Four Filipino women executives have been named among Fortune’s 100 Most Powerful Women in Asia for 2026

Four Filipina CEOs make Fortune’s Asia power list

Nazylen Joy Mabanglo
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.

Seven Filipinas made it to Fortune's list of 100 Most Powerful Women in Asia in 2024

LIST: 7 Filipinas who landed in Fortune's Most Powerful Women in Asia 2024 ranking

AYIE LICSI 
Philippine Star
09 October 2024

Seven Filipinas are part of Fortune's list of 100 Most Powerful Women in Asia in 2024.

The business magazine dropped its annual ranking recognizing female business leaders in Asia who are "transforming companies, disrupting industries and driving growth, innovation, and business excellence, whilst inspiring their teams, peers, industries, and the next generation of leaders."

The women in the list come from various industries—from finance, energy, transportation, food and beverages, and hospitality.

China's Grace Wang, the co-founder of Shenzen-based Luxshare, is the most powerful woman in Asia this year followed by Singapore's Helen Wong, CEO of OCBC, and Japan's Makiko Ono, the CEO of Suntory Beverage and Food.

Here's a list of women from the Philippines who made the annual ranking.

Martha Sazon

GCash president and CEO Martha Sazon ranked 38th on the list. Fortune took note of GCash's increase in valuation to $5 billion (P285 billion) in August after an investment from MUFG, Japan's biggest lender. 

Robina Gokongwei-Pe

At no. 48 is Robina Gkongwei-Pe, the president and CEO of Robinsons Retail Holdings and daughter of late entrepreneur John Gokongwei Jr. In January, she's poised to become chairman of the company with Stanley Co taking over her post as CEO.

Lorelie Quiambao Osial

Shell Pilipinas' first female president and CEO Lorelie Quiambao Osial made the list at no. 67. She rose through the ranks in finance and accounting before taking on leadership roles in the United Arab Emirates and Iraq.

Anna Ma. Margarita Bautista Dy

Ranking in 73rd place, Anna Ma. Margarita Bautista Dy became the president and CEO of the country's largest land developer, Ayala Land, in October 2023. She has been part of the company's management committee since 2008 and served as the executive vice president and COO.

Lynnette V. Ortiz

Land Bank of the Philippines president and CEO Lynette V. Ortiz makes the list in 82nd place. She was appointed to the post in May 2023 by President Ferdinand Marcos Jr.

Lourdes Gutierrez-Alfonso

In 85th place is Megaworld president Lourdes Gutierrez-Alfonso, who has been with the company for almost as long as its founder Andrew Tan. Joining in 1990, she has served as COO, and director and chairman of the board.

Rhoda Huang

In 98th place, Rhoda Huang became the first person outside the Gotianun family to become president and CEO of Filinvest Development. Her impressive resume includes stints with JPMorgan Chase, Credit Suisse Philippines, and BPI Capital.