adavid

Antonio H. David
Potomac, Maryland
Accomplished Professional and Community Leader

Antonio “Bong” David has always been an accomplished
professional and community leader. On his return to
headquarters in Washington, D.C. in 1998 from his IFC posting in
Jakarta, Indonesia, he has become a community leader first and
an accomplished professional second.
The highlights of Bong David’s Academic, professional and
community involvements are as follows:

Valedictorian in elementary (1961) and high school (1965)
in Don Bosco Pampanga and honor/dean’s list in college
(B.S. Civil Engineering, University of the Philippines 1971)
and post graduate (Masters in Business Management,
Asian Institute of Management 1973).
During college, was youth leader of the Historical
Conservation Society and every Sunday drove volunteers
on a weapons carrier to Sapang Palay, Bulacan to help
settlers carve out terraces on the hill for planting of
vegetables and other cash crops.
At age 19 was incorporator and at age 21 was director of a
regional savings and loan association, Guagua Savings.
From 1974-1982, was Head of Investment Banking
Operations of the Private Development Corporation of the
Philippines (PDCP); became Vice President at age 30.

1982-1984, was Vice President & Treasurer of the late Roberto T. Villanueva’s Trans-Philippines
Investment Corporation and Treasurer of AGP Industrial Corporation, the holding company of AG&P,
the Atlantic Gulf and Pacific Company.
In 1983, before leaving for the US, was Vice Chairman of the AIM Alumni Association, Executive Vice
President of the National Federation of Don Bosco Alumi, President of the Don Bosco Pampanga
Alumni Association.
In 1984-present, professional staff of the International Finance Corporation (IFC), the private sector
affiliate of the World Bank, and over the years worked on almost all of Asia and now on Southern
Europe and Central Asia, primarily Turkey.
In 1993-1998, was posted as IFC’s Chief of Mission and Regional Representative for Indonesia and
Malaysia, and responsible for relationships in Singapore as well, with the rank of an ambassador as
head of a United Nations agency.
Two terms as President of the World Bank Group-IMF Filipino Association and Chairman of the
Washington D.C.-Mayland-Virginia Filipino-American community’s Philippine Festival 2002.
Awards: in 1980, given the Presidential Award as Outstanding Financial Executive by the Financial
Executives Institute of the Philippines; and in 1994, given the distinguished Triple A Award as the Most
Outstanding Alumnus for the Philippines by the Asian Institute of Management.
Chairman and President of the H&R Realty and Development Corporation (Philippines)

Bong had two terms as President of the World Bank Group-IMF Filipino Association, leading some 600
Filipinos and Filipino-Americans in Bretton Woods institutions. Before his posting to Indonesia, he was Vice
President in 1987-88 and Adviser in 1989-94. Together with his team of highly motivated officers and
advisors, he has revitalized the Filipino Association at the World Bank and the IMF and integrated it with the
Filipino-American community in Washington DC, Maryland and Virginia by way o his policy of inclusion and
transparency. The Association’s community of such diverse topics as “The Filipino Moslem Dilemma” and “Is
There Life after the World Bank?” have served as the community’s intellectual gathering s and have helped
promote unity within the community.

Bong was the former Chairman of the Washington DC-Maryland-Virginia community’s Philippines Festival
2002. He was Vice Chairman the previous year. The Philippine Festival is now a 15 year tradition of month-
long celebrations in June honoring and showcasing Philippine culture amongst Filipino-Americans. This
involves six months or preparations to marshal the resources of the whole community, in close collaboration
with the Philippine Ambassador and senior embassy officials, with the objective of raising valuable funds to
support sustainable livelihood programs in the Philippines and local community.

Professionally, Bong is currently Manager for Portfolio and Credit-General Manufacturing for Southern Europe
and Central Asia of the International Finance Corporation, the private affiliate of the World Bank. He is
responsible for IFC’s investments of over US$1.0 billion in 15 countries primarily Turkey, Croatia, Bulgaria,
Romania, Albania, Macedonia, Moldova, Serbia & Montenegro, Bosnia & Herzegovina, Azerbaijan,
Kazakhstan, Kyrgyztan, Tajikistan, Uzbekistan, and Turkmenistan.

Bong holds a Civil Engineering degree form the University of the Philippines (1971) and a Masters in
Business Management from the Asian Institute of Management (1973).
He has consistently been valedictorian and class president in elementary and high school in Don Bosco
Pampanga and in the honors/dean’s list in college and in post graduate. In 1994, received the distinguished
Philippine Triple A-AIM Alumni Award from the Asian Institute of Management.

Before IFC (1973-82), Bong was Vice President and Head of Investment Banking Operations of the Private
Development Corporation of the Philippines (PDCP)- the private sector development finance institution in the
Philippines and the first ever syndication client of IFC. His compact group of about 15 professionals was
responsible for syndications (quite a number placed with IFC), underwriting/private placement, and fund
management. As part of his responsibility, he also acquired and managed Trinity Shares, one of only two
open-ended mutual funds in the country then and had oversight and coordinating responsibility for PDCP’S
subsidiaries in non-life insurance, Makati Insurance (he led the acquisition team for this) and stock broking,
Jalandoni, Jayme, Adams. He was also one of the two lead persons involved in the negotiations for PDCP’s
acquisition by Far East Bank, then in need of an investment bank to complete its universal banking
organization.

In between PDCP and IFC (1982-84), Bong was Vice President and Treasurer of the private holding company
of PDCP’s then chairman, the late Roberto T. Villanueva, at a point when he was implementing the transition
to his family’s second generation and professional team. The firm had several sugar mills (Binalbagan
Isabela), the largest construction company (AG&P), insurance, handicraft exports and a New York-based
foundation garment manufacturer with international operations (Royal Undergarments). It was a significant
shareholder in Far East Bank and PDCP as well.

Bong joined IFC in 1984 and worked on practically all countries in East Asia and South Asia until summer of
199. In 1992-93, he was Head of South Asia Division (in the unified Asia) and for a good part of that time was
shuttling between Washington D.C. and New Delhi as concurrent Regional Representative during the early
days of the enhance IFC New Delhi regional hub operations.

From 1993-98, Bong was posted in Jakarta as IFC’s Chief of Mission and Regional Representative for
Indonesia and Malaysia, and took care of IFC’s Singapore relationships as well. Bong held the rank of
ambassador, as head of a United Nations agency. In Jakarta, he was very much involved with IFC’s financial
markets operations- including developing new investments and private equity fund investments.

On return to headquarters in 1998, Bong managed IFC’s South Asia’s Portfolio Unit. In summer 1999, he
moved as Division Manager of the then Southern Europe Department’s Financial Markets Division and
concurrent anchor officer for Turkey and Bulgaria. In the reorganized Southern Europe & Central Asia
Deparment, in 2000 to spring 2001, he was Country Leader for Turkey and Azerbaijan.

Bong David has always had a community orientation, even in the Philippines.

In high school at Don Bosco Pampanga, Bong was an Assistant Scoutmaster, normally a position
reserved for faculty, charged with the responsibility of training elementary scouts. He spent his
Sundays serving at least 2 masses in barrios in San Fernando Pampanga and was the Don Bosco
high school representative in the Student Catholic Action.
In his college freshman summer in 1966, Bong joined the De La Salle Culion Palawan Expedition
organized by the Historical Conservation Society led by its president Alfonso Felix, Jr. The expedition,
comprising some 20 volunteers, boarded a Navy frigate to Culion and spent 2 weeks to build a small
dam that would irrigate the rice fields of the leper community.
Bong stuck it out with the Historical Conservation Society. Through his college years every Sunday
without fail, rain or shine, Bong led a hardy bunch of youth volunteers and drove a rehabilitated military-
issue weapons carrier from the UP Diliman campus to the Sapang Palay Bulacan squatters
resettlement area. The group, over a period of 3 years, built terraces alongside the hill slopes for the
settlers to plant cash crops on. A tale he can tell his grandchildren- on one of thos Sundays under
heavy rain, Bong had to overspeed back up to the UP Diliman campus in his weapons carrier, arrived
some 20 minutes late, while dripping wet took his accounting semestral exam and found out later that
he aced it.
In the 1960’s to 1970’s, Bong had the distinction of being the only youth voting member of the
Historical Conservation Society. Apart from the above volunteer projects, the Society researched,
raised funds and rehabilitated historic churches such as the Majayjay church, It also published over
the years its multi-volume History of the Philippines.
In the second half of the 1970’s, Bong was the subject chairman for Financial Management of the
Graduate School of Business of Ateneo University while holding a fulltime job running the investment
banking operations of the PDCP. He thus helped some 250 professionals attain their MBA degrees.
As a professional, Bong was an active volunteer in Junior Achievers Philippines, helping provide
leadership training to outstanding high school students.
Prior to his leaving for the US, Bong was Executive Vice President of the National Federation of Don
Bosco Alumni in the Philippines (while serving as President of the Don Bosco Pampanga Chapter)
and Vice Chairman of the Asian Institute of Management Alumni Association Philippine Chapter.
Bong has continued a tradition of giving in the Philippines: provided education grants to deserving
students in Ipil, Zamboanga del Sur in support of the program of Bishop Federico Escaler, SJ;
supported the congregations of the holy Face in Mexico Pampanga, Santa Clara in Betis, Pampanga
and Fr. Rocky Evangelista’s Tuloy Foundation for Street Children in Alabang Rizal. More recently, Bong
and Chelo undertook fundraising among the Guagua Pampanga US residents for the Rehabilitation of
their hometown cathedral ravaged by Pinatubo.

For all the above and his outstanding professional career, the Asian Institute of Management awarded Bong
the 1994 AIM Triple A Award for the Philippines. #

Washington D.C. Since 1987

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Washington D.C. Since 1987