YUCHENGCO: AN INTEGRATED AND DIVERSIFIED FAMILY BUSINESS
Two generations of the Yuchengco family have strived to build a group of companies that have a positive economic impact on the Philippines
The Yuchengco Group of Companies, (YGC), a corporate empire established by Filipino-Chinese business tycoon Alfonso T. Yuchengco, encompasses construction, engineering, information technology, and investments, which include banking, insurance, automotive vehicles, travel and tourism. YGC is among the premier conglomerates in the Philippines, and is one of the largest and most diverse groups in South East Asia.
YGC draws its origins from China Insurance and Surety Co., a non-life insurance firm established by family patriarch, Don Enrique Yuchengco. Following the death of Don Enrique in 1953, the reins of the company was passed to his son, Alfonso. Charting new directions marked by rapid growth and expansion, Mr. Yuchengco branched out into diversified fields, paving the way for the birth of the present-day conglomerate.
YGC employs more than 14,000 people, and its roster of business enterprises and investments includes four flagship companies: Rizal Commercial Banking Corporation, The Malayan Group of Insurance Companies, Great Pacific Life Assurance Corp. (Grepalife), and House of Investments, Inc. The group's vision focuses not only on impressive returns but also on the social responsibility of its business activities, resulting in the 1970 formation of a fifth member, AY Foundation, Inc., which serves as its social development arm.
The YGC corporate logo represents integrated financial services and is equally symbolic of how the member companies of the group complement one another's efforts to promote economic growth. Despite its diversity, the group has remained a solid, well-directed unit, deriving its strength from its synergy.