PHINMA Corp
DR. MAGDALENO B. ALBARRACIN, JR. is the Vice-Chairman of PHINMA Corporation and Philippine Investment Management, Inc. (PHINMA, Inc.) and the Chairman of PHINMA, Inc.’s Executive Committee. He is a Member of the Board of all the companies in the PHINMA Group. He was president and a former director of Holcim Philippines, Inc. Dr. Albarracin was a member of the Board of Regents of the University of the Philippines (U.P.) as well as Board of Trustees of U.P. Engineering Research and Development Foundation, Inc. (UPERDF). He was the Chairman of the Board of Trustees of the University of San Carlos, Cebu City. He served as Dean of the UP College of Business Administration and was President of the ASEAN Federation of Cement Manufacturers. Dr. Albarracin has a Bachelor of Science degree in Electrical Engineering from the University of the Philippines and a Master of Science degree in Electrical Engineering from the University of Michigan. He obtained his Master in Business Administration degree from the University of the Philippines and his Doctorate in Business Administration from Harvard University. He has been with PHINMA, Inc. since June 23, 1971 and has been a Director of PHINMA Corporation since 1980. He recently attended trainings on, AMLA for Insurance Companies & Financial Institutions in August 2021 and the Annual Corporate Governance Seminar conducted by SEC-accredited training provider Center for Global best Practices in October 2021.
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PHINMA Corp
Phinma Corporation is a holding company with investments in the education, steel products, housing, business process outsourcing and energy sectors. The Company's principal activity is holding investments in shares in various subsidiaries, associates and investees, and other financial instruments. The Company's segments include Investment holdings, which is engaged in investment holding activities of shares of stocks and other financial instruments; Property development, which leases its real and personal properties, and is engaged in real estate development; Energy, which is involved in power generation and trading, oil and mineral exploration, exploitation and production; Steel, which manufactures and trades iron and steel products; Educational services, which holds interest in Araullo University, Cagayan de Oro College, University of Pangasinan, University of Iloilo and Southwestern University, and business process outsourcing (BPO), which is engaged in strategic consulting.