Aboitiz Equity Ventures : Asian Institute of Management appoints Erramon Aboitiz as the new Chairman

UnionBank of the Philippines Chairman of the Board of Directors Erramon "Montxu" I. Aboitiz, has taken on a pivotal role as the new Chairman of the Board of Trustees at the Asian Institute of Management (AIM), beginning September 1, 2023. Aboitiz joins an esteemed group of accomplished business leaders who share an unwavering commitment to advancing the growth and well-being of Asia and its people.

Montxu is the 7th chairman of AIM succeeding Peter Garrucho who assumed the role in 2017. Montxu served as the President & CEO of Aboitiz Equity Ventures for a decade from 2009 to 2019, and briefly as the CEO of Aboitiz Power Corporation in 2018. Additionally, Montxu is a former Trustee of the Philippine Disaster Resilience Foundation before Aboitiz Group President and CEO Sabin Aboitiz assumed the same role.

Montxu earned a Bachelor of Science degree in Business Administration with a major in Accounting and Finance from Gonzaga University in Spokane, Washington, USA. In 2011, he received the Management Man of the Year award from the Management Association of the Philippines and was recognized as Entrepreneur of the Year by Ernst & Young. Seven years later, AIM conferred an honorary doctorate degree in management on Montxu.

In 2019, the Aboitiz Group through its social responsibility arm the Aboitiz Foundation, made a US$10 million donation to AIM, marked as the Aboitiz 100th Anniversary Commitment Fund. The said fund is being used to address the local and regional gap in data science and innovation.

With this donation, AIM's Aboitiz School of Innovation, Technology, and Entrepreneurship (ASITE) conducts world-class teaching and research with real-world applications with data science professionals and leaders.