Maccaferri Group inks Retirement Fund Agreement with PNB
The signing ceremony was led by (seated from left) Maccaferri Head of Finance Christian Dale R. Medrano; Maccaferri Country Managing Director Thomas C. Wintermahr; PNB President Florido P. Casuela; PNB Chief Trust Officer Joy Jasmin R. Santos; and PNB Board Adviser and British Chamber of Commerce Philippines Executive Director and Trustee Christopher J. Nelson. Joining them are PNB Trust Banking Group officers (standing from left) Department Head Johanna Michelle R. Go; Corporate Trust Division Head Jaclyn Faith Chua-Lipana; and Senior Marketing Officer Lea Steffi G. Romero.
The Maccaferri Group signed an agreement with Philippine National Bank (PSE: PNB) to set up a retirement benefit plan for the group’s employees. The signing ceremony took place at the PNB Financial Center, Pasay City last February 13.
The Maccaferri Group Employees’ Retirement Plan is a non-contributory plan that covers retirement, disability, death, and separation benefits for eligible employees or their qualified beneficiaries.
The Maccaferri Group includes three companies: Maccaferri Philippines Inc (MPI), Maccaferri Philippines Manufacturing Inc (MPMI), and Infratex Environmental Services Inc (IESI). MPI is a leading international provider of advanced solutions to the civil, geotechnical, and environmental construction markets. With headquarters based in Italy, it is present in more than 130 countries and employs more than 3,000 employees globally.
The retirement agreement was made possible through the PNB Trust Banking Group, which has been providing retirement fund management services to around 300 different companies. With assets under management over 150 billion pesos, PNB Trust Banking Group also offers investment management, fiduciary services, and PNB Investment Funds.
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About The Maccaferri Group
The Maccaferri Group includes three companies: Maccaferri Philippines Inc (MPI), Maccaferri Philippines Manufacturing Inc (MPMI), and Infratex Environmental Services Inc (IESI). Now over 140 years, MPI is a leading international provider of advanced solutions to the civil, geotechnical and environmental construction markets. Its headquarters is based in Italy.?It is present in more than 130 countries and employs more than 3,000 employees globally. It has been in the Philippines for over 20 years.?It delivers innovative, long-lasting and environmentally friendly solutions – from retaining walls to hydraulic works and from rockfall mitigation systems to soil reinforcement. To learn more about its products and solution, visit its website at www.maccaferri.com/ph
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About PNB
Philippine National Bank is one of the country’s largest private universal banks in terms of assets and deposits. It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. To know more about PNB, visit its official website: www.pnb.com.ph.