Laguna—(PHStocks)—Cirtek Holdings Philippines Corp. (CHPC, PSE: TECH) announced today the appointment of Diosdado Banatao as Adviser to the Board of Cirtek Group and Roberto Juanchito Dispo as Group Vice Chairman and President of CHPC, effective January 4, 2016.
Banatao is a renowned Silicon Valley pioneer, entrepreneur and philanthropist who has been credited with developing several key semiconductor technologies such as five-chip set, system logic chip set for IBM’s PC-XT and PC-AT and graphic accelerator chip using his invention of local bus. He was also part of SiRF, where it started the consumerization of GPS after it has been declassified by the US Government. He is the founder and managing partner of Tallwood Venture Capital.
Dispo is a seasoned investment banker with more than 17 years of considerable experience in capital raising, investments, strategic acquisition and asset management. He is credited for creating successful financial products such as rTBs, OFWs Bonds and the country’s first ETF and has also led several of the country’s largest and landmark equity and debt capital markets deals.
He also worked for the PH government with stints in Department of National Defense, Department of Trade and Industry, and Department of Finance. His last government post was Deputy Treasurer of the Philippines with the rank of Assistant Secretary and he was credited for key debt and capital markets reforms such as issuance of long term Treasury Bonds, Bonds Re-Issuance and operationalization of the electronic treasury system, the Registry of Scripless Scurities (RoSS) that led to dematerialization of physical Treasury Bills and Bonds.
“As Cirtek moves from strength to strength and scales up its business activities, technology capabilities and geographic presence, Dado Banatao’s expertise and industry foresight will be invaluable to the company’s future,” said Cirtek’s Chairman Jerry Liu. “Likewise, Jojo Dispo’s proven track record as an investment banker, capital markets expertise, and extensive business network will further strengthen Cirtek’s already very capable management team as it pursues strategic asset acquisitions here and abroad.”