Corporate Profile
First Abacus Financial Holdings Corporation (FAF) is a publicly listed financial holdings and investment company that owns some of the country's best performing financials services companies, among them:
- Abacus Securities Corporation
Stockbroker/Dealer, member of the Philippine Stock Exchange - Abacus Capital and Investment Corporation
Licensed investment house, member of the Investment House Association of the Philippines - Vista Holdings Corporation
Property holding company and owner of the office units used by the Abacus Group
First Abacus traces its beginnings to the establishment of Abacus Securities Corporation in 1991. Abacus Securities, one of the largest local stockbroker house and consistently among the top fifteen in the country today, gained membership in the Manila Stock Exchange (now the Philippine Stock Exchange) in March 1992. With the success and growth of Abacus Securities, Abacus Capital and Investment Corporation, a licensed and full-service investment house was established in 1995.
First Abacus was officially established in 1996 when the Abacus Group took control of Seven Seas Oil and Management Corporation, a publicly-listed oil exploration company. The Abacus Group undertook a corporate restructuring that involved changing the former company's corporate name and primary purpose from oil exploration into financial services holding and as an investment company. The corporate structuring was completed with the folding in of the various companies of the Abacus Group into what is now known as First Abacus Financial Holdings Corporation.
Company's Vission Mission Statement
We aim to provide the best value integrated financial services to our clients. In the process, Filipinos from all walks of life are enabled to become part of of the capital and equities market. Toward this end, the prospect of having shared progress and prosperity become stronger.
Board Of Directors
The Board of Directors of FAF is comprised of prominent financial executives, businessmen and entrepreneurs in the Philippine business community. The board is composed of the following:
| Name | Designation |
|---|---|
| Paulino S. Soo | Chairman, President and Chief Executive Officer |
| Jimmy S. Soo | Treasurer |
| Maria Cristina B. Encarnacion | Director |
| Marie Therese G. Santos | Director |
| Anna Francesca C. Respicio | Director |
| Alden Alfonso M. Castañeda | Independent Director |
| Maria Rita Cecilia P. Arenas | Independent Director |
| Mariel Angeli R. Quines | Corporate Secretary |
| Melanio C. Dela Cruz | Compliance Officer |
Subsidiary Companies
The principal activities of First Abacus are investment holding and provision of management services while its various subsidiaries are involved in:
- Stockbroking
- Debt and Equity Underwriting
- Financial and Advisory Services
- Treasury Products
The Group's stockbroking business is conducted by Abacus Securities Corporation (ASC), consistently among the top ten stockbroker house in the country.
Broad-based investment house activities such as financial advisory and sales of treasury products are carried out by Abacus Capital & Investment Corporation.
Another subsidiary, Vista Holdings Corporation, manages the real estate properties of the Group.
Institutional Strengths
First Abacus draws strength from the synergy of its various components which enables it to actively pursue its goal of becoming a fully integrated financial services group offering cutting-edge, innovative, and customer-oriented financial and investment services. By doing this, the Group hopes to make significant contributions to the development of the local capital and equities market.
To support its growth objectives, the Group has put in place building blocks that serve as its strong foundation.
- Capitalization
First Abacus group has an authorized capital of P1.8 Billion, P1.193 Billion of which has been paid up. - Human Resources
First Abacus Group has within its ranks some of the brightest and most dedicated manpower with considerable experience and track record in various areas of finance. All members of the Group's management team have proven expertise derived from working with reputable institutions, both local and international. The Group has a corporate HR department tasked with the acquisition, management, and continuous development of its people. - Technology
The Group recognizes that technology will be a key factor in business, thus, it has acquired state-of-the-art technology for all areas of its business. First Abacus has an Information Technology Department tasked with the continuous development, monitoring, and evaluation of its technological resource. - Presence in Key Locations
The Group has presence in four key locations: at the Philippine Stock Exchange Centre in Ortigas, Pasig; in the Filipino-Chinese district of Binondo; and in major cities of Cebu and Davao in the Southern Philippines.