Mr. Eduard Alcordo, a Filipino-Australian investment banker, is the current President of the Australia-Philippines Business Council (APBC). He is the Director of First Pacific Capital Underwriters Pty Ltd., an Australian investment banking firm with holdings in China and the Philippines, which was set up by him in 1989 together with some Australian investors. Mr. Alcordo has been involved in project development for the past 22 years and in listing companies and underwriting securities since 1989. He has been dealing with the capital market since 1984, having worked in executive positions with First National Securities (a subsidiary of National Australia Bank), Fay Richwhite, Canadian Imperial Bank of Commerce and Advance Bank Australia. First Pacific Capital recently set up a biomass power plant in Queensland, Australia. Mr. Alcordo said that this is the company’s first venture into indigenous fuel use and that there are plans to put up a similar plant in the Philippines.
* * *