International Container Terminal Services, Inc. (ICTSI) has promoted three officers to key positions within the listed port operator’s group.
Martin O’Neil is now the executive vice president; he was previously senior vice president and global chief financial officer. Also promoted were Rafael Consing Jr., moving up to senior vice president and chief financial officer from vice president and treasurer, and Jose Joel Sebastian, to senior vice president for finance from vice president and controller.
“The promotions aim to further strengthen the company’s oversight and to ensure maximized shareholder returns, both of which are key priorities for ICTSI,” the company said in a press statement.
Reporting directly to ICTSI chairman and president Enrique Razon Jr., O’Neil will be responsible for global corporate finance, controllership, human resources, and corporate affairs and governance. He is also in charge of improving the efficiency of the group’s non-operational spending and capital investment programs globally, working closely with audit and controls teams.
“Martin has had a longstanding relationship with ICTSI and has demonstrated a unique ability to quickly distinguish himself through his leadership, strong financial management and commercial acumen. His efforts have contributed significantly to the growth, development and expansion of ICTSI worldwide,” Razon said.
Prior to ICTSI, O’Neil was managing director of JP Morgan & Co. for 17 years, engaged in a wide range of investment banking activities such as project finance, capital markets and mergers, and acquisitions in Hong Kong, London and New York. For seven years, he was director of JP Morgan Capital Corp., the private equity investment arm of JP Morgan. He was also a founding member and head of the London office of Telegraph Hill Communications Partners from 2001 to 2003.
Consing, on the other hand, was appointed ICTSI vice president and treasurer in April 2007. He began his professional career in 1989 at Multinational Investment Bancorporation. He was also with HSBC from 1999 to 2007, assuming various roles including director and head of debt capital markets for the Philippines and eventually for Southeast Asia, and as managing director and head of Financing Solutions Group for Asia Pacific. He also held positions at Bankers Trust NY/Deutsche Bank and ING Barings. Consing was vice president and treasurer of Aboitiz & Company, Inc. and Aboitiz Equity Ventures, Inc. from 1993 to 1995.
In his new role, Consing will oversee the continuous development and execution of a “best-in-class” financial and operational strategy and associated metrics directly linked to ICTSI’s business goals and objectives. He will also have direct management responsibility for global corporate treasury, investor relations, and corporate insurance.
Meanwhile, Sebastian joined ICTSI in September 2008 as vice president and controller. A certified public accountant, he began his career in 1984 at SGV & Co. He specializes in financial audits of publicly listed firms in the telecommunications, port services, shipping, real estate, retail, power generation and distribution, manufacturing, media, and entertainment industries.
As the new senior vice president and controller, Sebastian will be responsible for global corporate controllership, including financial planning and budget analysis, consolidated financial reporting, corporate accounting, and financial systems and associated policies.
