Thursday, November 24, 2016
Philam Asset Management, Inc. embarks on a New Journey
Philam Asset Management, Inc. (PAMI) is delighted to announce the appointment of Mr Eric Lustre as its new President and Chief Executive Officer (CEO), effective November 21, 2016. Mr. Lustre will succeed Mr. Nanjo Berba who has been the company’s President and CEO since 2014. Mr. Berba will remain in PAMI as its new Chairman of the Board.
Prior to his appointment, Mr Lustre was the Head of Corporate Finance and Real Estate Department of the Investment Division of The Philippine American Life and General Insurance Company.
Outgoing PAMI President and CEO, Nanjo Berba said “Eric’s appointment will bring a breath of fresh air to PAMI, and I believe that with his leadership the company will be able to maintain its current standard of excellence. Eric has held multiple positions both with Philam Life and with other organizations. His experience will undoubtedly be a major contribution to PAMI.”
Mr. Lustre received his Bachelor’s degree in Business Management from The Ateneo de Manila University and a Master’s degree in Business Management with a major in Finance at the Asian Institute of Management.
From there, he went on to hold various positions within the financial sector. He is a director in the following companies representing Philam Life: Phinma Corporation, Philam-Equitable Life Assurance Company, ICCP Holdings, Inc., Science Park of the Philippines, Inc., Regatta Properties, Inc., Beacon Property Ventures, Inc. Pueblo de Oro Development Corporation, Cebu Light Industrial Park, Inc., and RFM-Science Park of the Philippines, Inc.
With these qualifications, Mr. Lustre was the optimal choice to be at the helm of a company that is regarded as one most successful asset management companies in the Philippines.
As PAMI President and CEO, Mr. Lustre intends to propel the company to new heights with the intention of providing Filipinos with smart investment opportunities, while still promoting the current PAMI products that have given multiple Filipinos financial success.
About Philam Asset Management (PAMI)
Philam Asset Management, Inc. (PAMI) is an asset management company that administers, distributes and provides investment advisory to nine mutual funds. PAMI is a wholly owned company of Philam Life – the country’s premier life insurance company– which is a member company of the AIA Group, the largest pan-Asian life insurance group that has a unique heritage of serving the world’s most dynamic region for more than 90 years.
Established in 1992, PAMI is one of the largest asset and wealth managers in the mutual fund industry with more than PhP40 Billion Assets under management as of June 30, 2014. A major contributor to the development of the Philippine mutual fund industry, PAMI is a leader in asset management in the Philippines, managing nine funds from different asset classes for different client risk appetites namely: Philam Managed Income Fund, Philam Bond Fund, PAMI Global Bond Fund, and Philam Dollar Bond Fund, Philam Fund, PAMI Asia Balanced Fund, PAMI Horizon Fund, PAMI Equity Index Fund and Philam Strategic Growth Fund.
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