GT Capital Holdings Welcomes Leadership Changes in Federal Land and FNG

Incoming Federal Land President Mr. Jose Mari H. Banzon (left) and incoming Federal Land Vice-Chairman Mr. William Thomas F. Mirasol (right)

GT Capital Holdings, Inc. (GTCAP) announced key leadership role changes within its wholly owned property subsidiary Federal Land, Inc. (Federal Land) and within Federal Land NRE Global (FNG), the property company’s joint venture with Nomura Real Estate Development, Co., Ltd. of Japan, effective January 1, 2025.

William Thomas F. Mirasol, currently President of Federal Land and FNG, has been promoted to the role of Vice-Chairman of Federal Land, concurrent with his role as President of FNG. On the other hand, Jose Mari H. Banzon, currently Finance Director of Federal Land, has been appointed President of Federal Land. GT Capital welcomes these leadership changes in Federal Land and FNG as the holding company enters the new year with optimism for sustained growth.

Mr. Mirasol has played a significant role in Federal Land since joining the company in 2019. With over 31 years of real estate management experience, Mr. Mirasol has driven Federal Land to unprecedented success and solidified its position as a multi award-winning property company. Mr. Mirasol will continue to oversee Federal Land’s strategic international partnerships and joint ventures with leading global brands and corporations.

Mr. Banzon previously served as Executive Vice President and General Manager of Federal Land from January 2006 to 2013. He joined SM Prime Holdings, Inc. in 2013 and was appointed President of SM Development Corporation (SMDC) in February 2020. Mr. Banzon was responsible for expanding SMDC’s portfolio into new formats and markets. He rejoined Federal Land in 2024.

GT Capital is looking forward to working closely with both Mr. Mirasol and Mr. Banzon. In their new leadership roles, they will define the next stage of growth for both Federal Land and FNG, and usher in a new generation of property development products and services that align with GT Capital’s mission of value creation to meet the evolving needs of its stakeholders.

GT Capital is a major listed Philippine conglomerate with interests in market-leading businesses across banking, automotive assembly, importation, dealership, and financing, property development, life and general insurance, and infrastructure. Its core operating companies are Metropolitan Bank & Trust Company, Toyota Motor Philippines Corporation, Federal Land, Inc., AXA Philippines Life and General Insurance Corporation (AXA Philippines), and Metro Pacific Investments Corporation (MPIC).