Four Filipina CEOs make Fortune’s Asia power list
The Manila Times
06 October 2026
MANILA, Philippines — Four Filipino women executives have been named among Fortune’s 100 Most Powerful Women in Asia for 2026, with Mynt President and CEO Martha Sazon ranking highest among the Philippine contingent at 35th.
Land Bank of the Philippines President and CEO Lynette Ortiz ranked 77th, followed by Megaworld President and CEO Lourdes T. Gutierrez-Alfonso at 87th and UnionBank President and CEO Ana Maria Aboitiz Delgado at 98th.
The four represent key sectors of the Philippine economy, including financial technology, government banking, real estate and commercial banking.
Sazon leads the company that runs GCash, the country’s largest fintech platform, which is preparing to list on the Philippine Stock Exchange on Oct. 20 through an initial public offering that is expected to raise about P61 billion.
The offering is on track to become the country’s largest IPO, with cornerstone commitments from global investors including BlackRock, T. Rowe Price and the International Finance Corp.
GCash has been used by about 90 million Filipinos, while its monthly active users stand at about 41.5 million, according to Fortune.
Ortiz, meanwhile, the 11th president and CEO of LandBank, was appointed to lead the state-run lender in 2023 after three decades in the banking industry. She previously became the first Filipino to serve as chief executive of Standard Chartered Bank Philippines.
Under Ortiz, LandBank posted a record P44 billion in net income in 2025, up 24 percent year-on-year, while declaring P32.6 billion in dividends to the national government in 2026.
Gutierrez-Alfonso ranked 87th, up from 92nd in the previous year. She has served as Megaworld president and CEO since June 2024 after joining the company in 1990, about six months after its establishment.
Megaworld posted a record P24 billion in net income in 2025 on P86 billion in revenue. However, growth has moderated, with the property developer cutting its 2026 project launches and capital expenditures. Its net income rose 5 percent in the first half of 2026.
Delgado, a fifth-generation member of the Aboitiz family, ranked 98th. She joined UnionBank in 2003 after working at Citibank and became the bank’s president and CEO in January 2025.
In March, Delgado became the first woman to lead the Bankers Association of the Philippines in the organization’s nearly 80-year history. She has also advocated the use of artificial intelligence in banking, comparing its potential impact with the emergence of internet banking.
UnionBank reported P9.9 billion in net income in 2025, down 17 percent from a year earlier, amid one-off charges. The bank generated P83.2 billion in revenue and served 18.6 million customers.