THE AB Capital Group named new directors on Monday evening, which include Enrique K. Razon, Jr. and Lance Y. Gokongwei, as the investment house is now under the control and management of private investment holding firm The Campden Hill Group, Inc.
“Viscal Investment, Inc. remains a minority shareholder and partner of the group,” AB Capital Group said in a statement published on Twitter, adding that its operations will continue uninterrupted.
Antonio Jose U. Periquet, Jr., the chairman and president of The Campden Hill Group, will also sit as chairman of AB Capital’s trust and investments arm, AB Capital & Investment Corp. (AB Capital Trust).
Ports tycoon Mr. Razon and JG Summit Holdings, Inc. President Mr. Gokongwei were named as AB Capital Trust’s new directors, along with Century Pacific Food, Inc. Executive Chairman Christopher T. Po, Frank S. Gaisano, Lamberto M. Santos, Jr., and Michael B. Zalamea.
Meanwhile, Mr. Zalamea was also named chairman of the AB Capital Group’s stock investing unit, AB Capital Securities, Inc.
AB Capital Securities directors include Mr. Santos, Luis Miguel Aboitiz, Juan Kevin G. Belmonte, Ma. Elena L. Morris, Mariana M. Ongpin, and Ericson C. Wee.
The AB Capital Group said the changes will be bringing in “a new, sharper, and more rewarding trading experience.” — Keren Concepcion G. Valmonte
