|Type||Public (PSE: AC)|
|Founded||Manila, The Philippines in 1834|
|Headquarters||Makati City, The Philippines|
| Jaime Augusto Zobel de Ayala II, Chairman and CEO |
Fernando Zobel de Ayala, President and COO
Mercedita S. Nolledo, Senior Counsel and Corporate Secretary
Delfin Lazaro, Senior Managing Director and CEO, AC Capital
|PHP12.2 billion (US$252.6 million USD) (49%) (2006) |
Ayala Corporation is one of the oldest conglomerates in the Philippines. It was first established in 1834 and has one of the most diverse portfolios of businesses that are considered to be among the top in the country. Ayala Corporation is also one of the first companies to introduce the first tramcar service in the country. The corporation gradually progressed throughout the years.
Ayala Corporation is the owner of one of the oldest banks in the country and Southeast Asia, the Bank of the Philippine Islands. Ayala Corporation started its heritage in Casa Roxas which was a small institution that primarily focused its business on agriculture and trading. The small business later on developed into a manufacturing and service company that made it more productive and profitable. The founders of the Corporation were Domingo Roxas and Antonio de Ayala. These two figures were prominent people in the corporate industry at that time.
Growth and progress
The Ayala Corporation continued to grow with the Roxas’ heir’s acquisition of Hacienda Makati, which was a farmland that was located outside the city of Manila. The acquisition was the first sign of the Corporation to fully grow in terms of the real estate industry. In the 1920s continued expansion of the company in terms of real estate was seen through the development of residential subdivisions and several commercial establishments.
The company also continued to progress further by annexing different companies and industries in various sectors in the country. This involved the Corporation to have majority stakes in Insular Life Assurance Company later renamed to Ayala Life Assurance Inc, a majority stake in the Manila Electric, Rail and Light Company or better know as MERALCO and Globe Telecom. The Ayala Corporation is presently owend by one of the most influential and richest families in the country today, the Zobel de Ayalas.
The Ayala Corporation is the oldest corporation at 175 years but is fast continuing to grow further with the recent developments and technologies that are abundant in the world. It has competitive edges as the clientele of the Corporation has grown to be one of the most trusted and secure companies in the Philippines and in the world.