Augusto D. Bengzon l 18 September 2024 at Fairmont Makati Hotel
A pleasant morning and a warm welcome to one and all.
Before anything else, allow me to extend my heartfelt thanks to the individuals and organizations that made today’s event possible. Our deepest gratitude goes to the Professional Development Committee led by Liaison Director Gema Cheng, along with Co-Chairs Paolo Azurin and Mai Bisnar, and committee member Ned Goseco, and our FINEX secretariat headed by our indefatigable Executive Director Mike Vinluan, for their tireless work in organizing today’s summit.
We also thank our partners and sponsors:
- Ayala Corporation, represented by Lito Biacora and Jhoanna Leoncio;
- UBS, represented by Lauro Baja and Katrina Tan;
- P&A Grant Thornton, represented by Boyet Murcia and Mai Bisnar; and
- Latham & Watkins, represented by Atty. Buddy Carale.
Your support has been instrumental in ensuring what should be a relevant and successful conference.
The Ayala-Finex Finance Summit has grown significantly since its inception. The inaugural event marked the beginning of a strong partnership with Ayala Corporation in 2016, and the value of this relationship has only deepened over time. I am pleased to note that the two institutions renewed their contract in 2022, for another five years, demonstrating our shared commitment to driving finance-related education and thought leadership in the Philippines.
We are excited to announce that 163 attendees have signed up for this summit—the highest turnout for a face-to-face event since 2018, when we had 126 attendees. This remarkable attendance clearly reflects the interest in today’s discussions and the relevance of the topics we will explore.
This year’s theme, “Sustainable Growth and Artificial Intelligence (AI) in Finance,” is a perfect fit with FINEX’s 2024 theme of “Transformational Growth through Sustainability, Digitalization, and Diversity.” As we move forward in this era of rapid technological change and growing environmental responsibility, understanding how AI can drive sustainability and growth is more important than ever.
Peter Drucker, the renowned management consultant and educator, once said, “The best way to predict the future is to create it.” This quote holds profound significance for us today as we gather to explore the themes of sustainable growth and artificial intelligence in finance. In an ever-evolving world, we cannot merely wait for change to happen—we must actively shape the future through our actions. By embracing cutting-edge technologies like AI and committing to sustainable practices, we are not just reacting to global trends; we are leading the way, creating a future where growth and responsibility go hand in hand. Today’s discussions and insights will empower us to take the reins of that future and ensure that it aligns with our values and goals.
We will start with the opening remarks from the esteemed Albert de Larrazabal, CFO of Ayala Corporation. After which we have lined up presentations from some of the most respected leaders in the field.
Mr. Jose Teodoro K. Limcaoco, President and CEO of BPI, will deliver a presentation on “Growth of Retail Clients Enabled by Technology and AI.” In this talk, he will demonstrate how AI and digital platforms are reshaping the retail banking landscape, allowing us to serve clients in more personalized, efficient, and scalable ways.
Next, we will hear from Mr. Jaime Urquijo, Head of Risk and Sustainability at Ayala Corporation. His presentation, titled “Advancing Thriving Communities and People through Social Impact,” will focus on how sustainability is not just an ethical imperative but a core business strategy that can drive growth while benefiting communities and the environment.
Atty. Benjamin Carale and Atty. Farhana Sharmeen of Latham & Watkins LLP will provide an insightful overview of “Regulatory Developments in Asia and Regions – Capital Markets and Sustainability.” As the regulatory environment shifts to accommodate the twin priorities of sustainability and financial growth, their insights will help us navigate these complex changes.
From UBS, we will have Mr. Alvin Yeo, Head of Southeast Asia Debt Capital Markets, discussing “Sustainable Financing in Support of Sustainable Growth.” As companies and investors increasingly prioritize green bonds and sustainable investments, this talk will shed light on how financial instruments can play a pivotal role in driving sustainability initiatives.
We will also be privileged to hear from Mr. Paolo Borromeo, President of AC Health, who will speak on “Growing a Sustainable Health Ecosystem and the Role of Partnerships and Technology.” He will highlight how public-private partnerships, innovative technology, and a focus on sustainability are key to transforming the healthcare system in the Philippines.
Finally, we have Ms. Martha Sazon, President and CEO of Mint, who will present “Growth Opportunities and AI Perspectives.” Her talk will focus on how artificial intelligence can open up new avenues for growth, innovation, and efficiency across industries.
In addition to these exceptional presentations, we have some other important moments throughout the day. Our Keynote Presentation will be delivered by Dr. Erika Fille Legara, Managing Director and Chief AI & Data Officer of the Center for AI Research (CAIR), a leading figure in the AI field. Dr. Legara’s keynote will provide critical insights into the future of AI and its implications for finance and sustainability.
After all the presentations, Mr. Paolo Azurin, Co-Chair of the Professional Development Committee of FINEX, will chair an engaging panel discussion. The panel will feature
- Mr. Paolo Borromeo,
- Ms. Martha Sazon,
- Mr. Warren Wu, and
- Mr. David Cameron Smail,
who will share their perspectives on the intersection of AI, sustainability, and finance.
Finally, we will hear from Mr. Estelito C. Biacora, Treasurer of Ayala Corporation, who will deliver the closing remarks. His insights will help us reflect on the themes discussed throughout the summit and encourage us to apply the lessons learned in our own organizations.
As we prepare for today’s discussions, let us keep in mind that the future of finance lies at the intersection of sustainability and technology. By embracing AI and sustainable growth, we can shape a future that is not only prosperous but also responsible. Thank you all once again for honoring us with your presence, and I look forward to a day of fruitful discussions and meaningful insights.