Ortigas & Co. appoints new senior execs, welcomes synergy with SM and Ayala groups

Date posted March 01, 2016

Manila, Philippines—Premier property developer Ortigas & Co. announces the appointment of three new senior executives to unlock value and further develop its Metro Manila assets.


Last January 2016, Thomas F. Mirasol was named Senior Vice President and Chief Operating Officer and also captain of the company’s residential and mixed-use developments, namely: Circulo Verde, Frontera Verde, Capitol Commons, Greenhills Shopping Center, and select projects within the Ortigas Central Business District. Prior to this, he was the President of Ayala Land International Sales, Inc., concurrent to his duty as Head of Sales and Marketing of Ayala Land’s Residential Business Group.


Appointed as the Vice President and General Manager of the Shopping Centers Division is Arch. Renee C. Bacani, who will now lead the retail front consisting of Greenhills Shopping Center, Tiendesitas, Industria at Circulo Verde, and Estancia at Capitol Commons. Arch. Bacani was formerly the Assistant Vice President for Operations of SM North.


Davee M. Zuñiga, a Certified Public Accountant and former Vice President for Internal Audit of SM Prime Holdings, Inc., took over as Treasurer and Chief Finance Officer in November 2014.


At the same time, Jaime E. Ysmael took over the position of President and Chief Executive Officer of Ortigas & Co. Earlier in June 2015, he became Chairman of the Board and President of Ortigas subsidiary Concrete Aggregates Corp. To date, he is also Senior Vice President of Ayala Land, Inc., as well as its Chief Finance Officer, Compliance Officer, and Group Head of Finance.


Atty. Michael David I. Abundo III, who has been with Ortigas for more than a decade, remains the company’s Vice President and Head of Corporate Resources Division.


The announcement marks the synergy of three of the country’s prime developers who have each made their mark in the Philippine real estate landscape. Both SM and Ayala are committed to bring their expertise in property development together with Ortigas to further enrich Ortigas & Co.’s assets.


“Ortigas & Co.’s new leadership team is committed to unleash the full potential of the firm’s assets by continuing to develop Ortigas & Co.’s retail and residential spaces. We are banking on the Ortigas legacy and commitment to quality to build even more iconic places for our customers that allow them to relish life’s best experiences,” said Ysmael.



Ortigas & Co. is the developer of some of Metro Manila’s well-loved and best-known residential enclaves and mixed-use projects. Among its earlier projects are the Greenmeadows, Valle Verde and Greenhills Subdivisions. This year, the company celebrates its 85th anniversary of Building for Life. For more information, visit www.ortigas.com.ph or its corporate office at 9th Floor, Ortigas Building, Ortigas Avenue, Pasig City.


All set to steer Ortigas & Co. forward. Ortigas & Co.’s new leadership team (from left to right): Vice President and Head of Corporate Resources Division Atty. Michael David I. Abundo III; Vice President and Shopping Centers Division General Manager Arch. Renee C. Bacani; President and Chief Executive Officer Jaime E. Ysmael; Senior Vice President and Chief Operating Officer Thomas F. Mirasol; and Treasurer and Chief Finance Officer Davee M. Zuñiga.

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9th Floor, Ortigas Building

Ortigas Avenue, Pasig City

1600 Philippines

Phone : (632) 631.1231

Telefax : (632) 631.6517