BIZ BUZZ: AppleOne beefs up board with banking heavyweights
Cebu-based AppleOne Group appears to be quietly laying the groundwork for its next chapter, and it’s starting in the boardroom.
The property and hospitality group recently appointed three independent directors to its board, a move that signals a stronger push toward institutional governance as the company enters what it describes as its next phase of growth.
The new independent directors are Rene Buenaventura, Michael Chua and Stephen CuUnjieng, all respected figures in Philippine banking.
Buenaventura brings with him decades of banking experience, including time as former Equitable PCI Bank CEO. A certified public accountant, he currently serves as vice chair of Equicom Manila Holdings and sits as an independent director in several listed and private companies. His background positions him to provide rigorous oversight on internal controls and financial governance.
Chua previously served as chief country officer at Deutsche Bank Philippines, following a career that spanned treasury, foreign exchange, fixed income and corporate banking.
Rounding out the trio is CuUnjieng, a veteran investment banker and senior adviser with over four decades of experience in mergers and acquisitions and capital markets across the Asia-Pacific region. Just last year, he was appointed independent director and investment committee chair of the Maharlika Investment Corp., the country’s sovereign wealth fund.
The appointments are seen to bring deep experience in banking, capital markets and corporate governance—areas that matter most when a company begins thinking beyond founder-led growth.
Founded over 15 years ago by Ray Go Manigsaca and engineer Venus Manigsaca, AppleOne has interests spanning real estate, hospitality, commercial developments, health care and renewable energy.
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