Meet the New Chairman of Metrobank Group's GT Capital
The holding company of the Ty family, which owns and controls companies like Metrobank, Federal Land, and Toyota Motor Philippines Inc., has a new chairman. Francisco Sebastian was named chairman of the board of directors of GT Capital Holdings Inc on Thursday (May 12).
Prior to the appointment, Sebastian was co-vice chairman of GT Capital and a member of the holding company’s executive committee.
Sebastian has been with the GT Capital Group for the past 25 years, starting out in 1997 as president, and eventually chairman, of First Metro Investment Corporation (First Metro), Metrobank’s investment banking arm. He concurrently serves as vice chairman of Metrobank and a director of Metro Pacific Investments Corporation (MPIC) and Federal Land, Inc. Prior to joining the Metrobank Group, he worked in Hong Kong for 20 years from 1977. He also worked as an investment banker for Ayala International Finance Limited and for Filinvest Finance (HK) Ltd.
Sebastian earned his AB in Economics degree from Ateneo de Manila University, where he graduated magna cum laude.
GT Capital Holdings was founded by George Ty, who passed away in 2018. It listed in the Philippine Stock Exchange in 2012. The company has interests in banking; automotive assembly, importation, distribution, and financing; property development; life and non-life insurance; infrastructure and utilities; and motorcycle financing.
George Ty’s son Arthur V. Ty remains director of GT Capital and chairman of Metrobank as well as concurrently holding various board positions in other component companies of the Group. His other son, Alfred Ty, meanwhile, remains vice chairman of GT Capital and chairman of TMP and Federal Land.
“The change in GT Capital’s chairmanship signals the Group’s initiative and commitment to further professionalize its leadership moving forward,” Arthur Ty said. “With Mr. Sebastian at the helm, we are confident that GT Capital will continue to prosper and contribute to nation building.”
GTCAP's subsidiaries include Federal Land, Inc.; Toyota Motor Philippines Corporation; Toyota Manila Bay Corp.; and GT Capital Auto Dealership Holdings, Inc. The Company also has significant shareholdings in Metropolitan Bank & Trust Company; Metro Pacific Investments Corporation; Philippine AXA Life Insurance Corporation; Toyota Financial Services Philippines Corporation; and Sumisho Motor Finance Corporation.