COL Financial Group, Inc. Announces Management changes
March 28, 2021 at 06:29 pm EST
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COL Financial Group, Inc. at its SBM approved resignation of Catherine L. Ong as Director, effective date of resignation is February 26, 2021. Also election of Ms. Betty C. Siy-Yap and Mr. Roberto C. Benares as Independent Directors, effective date of appointment election is February 26, 2021. Appointment of Ms. Betty C. Siy-Yap to the Audit Committee and Mr. Roberto C. Benares to the Remuneration Committee. Ms. Betty C. Siy-Yap and Mr. Roberto C. Benares were elected as Independent Directors to fill the seats left vacant by the demise of Mr. Khoo Boo Boon and resignation of Ms. Catherine L. Ong. Ms. Siy-Yap is the SVP and Chief Finance Officer and Chief Risk Officer of Manila Electric Company. She sits in the Board of Directors of Clark Electric Distribution Corporation, CIS Bayad Center, Inc., Meralco Industrial Engineering Services Corporation, MERALCO PowerGen Corporation, and MRail, Inc. She is the President of Lighthouse Overseas Insurance Limited, a Trustee of First Pacific Leadership Academy, Inc. and MVP Sports Foundation, Inc. Mr. Benares currently sits in the Board of Directors of the Bank of Commerce, BlastAsia Corporation, and Quokka Development Corporation. He was the President and CEO of the Bank of Commerce from 2013 to 2018.
COL Financial Group, Inc. (COL) is a Philippines-based company that provides online financial services. The Company is engaged in offering stock brokerage and fund distribution services. The Company is also engaged in providing financial advice, in the gathering and distribution of financial and investment information and statistics and in acting as financial, commercial or business representative. The Company provides an online trading platform, which offers real-time market information and direct market access, while providing the comprehensive stock market research and analysis necessary for its clients. The Company operates through two segments: Stockbrokerage services and Others. The Stockbrokerage services segment includes the Companyâs stockbrokerage companies, mainly the Parent Company and COL Securities (HK) Limited (COLHK). The Others pertaining to the Companyâs subsidiaries other than COLHK. COL owns asset management firm, COL Investment Management, Inc. (CIMI).