Gaisano firm gets investment house license from SEC

The Securities and Exchange Commission has approved the registration of the Gaisano family-owned Vicsal Investment  Inc. as an investment house.

Vicsal Investment is capitalized at P1 billion, P500 million of which has been subscribed and paid for.

Listed as directors of Vicsal Investment include Frank Gaisano who serves as chairman, Financial Executives Institute of the Philippines director Senen Matoto, Jack Gaisano,  Margaret Gaisano Ang, Hyundai Asia Resources Inc. chairman Edward Go and former Energy Secretary Delfin Lazaro.

Vicsal Investment has been formed primarily to help public and private corporations raise money by issuing and selling securities in the primary market.

Investment houses assist public and private corporations in raising funds in the capital markets (both equity and debt) as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions.

The Gaisano family, through holding firm Vicsal Development, has rapidly grown into a multitude of successful ventures which include real estate development, travel agency, stock brokerage, banking and other financial services.

Among the family’s property development projects include Nichols Park and Palmas Verdes.

Vicsal Development currently operates six department stores and supermarkets: Super Metro Mandaue, Metro Ayala Center, Metro Legaspi, Metro Lucena, Metro Market Market and the Metro Gaisano Colon in Cebu.