Fernando Zobel de Ayala, 48 president an
Manila, PHILIPPINES: Fernando Zobel de Ayala, 48 president and chief operating officer of Ayala corporation gestures during an interview with AFP at their headquarters in Makati suburb of Manila, 07 April 2006. When Don Jaime Augusto de Ayala joined Ayala Corporation 49 years ago it was a conservatively run, low profile family company. Now the reins have been officially handed to his sons Jaime Augusto Zobel de Ayala II, and Fernando. Ayala Corporation recently posted a consolidated net profit of 8.2 billion pesos last year the highest in the history of the company. AFP PHOTO/Jay DIRECTO (Photo credit should read JAY DIRECTO/AFP via Getty Images)
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