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George Siao Kian Ty OL (Chinese : 鄭少堅 ; pinyin : Zhèng Shàojiān ; Pe̍h-ōe-jī : Tīⁿ Siáu-kian 18 October 1932 – 23 November 2018) was a Filipino banker and business magnate. He founded Metropolitan Bank and Trust Company , the second largest bank in both assets and capital in the Philippines. He owned stakes in Federal Land, Inc., the Bank of the Philippine Islands and Philippine Savings Bank , a Metrobank subsidiary. Ty was the owner of the G.T. International Tower in Makati .
Early life and education [ edit ]
He was born to Norberto Ty and Victoria Ty-Tan. His father, Norberto, founded Wellington Flour Mills.[4]
He attended the University of Santo Tomas , where he enrolled his bachelor's degree in commerce in 1955, but he later stopped his studies, to help his father in their flour mill business.[5]
Because of his philanthropy and contributions in banking industry, his alma mater conferred him a honorary doctorate in humanities, Honoris Causa, on August 7, 2014.[6]
Business career [ edit ]
In 1962, he founded Metrobank , together with Emilio Abello, Pio Pedrosa and Placido Mapa Sr.[4] Metrobank opened its first branch in 1963 and its first international branch in Taipei , Taiwan , in 1970.[4] The subsidiaries of the company includes Toyota Motor Philippines Corporation, Philippine Savings Bank , SMBC Metro Investment Corporation, and Philippine AXA Life Insurance Corporation.[4]
He also founded GT Capital Holdings Inc. in 2007,[7] a holdings company which has business interests in auto dealership, banking, insurance, power and real estate.
Ty passed away on November 23, 2018, due to pancreatic cancer.[4]
References [ edit ]
^ "George Ty" . Forbes . Retrieved 23 June 2017 .
^ a b c d e "How persistence got Metrobank its own banking license" . Rappler . 11 March 2019. Retrieved 10 August 2023 .
^ Lee Flores, Wilson (10 August 2014). "After 60 years, Dr. George S. K. Ty returns to alma mater UST to receive degree" . The Philippine Star. Retrieved 10 August 2023 .
^ "Thomasian banking tycoon George Ty, 86" . The Varsitarian . University of Santo Tomas. 24 November 2018. Retrieved 10 August 2023 .
^ "Company Information: GT Capital Holdings, Inc" . PSE Edge . Retrieved 10 August 2023 .
^ "The Order of Lakandula" . Official Gazette of the Republic of the Philippines . Retrieved 10 August 2023 .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=George_Ty&oldid=1214447519 "
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