Ayala Executive and Leadership Team

October, 2026

Leadership Overview

Ayala has 5 executives leading key functions including strategy, operations, finance, and legal affairs.

Driven by a commitment to national development, Ayala transforms industries through expertise in real estate, financial services, water, and telecommunications to create shared value.

Leadership Roles at Ayala

  • President & Chief Executive Officer - Paolo Borromeo
  • President & Chief Executive Officer - Cezar Consing
  • Chief Operating Officer, Makati Development Corporation (Mdc) - Robert Baffrey
  • Chief Finance Officer - Felipe Estrella
  • Chief Legal Officer - Franchette Acosta
  • Paolo Borromeo - President & Chief Executive Officer

    Paolo Borromeo, the President & Chief Executive Officer at Ayala, directs the overarching strategic vision for the conglomerate. Borromeo manages the integration of diverse business units, ensuring that real estate, financial services, and telecommunications sectors align with the broader national development agenda. By fostering innovation across these vital industries, the President & Chief Executive Officer drives sustainable growth and long-term value creation. Paolo Borromeo maintains close collaboration with the Board to refine corporate governance and expand market reach beyond the Philippines. This leadership role involves identifying emerging opportunities that challenge the status quo while maintaining operational excellence. Through rigorous oversight of capital allocation and portfolio management, the President & Chief Executive Officer secures the competitive position of the firm. Ultimately, Borromeo ensures that all business activities contribute positively to the social and economic landscape of the region.
    Paolo Borromeo

    Cezar Consing - President & Chief Executive Officer

    Cezar Consing, the President & Chief Executive Officer at Ayala, focuses on the financial stability and institutional growth of the organization. Consing oversees the expansion of financial services and the optimization of corporate assets to support national infrastructure projects. As the President & Chief Executive Officer, Consing coordinates with external stakeholders and regulatory bodies to ensure compliance and foster public-private partnerships. This role requires constant monitoring of market trends to pivot business models toward high-growth sectors. Cezar Consing drives the implementation of digital transformation initiatives that enhance service delivery across the water and telecommunications portfolios. By prioritizing efficiency and risk management, the President & Chief Executive Officer strengthens the balance sheet and supports the long-term sustainability of the conglomerate. Consing maintains a sharp focus on delivering consistent returns while advancing the core mission of creating shared value for the nation.

    Robert Baffrey - Chief Operating Officer, Makati Development Corporation (Mdc)

    Robert Baffrey, the Chief Operating Officer, Makati Development Corporation (Mdc) at Ayala, manages the execution of large-scale real estate and infrastructure projects. Baffrey directs the daily operations of the development arm, ensuring that construction timelines and quality standards meet international benchmarks. As the Chief Operating Officer, Makati Development Corporation (Mdc), Baffrey oversees the deployment of resources across various urban development sites to maximize project efficiency. This leadership position involves coordinating with engineering teams and project managers to resolve complex logistical challenges. Robert Baffrey drives the adoption of sustainable building practices that align with the environmental goals of the company. By streamlining supply chain processes and optimizing site productivity, the Chief Operating Officer, Makati Development Corporation (Mdc) ensures that real estate ventures contribute effectively to the national economic agenda. Baffrey maintains a rigorous focus on safety and operational excellence throughout every phase of development.
    Robert Baffrey

    Felipe Estrella - Chief Finance Officer

    Felipe Estrella, the Chief Finance Officer at Ayala, manages the fiscal health and capital structure of the entire conglomerate. Estrella directs financial planning, treasury operations, and investor relations to ensure the availability of funds for strategic investments. As the Chief Finance Officer, Estrella oversees the rigorous analysis of business unit performance to identify areas for cost optimization and revenue growth. This role involves working closely with the Board to communicate financial results and long-term fiscal strategies. Felipe Estrella drives the implementation of robust financial reporting systems that provide transparency and support data-driven decision-making. By managing debt portfolios and capital expenditures, the Chief Finance Officer ensures that the company maintains a strong liquidity position. Estrella plays a central role in evaluating potential acquisitions and divestments that align with the broader corporate mission. Ultimately, the Chief Finance Officer secures the financial foundation necessary for sustained innovation and market leadership.
    Franchette Acosta, the Chief Legal Officer at Ayala, directs the legal strategy and regulatory compliance framework for the organization. Acosta manages a team of legal professionals to navigate the complex regulatory environments governing real estate, telecommunications, and financial services. As the Chief Legal Officer, Acosta oversees the mitigation of legal risks and the protection of corporate intellectual property. This role involves providing counsel to the Board and executive leadership on governance matters and ethical standards. Franchette Acosta drives the negotiation of high-stakes contracts and partnerships that facilitate the expansion of business operations. By ensuring strict adherence to local and international laws, the Chief Legal Officer safeguards the reputation and operational integrity of the firm. Acosta maintains a proactive approach to legislative changes that could impact the business model. Through meticulous oversight of litigation and compliance programs, the Chief Legal Officer supports the overall stability and growth of the company.

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    Frequently Asked Questions Regarding Ayala Top Executives and Leadership Team

    Who leads Ayala?
    Ayala is led by Paolo Borromeo (President & Chief Executive Officer), along with executives such as Cezar Consing (President & Chief Executive Officer) and Robert Baffrey (Chief Operating Officer, Makati Development Corporation (Mdc)).
    Who is part of Ayala’s executive team?
    The executive team of Ayala includes leaders such as Paolo Borromeo (President & Chief Executive Officer), Cezar Consing (President & Chief Executive Officer), Robert Baffrey (Chief Operating Officer, Makati Development Corporation (Mdc)) and other senior executives.
    How many executives does Ayala have?
    Ayala has 5 executives leading key business areas.
    What roles are included in Ayala’s leadership team?
    The leadership team of Ayala includes roles such as President & Chief Executive Officer, President & Chief Executive Officer, Chief Operating Officer, Makati Development Corporation (Mdc), Chief Finance Officer, Chief Legal Officer.