Alfonso Zobel tapped to head AC Motors

MANILA, Philippines — Jaime Alfonso Zobel de Ayala, son of Ayala Corp. chairman Jaime Augusto Zobel de Ayala, will now head AC Motors Group.

In a disclosure to the Philippine Stock Exchange, Ayala Corp. said Alfonso has been seconded to AC Industrials Technology Holdings, the emergent technologies company of the Ayala Group.

AC Motors Group is part of AC Industrials Technology Holdings, together with the global manufacturing and enabling technologies businesses.

Alfonso will be leaving his post in Ayala Corp. as the co-head of Corporate Strategy Group, head of Business Development and Digital Ventures and member of the company’s management committee.

He will be succeeded by Mark Robert Uy, who has over a decade of investment banking experience, more recently as Credit Suisse’s country manager and head of Investment Banking and Capital Markets in the Philippines.

Prior to joining Credit Suisse, Uy spent 12 years at J.P. Morgan in Manila, Chicago and Singapore offices. His industry experience includes transactions in the energy, agriculture, packaged food and restaurant industries, among others.

He graduated from the Ateneo de Manila University with a bachelor’s degree, cum laude, in Management Engineering with a minor in Finance. He is CFA charterholder.

The move is part of the Ayala Group’s reorganization.

Last month, Ayala’s board of directors also appointed Jaime Urquijo as the company’s chief sustainability officer and chief risk officer effective August 1.

He assumed the role from Alberto de Larrazabal who remains as the company’s CFO and Finance Group head.

Furthermore, Urquijo will be part of the management committee of Ayala.

Urquijo, 35, is the only son of Beatriz Susanna Zobel de Ayala or Bea Jr., daughter of Don Jaime and Bea Zobel.

Ayala also named former Socioeconomic Planning Secretary Karl Kendrick Chua as managing director with responsibility for Data Science and AI.

Chua, 45, is currently a director of the Bank of the Philippine Islands and an independent director of D&L Industries Inc.