George Ty
George Ty | |
|---|---|
Trịnh thiếu kiên | |
 Ty in September 2016 | |
| Born | 18 October 1932 |
| Died | 23 November 2018(aged 86) |
| Nationality | Filipino |
| Education | University of Santo Tomas(dropped out) |
| Known for | Founder and chairman ofMetrobank[1] Chairman Emeritus ofGT Capital Holdings, Inc.[2] |
| Spouse | Mary Vy |
| Children | 5[3] |
George Siao Kian TyOL(Chinese:Trịnh thiếu kiên;pinyin:Zhèng Shàojiān;Pe̍h-ōe-jī:Tīⁿ Siáu-kian18 October 1932 – 23 November 2018) was a Filipino banker and business magnate. He foundedMetropolitan Bank and Trust Company,the second largest bank in both assets and capital in the Philippines. He owned stakes in Federal Land, Inc., theBank of the Philippine IslandsandPhilippine Savings Bank,a Metrobank subsidiary. Ty was the owner of theG.T. International TowerinMakati.
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 theUniversity 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 foundedMetrobank,together with Emilio Abello, Pio Pedrosa and Placido Mapa Sr.[4]Metrobank opened its first branch in 1963 and its first international branch inTaipei,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 foundedGT Capital Holdings Inc.in 2007,[7]a holdings company which has business interests in auto dealership, banking, insurance, power and real estate.
Death[edit]
Ty passed away on November 23, 2018, due to pancreatic cancer.[4]
Honors[edit]
:Order of Lakandula,Grand Cross – (June 4, 2010)[8]
References[edit]
- ^"Board of Directors".Metrobank webpage.Retrieved15 June2018.
- ^"Board of Directors".GT Capital Holdings, Inc. webpage.Retrieved15 June2018.
- ^"George Ty".Forbes.Retrieved23 June2017.
- ^abcde"How persistence got Metrobank its own banking license".Rappler.11 March 2019.Retrieved10 August2023.
- ^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.Retrieved10 August2023.
- ^"Thomasian banking tycoon George Ty, 86".The Varsitarian.University of Santo Tomas. 24 November 2018.Retrieved10 August2023.
- ^"Company Information: GT Capital Holdings, Inc".PSE Edge.Retrieved10 August2023.
- ^"The Order of Lakandula".Official Gazette of the Republic of the Philippines.Retrieved10 August2023.
| Grand Collar (Supremo) | |
|---|---|
| Grand Cross (Bayani) |
|
| Grand Officer (Marangal na Pinuno) | |
| Commander (Komandante) | |
| Officer (Pinuno) | |
| Champion for Life (Kampeon Habang Buhay) | |
- 1932 births
- 2018 deaths
- Deaths from pancreatic cancer in the Philippines
- Filipino bankers
- Filipino billionaires
- Filipino chief executives
- Filipino company founders
- Filipino people of Chinese descent
- Grand Crosses of the Order of Lakandula
- Hong Kong business executives
- Hong Kong emigrants to the Philippines
- Naturalized citizens of the Philippines
- Businesspeople from Manila
- University of Santo Tomas alumni