Former UP president named new MAP head

by Othel V. Campos

Alfredo “Fred” Espinosa Pascual was named the new president of the Management Association of the Philippines for 2022. Pascual is the 73rd president of the MAP since its inception in 1950.
A governance advocate, Pascual serves as the lead independent director at SM Investments Corp. He is also an ID at other publicly-listed companies, including Megawide Construction and Concepcion Industrial.

His board seats include nonprofits and other organizations, such as Institute of Corporate Directors, Institute for Solidarity in Asia, FINEX Academy, University of the Philippines Foundation, Philippine Council for Foreign Relations and US-Philippines Society. He led ICD as president and CEO in 2018 to 2019.

From 2011-2017, Pascual served as president and co-chair of UP—a system comprised of eight constituent universities with 17 campuses across the country.

He spearheaded ambitious reforms and innovative programs to transform UP into a research-intensive university, raise its international standing, and strengthen its public service capabilities.

He enabled UP to generate significant increases in financial resources from government budget allocations, private donations and income-generating projects. Extensive modernization and expansion of the campuses’ physical facilities, research laboratories, cyber-infrastructure and information systems became possible under his leadership.

Before becoming UP president, he was alumni regent on the UP board. He also served as trustee at International Rice Research Institute and Philippine Institute for Development Studies.
Prior to becoming an academic leader, he worked at Asian Development Bank for 19 years (1989-2008) in various positions, including director for private sector operations, director for project finance, advisor for public-private partnership and senior investment officer.

He authored a strategy that provided the framework for ADB’s efforts to promote the private sector as the engine of economic growth. He oversaw various infrastructure and financial sector projects in several Asian countries such as China, India, Vietnam, Pakistan, Philippines, Indonesia and Afghanistan.

He had postings at ADB’s resident offices in India and Indonesia. He represented ADB on the corporate boards of over a dozen investee companies (e.g., banks, funds, financial institutions, and manufacturing firms) in China, India and the Philippines.

Earlier on, Pascual took a management educator role in the 1980s as finance professor at the Asian Institute of Management. His duties at AIM included the directorship of the Advanced Bank Management Program.

At present, his other affiliations include being a member and past president of Rotary Club of Makati, honorary member of Philippine-American Association of Scientists and Engineers and president of the global Association of Former Employees of ADB.

He graduated from UP with an MBA and a BS Chemistry degree. UP and four other universities have conferred honorary doctorates on him. His other recent honors include the Philippine Presidential Lingkod Bayan Award, CEO Excel Award from IABC PH, Asia Circle of Excellence for Global Filipino Executives, UP Alumni Association Lifetime Distinguished Achievement Award and Rotary Golden Wheel Award for Higher Education.

The other MAP officers for 2022 are Donald Lim, COO of DITO CME Holdings Inc. as vice president; Wilson Tan, chair and country managing partner of SGV & Co. as treasurer; Romy Bernardo, managing director of Lazaro Bernardo Tiu & Associates as assistant treasurer; Mann Hontiveros, managing director of CEO Advisors Inc. as secretary; and Alex Cabrera, chair emeritus and ESG Leader, Isla Lipana & Co./PwC Philippines as assistant secretary.

The other MAP governors are Cielito Habito, chair of Brain Trust Inc.; Chito Salazar, president of PHINMA Education Network; and Babes Singson, president and CEO of Metro Pacific Water.