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JJ Atencio, Luis Yu, Mariano Martinez take control of PCCI

The three businessmen behind mass housing company 8990 Holdings Inc. are venturing into financial services with the acquisition

The three businessmen behind mass housing company 8990 Holdings Inc. are venturing into financial services with the acquisition of the Philippine Commercial Capital Inc. (PCCI).

Inquirer?s Biz Buzz said the 8990 founders – JJ Atencuo, Luis Yu, and Mariano Martinez – have bought into PCCI, a pioneer in the local investment banking scene.

Apart from the 8990 controlling shareholders, former Security Bank officials – Rafael Algarra and Federico Galang – are also expected to join the PCCI team both as a shareholder and oficer.

Galang will serve as president and CEO while Algarra will serve as EVP of PCCI.

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