Mr. Espiritu was the former President and Chief Executive Officer from 1984 to April 2000 of Far East Bank & Trust Company (FEBTC), a commercial bank established in 1960 which became a publicly-listed company in 1991. In 2000, BPI acquired FEBTC.
Age: 80, Born 1943
- Appointed Non-Executive Director April 2021 to Present
- Appointed Independent Director April 2003 to April 2021
- Appointed Non-Executive Director April 2000
Board committee membership
- Interim Chairman of the Risk Management Committee (appointed as Interim Chairman of the Committee in August 2022)
- Member of the Audit Committee
Relevant skills and experience
Mr. Espiritu was the former Treasurer and President of FEBTC, and was an exemplary Chair for the BPI Risk Management Committee (RMC) for several years. His expertise in markets, credit as well as banking operations particularly during the 1997 Asian financial crisis and 2008 global financial crisis also serves as a solid grounding for his membership in BPI’s Audit Committee. During his term as Chair of the RMC, BPI risk management was thrice recognized by international bodies as Risk House of the Year for the Philippines in 2014, 2018, and 2020 and as Bank Risk Manager in 2020 by Asia Risk and as ASEAN Risk Champion at the ASEAN Risk Awards in 2019.
He is a member of the Board of Directors of Philippine Dealing System Holdings Corporation and Subsidiaries; Philippine Stratbase Consultancy, Inc., Pueblo de Oro Golf & Country Club, and The Country Club, Inc.
Mr. Espiritu graduated with an A.B. Economics degree from the Ateneo de Manila University in 1963 and obtained his M.A. Economics degree from Georgetown University, U.S.A in 1966.
Other Philippine stock exchange-listed companies
・Manila Water Company, Inc. – Independent Director
・Bloomberry Resorts Corporation – Independent Director