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Board of Trustees and Committees

The corporate powers and functions of GSIS are vested in and exercised by the Board of Trustees composed of the President and General Manager and eight other members appointed by the President, one (1) of whom shall be either the President of the Philippine Public School Teachers Association (PPSTA) or the President of the Philippine Association of School Superintendents (PASS), another two (2) shall represent the leading organizations or associations of government employees/retirees, another four (4) from the banking, finance, investment and insurance sectors, and one(1) recognized member of the legal profession who at the time of appointment is also a member of GSIS.


JESUS CLINT O. ARANAS
President and General Manager

Age: 50
Date of First Appointment: November 7, 2017

  • Arthur Andersen Asia-Pacific Experienced Tax Senior School (Phuket, Thailand; October 6-12, 2000)
  • Arthur Andersen Asia-Pacific New Tax Senior School (Penang, Malaysia; November 16-20, 1998)
  • International Tax Review Asia Tax Forum 2009 (Shangri-La Hotel, Singapore; May 12-14, 2009)
  • Regulation of Derivatives and Structured Finance, International Financial Law Review (Hong Kong Island, Hong Kong; February 24, 2010)
  • Asia Pacific Regional Tax Conference (Marina Bay Sands, Singapore; April 16-17, 2015)
trustee luga
  • 46th SGATAR Annual Meeting (Organized by the Inland Revenue Authority; New Zealand; November 20-24, 2016)
  • SGATAR Taskforce 2016 2nd Workshop (Face-to-Face meeting) (Singapore; October 3-4, 2016)
  • SGATA-OECD Transfer Pricing Programme and SMU-TA Centre for Excellence in Taxation Annual Conference: The Future of Tax Reforms for Growth and Protection of Revenue Base (Singapore: September 9-11, 2016)
  • 2017 SGATAR Taskforce (Face-to-Face meeting) (Organized by the New Zealand Inland Revenue Authority; New Zealand; March 27-28, 2017)
  • Strengthening the Capability of the RUN AFTER TAX EVADERS (RATE) Program Seminar (BIR Office Quezon City; August 30-31, 2017)

President and General Manager (PGM) JESUS CLINT O. ARANAS started his career in 1994 as a legal assistant at the office of the late Senator Raul Roco. In 1996, he moved to SGV & Co. as tax supervisor and, in 2000 worked as tax consultant in the Balmeo Bautista & Peñasales Law Offices. In 2003, PGM Aranas founded his own law firm – the Aranas law office – where he also served as Managing Partner until June 2016. Upon the assumption of President Rodrigo Roa Duterte, he was appointed as Deputy Commissioner of the Bureau of Internal Revenue to lead its Legal and Inspection Group.

With over 20 years of experience in the field of taxation, he is recognized in the tax community as a competent and incorruptible practitioner. He is also known for his exceptional background in tax, corporate, and business laws. He has proven his remarkable capacity in the fields of domestic and international transactional taxation; local business and real property taxation; international tax treaties; corporate reorganizations; immigration law; value-added tax (VAT) rules; expatriate taxation; transfer pricing; estate tax; customs laws; and tax assessment refund.

PGM Aranas is a member of the Philippine Bar Association, an organization of the nation’s highly-esteemed lawyers. He also maintains strong links with the Tax Management Association of the Philippines and the Japanese business community in the country.

He finished his Bachelor of Laws Degree in Silliman University and Bachelor of Science in Commerce, Major in Business Administration at the Philippine School of Business Administration.

Chairman Maldia WILFREDO C. MALDIA – Trustee
Age: 68
Date of First Appointment: December 9, 2016
Trainings / Seminars Attended:

  • 2004 – Executive Risk Management Training Program for Senior Management conducted on October 26, 2004 at Intercontinental Hotel, Makati City
  • 2010 – International Financial Literacy Briefings conducted on April 9 – 19, 2010 in New York, USA. “The Premier Business Leadership Series” Conference held on October 26-28, 2010 in Las Vegas
  • 2012 – Forum on Financing Agriculture conducted by World Bank on 29 March 2012 in Kampala, Uganda
  • 2015 – Corporate Governance Seminar conducted by Center for Global Best Practices on July 15, 2015
  • 2016 – Anti-Money Laundering & Terrorist Financing Prevention Seminar conducted by BSP-AMLA Council in ROPALI Plaza, Ortigas in July 2016

Trustee WILFREDO C. MALDIA graduated with a Bachelor of Science degree in Agriculture, major in Agricultural Economics from the University of the Philippines Los Baños, Laguna in 1969. In 1979, he also completed his Bachelor’s degree in Commerce major in Accounting from the Polytechnic University of the Philippines, and immediately obtained his license as a Certified Public Accountant (CPA). He earned his Master’s degree in Business Administration from the Philippine Christian University in 1984.

Currently, Trustee Maldia holds various directorship positions in the private sector. He sits as an independent director in the Board of the First Valley Development Bank and as member of the Board of ROTECO, Yamang Lupa’t Dagat Corporation, and CEAM Corporation.

Prior to his appointment to the GSIS Board, he served as senior adviser to the Ropali Group of Companies, and as director of the Farmers Savings & Loan Bank, Inc. and Banco Alabang Inc. (A Rural Bank). He also worked as a consultant to the Asian Development Bank as financial & organizations specialist for Agricultural Development Bank of Nepal, Agricultural Credit Specialist for Bangladesh Krishi Bank, and as rural credit specialist of the Estanislao Lavin & Associates. He was likewise the financial specialist/expert of the Urban Integrated Consultants, Incorporated and Livestock Development Program Office (LDPO) & the Kilusang Kabuhayan at Kaunlaran (KKK). He also worked as Farm Manager at Universal Robina Corporation, a private company engaged in food manufacturing business.

Trustee Maldia has also worked in the government sector for about 40 years, of which, 36 years were spent at the Land Bank of the Philippines (LANDBANK). He started his career at LANDBANK as a senior project analyst in 1976 (for 3 years), after a short stint working as an agronomist and researcher in the Bureau of Plant Industry and Bureau of Agricultural Economics, respectively, from 1971 to 1974. With his passion to work, he consistently rose from the ranks. In 2007, he became the Executive Vice President and head of the LANDBANK’s Agrarian and Domestic Banking Sector (ADBS) covering the agrarian, banking and lending operations until his retirement in 2012. With his leadership, Trustee Maldia has developed and introduced various innovative lending programs in the field of agriculture and finance.

As ADBS head, he also chaired various committees, namely: Domestic Banking Loans Committee, Branch Operations Committee, Official Development Assistance Bids and Awards Committee, ADBS Sectoral Committee. He was likewise a member of the Board of LANDBANK subsidiaries (i.e, Masaganang Sakahan Incorporated and LANDBANK Insurance Brokerage Inc), and member of the Governing Board of the Agricultural Guarantee Fund Pool.

In 2008, he was recognized as one of the most distinguished alumni of the University of the Philippines – Los Baños.

JOCELYN DE GUZMAN CABREZA – Trustee
Age: 60
Date of First Appointment: October 25, 2016
Trainings / Seminars Attended:

  • 2014 – Public Corporate Governance- Land Bank of the Philippines
  • 2011 – Applied Treasury and ALM Best Practices
  • 2009 – ICD Working Session on Corporate Governance
  • 2008 – Corporate Governance / Development of Rating System
  • 2004 – Regional Conference of the ASEAN Confederation of the Institutes of Internal Auditors- The Institute of Internal Auditors-Philippines and Information Systems Audit and Control Association
  • 2004 – Risk Management in Banking – Sweden (sponsored by SIDA)
trustee cabreza

Trustee JOCELYN DE GUZMAN CABREZA comes to GSIS with impeccable professional credentials. A certified public accountant and a master’s degree holder, Trustee Cabreza was an Executive Vice President of Land Bank of the Philippines before her appointment to the GSIS Board. She was also a former Director of the Land Bank Resources Development Corp. and the Land Bank Countryside Development Foundation.

A seasoned banker, she is equipped with 37 years of extensive experience in various areas of banking and finance, internal audit operations and strategic policy formulation and implementation. She has established a track record of integrity, professionalism and strong work ethic in the corporate world.

Trustee Cabreza started her career as an auditor of Commission on Audit, assigned at the Philippine National Bank. In 1982, she joined Land Bank as branch accountant and steadily climbed the ladder to become EVP in 2012. As EVP/Sector Head for the Branch Banking Sector, she supervised the bank’s 362 branches and extension offices nationwide, remittance operations in 25 countries, credit card operations, electronic banking and conditional cash transfers operations. She is credited for the bank’s deposit growth of more than 100% during her term as EVP, enabling the bank to reach the trillion-peso mark in total assets. She attributed this feat to the support and cooperation of the employees.

Trustee Cabreza currently chairs the GSIS Audit Committee and is a member of the Risk Oversight Committee. She is also a Director of National Reinsurance Corp of the Philippines and Banco Laguna Inc.

Having risen from the ranks, the new trustee has a “heart for the people.” She believes that the most valuable asset of an organization is its people. She also considers her appointment as an opportunity to serve fellow government workers.

trustee luga

LT.GEN. ALAN R. LUGA AFP (RET) – Trustee
Age: 58
Date of First Appointment: November 16, 2016

  • 2014 – Professional Directors Program, conducted by the Institute for Corporate Directors (ICD) on August 28 – 29, 2014
  • 2014 – Basic Non-Life Insurance, conducted by AFP General Insurance Corporation
  • 2014 to 2016 – Strategic Planning Seminar Workshop, conducted by Professor Jose Navarro. September 2014, September 2015, September 2016.

Trustee ALAN R. LUGA (LTGEN, RET., AFP) obtained his Bachelor of Science Degree from the Philippine Military Academy in 1981. In 1994, he acquired his MBA units from the Ateneo De Manila University Graduate School of Business. He completed a Master’s Degree in Military Arts and Science at the US Army Command and General Staff College in 2002.

Trustee Luga is the current President and CEO of AFP General Insurance Corporation. He is also a member of the following insurance organizations: Insurance Institute for Asia and the Pacific, Inc., Philippine Insurers and Reinsurers Association, Philippine Insurers Club, and the Philippine Machinery Management Services Corp.

Prior to his appointment to the GSIS, he was the Vice Chief of Staff of the Armed Forces of the Philippines before his compulsory retirement on May 12, 2014 after 38 years of continued military service. From 2012 to 2013, he served as Commander of the AFP Southern Luzon Command. He was also the Commander of two Infantry Brigades (the 802nd Infantry Bde and the 1001st Infantry Bde) from 2008 to 2011 and the Commander for the 7th Infantry Division of the Philippine Army in 2012. He was a member of the GRP Peace Panel for the GRP-MILF Peace Talks as the Chairman of the ADHOC Joint Action Group, OPAPP in 2011 – 2012. In 2005 – 2006, he was the Chief of the AFP Command Center as well as the Secretary, Army General Staff. He was deployed as Deputy Commander of the Philippine Battalion for the International Forces in East Timor and later as Chief Plans of the Peace Keeping Force of UNTAET in East Timor from 1999 to 2001.

Trustee Luga has held various military and corporate positions. He was the Chairman of the Board of the Camp Aguinaldo Golf and Country Club from 2013 to 2014, and of the AFP Housing Board on the same years. He was also a member of the Board of Directors of the Riviera Sports & Country Club, Inc. from 2014 to 2016, and served as a member of the AFP Board of Generals from 2013 to 2014.

DR. KAHAR H. MACASAYON, Al-Hadj, CESO VI – Trustee

Age: 64
Date of First Appointment: October 26, 2017

  • ASEAN Council of Teachers (ACT) Convention (Bangkok, Thailand, 2015; Malaysia, 2013; Seoul Korea, 2016; Dong, Vietnam, September 2017)
  • Educational International Asia-Pacific Regional Conference (Kuala Lumpur, Malaysia, 2013; Kathmandu, Nepal, October 2017)
  • Annual Convention, Council for Exceptional Children (New York City and Gaylord Opryland, Nashville, Tennessee, USA, 2010)
  • Arabic Language and Islamic Values Education (ALIVE) Tour (Jakarta, Indonesia; Kuala Lumpur, Malaysia; Bangkok, Thailand, 2009)
  • School Management Study Tour, Basic Education Assistance for Mindanao (BEAM) Adelaide and Melbourne (Australia, 2005)
  • Asian Institute of Management (AIM) – DepEd Management Development Program Batch 4
trustee macasayon

Dr. Kahar H. Macasayon, Al-Hadj, has been the national president of the Philippine Public School Teachers Association (PPSTA) since 2013. He is also the schools division superintendent of Department of Education-City Schools Division of Koronadal City, Region XII.

He was the president of the Region XII Public School Teachers and Employees Association from 2012 to 2015.

His leadership ability in the public school system over the past 32 years led to the improvement of the human resource structure and efficient management of the district educational system. In Kidapawan City, he was instrumental in creating four additional districts for secondary schools and supported the establishment of six schools for indigenous peoples in School Year 2016-2017.

Trustee Macasayon also partnered previously with the Kidapawan local government in sponsoring public school teachers for scholarships in graduate studies.

Besides fulfilling his responsibilities in the Philippine public education system, he was a Board Member of the Philippine National Red Cross – Sultan Kudarat Chapter; Vice Chairman of the South Cotabato PNP Provincial Advisory Council; and President of the internationally registered Sultans Toastmasters Club for two years. He is also a member of the Philippine Association of School Superintendents and Region XII Association of Career Executive Officers.

Trustee Macasayon holds a doctorate and a master’s degree in educational management. Aside from English, Tagalog, and Arabic, he also speaks Maguindanaoan, Ilonggo, and Ilocano.

trustee sasin ANTHONY B. SASIN – Trustee
Age: 76
Date of First Appointment: December 9, 2016

Trustee ANTHONY B. SASIN graduated with a degree in Bachelor of Science in Business Administration – Major in Management, from the Ateneo de Davao University.

Prior to his appointment, he served as Undersecretary for the Office of the Presidential Adviser for New Government (2007-2008); as Presidential Assistant for Regional Concerns (Southern Mindanao); and as Barangay Captain of Barangay 3A, Davao City (1971-1972).

In the private sector, Trustee Sasin was Executive Director for the Don Antonio Floirendo, Sr. Foundation; Executive Vice President for Industrial Relations Division of Anflo Management and Investment Corporation; President of Grand Aide Manpower Services, Inc.; and General Manager of Cougar Security Agency and Davao Motor Sales Corporation.

Currently, Trustee Sasin is the Management Consultant and a Member of the Board of Anflo Management and Investment Corporation. He is also the President of Masters Port Services, Inc. (MPSI).

Trustee Sasin is a staunch advocate and defender of workers’ rights and interests. He has been a member of the National Directorate of the Trade Union Congress Party (TUCP Partylist) since 2009 and was elected as its Vice President in March 2016.

NINA RICCI YNARES-CHIONGBIAN – Trustee
Age: 46
Date of First Appointment: December 9, 2016

Trustee NINA RICCI YNARES-CHIONGBIAN obtained her degree in Business Management from De La Salle University in 1993. She also attended law school at San Beda College of Law from 1993 to 1996.

After graduating from college, she began her career in the real estate industry. She also has a passion for food which led her to culinary classes, locally and abroad, namely at the Lorenzo de Medici Université in Florence, Italy in 2001 and at the Le Cordon Bleu in Florence, Italy. She is also an undergraduate at the Philippine School of Interior Design.

trustee sasin

In 1992, she served as the Junior Philippine Women’s Club President-Binangonan Chapter until 1998. She eventually became her father’s chief of staff and liaison officer at the Governor’s Office during his term. Trustee Ynares-Chiongbian is currently serving as the Treasurer of the Manila Luxury Condominium Corporation and JNM Realty and Development Corporation.

She is the daughter of Former Governor Casimiro “Ito” Ynares, Jr. and incumbent Governor Rebecca “Nini” Alcantara – Ynares.

She is married to James Chiongbian II and a proud mother of 2 boys – James Roy III and Casimiro.