaluating and studying qualifications of directors, as well as those recommended to other positions requiring appointment by the Board of Directors. It is likewise tasked with completing the list of directors for nominations in accordance with the SRC as well as finalizing such rules and regulations it may formulate within its jurisdiction for approval by the Board.Nominations and Elections Committee1. Remy T. Tigulo (Chairman)2. Daisy P. Arce3. Cornelio T. Peralta (Independent Director)4. Dakila B. Fonacier (Independent Director)5. Aissa V. Encarnacion (Non-Voting Legal Member)

Corporate Governance Committee

The PSE Board is fully committed to aligning the Exchange's corporate governance (CG) practices to internationally accepted standards. As such, it has designated the Corporate Governance Committee to assist on issues directly connected with:

a. Its internal processes, work procedures, and performance;b. The performance of the President and his Management team;c. Compensation, benefits and incentives;d. Succession planning; ande. The overall corporate governance of the Exchange.

Recognizing that genuine CG improvement could only be done through the partnership between the Board and Management, the Exchange created the Corporate Governance Office (CGO) to complement and support the Committee. The CGO is primarily tasked to direct and manage the fundamental functions of corporate governance, enterprise risk management, strategy management and responsible business practice in the Exchange.

Corporate Governance Committee1. Jose T. Pardo (Chairman, Independent Director)2. Edgardo G. Lacson3. Ma. Vivian Yuchengco4. Amor C. Iliscupidez5. Cornelio T. Peralta (Independent Director)6. Eusebio H. Tanco

Audit Committee

The Audit Committee's roles and responsibilities are defined in the Audit Committee Charter approved by the Board of Directors. The Audit Committee provides assistance to the Board of Directors in fulfilling its oversight responsibility to the stockholders relating to:a. The Exchange's financial statements and the financial reporting process;b. The systems of internal controls and financial reporting controls;c. Internal audit activity;d. The annual independent audit of the Exchange's financial statements; ande. Compliance with legal and regulatory matters.

Audit Committee1. Cornelio T. Peralta (Chairman, Independent Director)2. Anabelle Lim-Chua3. Dakila B. Fonacier (Independent Director)4. Amor C. Iliscupidez5. Alejandro T. Yu6. Eusebio H. Tanco

Management OfficersPSE Management Officers for 2013-2014

Office of the PresidentMr. Hans B. SicatPresident and Chief Executive Officer

Office of the Chief Operating OfficerMr. Roel A. RefranSenior Vice President & Chief Operating Officer

Corporate Governance Office (CGO)Mr. J. Argel G. AstudilloVice President & Head of Governance, Risk & Compliance

Market Operations Division (MOD)Ms. Rachelle C. BlanchVice President & Division HeadMr. Marvin M. RefuerzoHead, Trading Operations DepartmentMs. Cristina R. AldayAssistant Department HeadMs. Sheryl V. PerilloHead, Trading Development DepartmentMr. Roel M. VillanuevaHead, Market Control DepartmentMs. Maricris C. AyalaAssistant Department HeadMs. Sheryl J. LopezDepartment Head, Broker Systems Support & Cert. Department

Internal Audit GroupMs. Jinky A. AloraAssistant Vice President & Head

Office of the General Counsel (OGC)Atty. Buenaventura S. SanguyoAssistant Vice President & General CounselAtty. Geossiel A. CotocoDeputy General Counsel

Capital Markets Development Division (CMDD)Mr. Jose Antonio S. VilarHead, Marketing Services & Market Education Department & Officer-In-Charge, Market Education Dept.Mr. Mark Frederick V. VisdaOfficer-In-Charge, Business Development DepartmentAtty. Veronica V. Del RosarioOfficer-In-Charge, Market Data Business Department

Issuer Regulation Division (IRD)Ms. Marsha Angelyn M. ResurreccionAssistant Vice President and Division HeadMs. Janet A. EncarnacionHead, Disclosure DepartmentMr. Norberto T. MorenoAssistant Department Head, Disclosure DepartmentMr. Jose Valeriano B. Zuo, IIIDepartment Head, Listings Department

Corporate Planning & Investor Relations Division (CPIRD)Mr. John Benette B. MamagunAssistant Vice President & Division HeadMr. Mark Frederick V. VisdaHead, Corporate Planning & Research DepartmentMs. Martha H. VinzonsHead, Public & Investor Relations DepartmentMs. Nia Kristi B. ZabellaAssistant Head, Public & Investor Relations Department

Technology Division (TD)Mr. Tristan G. GillegoAssistant Vice President & Division HeadMr. Emil G. CruzDepartment Head, Applications Development and Quality Assurance DepartmentMr. Adonis H. GildoreDepartment Head, Systems and Database DepartmentMr. Zaldy Ronie P. RoceroDepartment Head, Network and Telecommunications Department

Human Resources and Administration Division (HRAD)Ms. Riena Jo C. CorbeDepartment Head, Employee Services DepartmentMs. Jo Ann G. BautistaOfficer-In-Charge, Admin, HRADMr. Herbert G. VergaraHead, Administrative Services DepartmentMs. Josielyn S. ArellanoHead, Materials Management & Procurement Services Department

Controllership & Treasury Division (CTD)Ms. Marietta U. TanVice President & Division Head, Controllership & Treasury Division & Officer-In-Charge, HRADMs. Eliza S. RodriguezHead, Accounting DepartmentMs. Elisa L. BenavidezHead, Budget and Treasury Department

Organizational Structure