In 2009, a Filipino lawyer met an Italian Architect and Real Estate Developer in Manila. The two developed an immediate rapport about green architecture and sustainable development. From here, Arch. Romolo Nati shared his projects and ideas with Atty Jose D. Leviste III. Shortly after this encounter the two established ITALPINAS with the promising prospect of developing Eco-friendly mixed-use buildings in the Philippines.

Company Heads

Romolo Nati

Chairman, Chief Executive Officer
Arch. Romolo Nati

Executive Chairman and CEO at Italpinas Development Corporation

Romolo Valentino Benedetto Nati, (born February 14, 1968) known as Romolo Nati or RVN, is a multi-awarded Italian architect and businessman with interest in sustainable development (energy and real estate).

He graduated “summa cum laude” in architecture at “La Sapienza” University of Rome and he holds an Executive MBA from Asian Institute of Management (AIM), an international management school established in partnership with Harvard Business School and considered as the best in terms of executive education in the Asia-Pacific region by Asiaweek magazine (a TIME publication).

He is the current Executive Chairman and CEO of Italpinas Development Corporation (IDC), an Italian-Filipino real estate development firm which held its initial public offering (IPO) on Monday, December 7, 2015, that specializes in the design and development of sustainable buildings.

He is also the Vice Chairman of the Philippine renewable energy company Constellation Energy Corporation (CEC) that focuses on acquiring, financing and developing small to medium-scale renewable energy projects across the Philippines.

Architect Nati is also the Chairman of IDC’s official leasing company Damiani Property Management and Services, Inc.


Jose D. Leviste III

Director, President
Atty. Jose Dayrit Leviste, III


42 years old, Filipino, earned his degree in Law at the University of New South Wales in Australia and was Associate Attorney at Toda & Co. Commercial Lawyers in Australia.

Atty. Leviste also serves as the President of the Company’s sister company, Constellation Energy Corporation.

Rather than being only a legal advisor, Atty. Leviste is also in charge of strategic decision for the company, such as acquisition of new properties and agreements with different partners.

He also helps conceptualize the Company’s plans for future expansion. Moreover, he prepares and reviews various documents related to project contracts, buyer’s contracts, brokers’ agreement and all other legal-related documentations. Atty. Leviste is also President of Constellation Energy Corporation and as well as Asian Arc Philippines.

He is a Director of Pacific Rim Innovation and Management Exponents, Inc. and Ankar Pharma.

Atty. Shennan A. Sy

Director, Treasurer
Atty. Shennan A. Sy


53 years old, Filipino, passed the CPA board exam in 1991 and was admitted to the Philippine Bar in 1996.

He got his Bachelor of Arts degree, Major in Economics and Bachelor of Science in Commerce, Major in Accounting (Cum Laude) in De La Salle University.

He was also a Juris Doctor (Salutatorian) in Ateneo de Manila University. He got his Master of Laws from the University of Michigan as a Fullbright Scholar and DeWitt Fellow. He was formerly a Senior Associate, Banking, Finance, and Tax Group, in Quisimbing Torres (member firm of Baker and McKenzie International).

He is currently a Principal in Kalaw, Sy, Vida Selva and Campos Attorneys and Counsellors-at-Law. Atty. Sy is also a Director in Abundant Homes Realty, Batangas Realty Incorporate, Business Incubators Group Services, Inc., Eight Golden Fruits Holdings, Inc., Fortitude Ventures, Inc., General Memorial Corporation, and Sugarcane Holdings Inc. just to name a few.

Atty. Dionisio A. Tejero

Atty. Dionisio A. Tejero


80  years old, Filipino, founding and senior partner of the law firm D. A. Tejero & Amoranto Law Offices.

He was a vice-president and associate general counsel of San Miguel Corporation when he retired on December 31, 1990 after more than 17 years of service.

He was also San Miguel’s lead counsel in Industrial Relations.

His service and advice covered the development of Industrial Relations Strategies and policies for Collective Bargaining Agreement (CBA) negotiations and its administration, effective communications programs, the training and development of managerial personnel, enhancement of labor productivity and the promotion of industrial peace.

He has also been a resource person for seminars and training programs on Labor Relations and Technology Transfer conducted by the U.P. Law Center, SOLAIR, the Department of Trade and Industry, the Department of Labor and Employment and various companies.

He finished his Bachelor of Arts course in 1962 and Bachelor of Laws in 1967 at the University of the Philippines. He passed the Bar Examinations in 1967 and has been a law practitioner since then.

Jose G. Araullo

Independent Director
Mr. Jose G. Araullo

Independent Director

84 years old, Filipino, held various top management positions for over 14 years in a group of companies that includes the country’s largest commercial bank.

Joe was senior vice president of the bank itself and held CEO- and COO-level positions in the network’s savings bank, credit card, securities and investment companies.

He was president of PICPA in 1985 and again in 1986, and of the Bankers Institute of the Philippines in 1985.

In 1992, PICPA honored him as Most Outstanding CPA in Public Practice. He obtained his bachelor’s degree in accountancy from San Beda College, which selected him in 2001 as one of the Outstanding Bedans of the Century, and established the Jose G. Araullo Distinguished Professorial Chair in Auditing in recognition of his significant contributions to the advancement of the accountancy profession.

Mr. Araullo is also the Chairman of The Real Bank (A Thrift Bank), Inc. He is also President of Fontana Resort and Country Club, Inc. as well as a Director in Philippine Savings Bank.

Rafael A. Dominguez

Independent Director
Mr. Rafael A. Dominguez

Independent Director

53 years old, Filipino, Mr. Dominguez served as Director, SVP, and Owner’s Representative of The Linden Suites from the year 2004 up to June 30, 2016.

Thereafter, up to the present date, he is serving as The Linden Suite’s President and Owner’s Representative.

He is also presently a director of Marco Polo Davao and PTFC Redevelopment Corporation, for which he has served as such since 2004 and 2009, respectively.

He graduated from Xavier University, Ateneo de Cagayan in 1991, and obtained his Master’s Degree in Business Administration in 2001 from Boston College.

Major Gen. Emeraldo C Magnaye

Major General Emeraldo C Magnaye

Independent Director

Major General Emeraldo C Magnaye, 62 years old, Filipino, graduated as “Magna Cum Laude” and No. 2 in PMA “Matikas” Class of 1983. He earned his Bachelor of Science Degree in Electrical Engineering at the University of the Philippines Diliman. His civilian schooling includes: Graduate Diploma in Information Systems at University of Melbourne, Graduate Course in Business Economics at University of Asia and the Pacific, locally conducted Executive Course in Governance and Management of Defense by the Defense Academy of United Kingdom locally conducted in Manila by Cranfield University and the 15th Executive Course on National Security by the Defense Management Institute at the National Defense College of the Philippines. Some of his military education includes: Philippines-Australia Integrated Logistics Support Awareness Course, Basic Staff Course at Royal Australian Air Force (RAAF) College, Point Cook Australia, Instructors Technique Course in RAAF Base Williamtown, Command and Staff Course at Air Command and Staff College, PAF and a lot more. While he was the Vice Commander of the Philippine Air Force, he was appointed as trustee of the Mutual Benefit Association, Inc. (MBAI). After his retirement in the AFP on May 20, 2016, he was designated to manage the Mactan Island Golf Club in Lapu-Lapu City Cebu, one of the premier golf club in Central Visayas, while serving as elected trustee of AFPSLAI for more than one term before he was chosen as its Executive Vice President and General Manager. He was later elected as the President and CEO of the association until July 21, 2020.

Giuseppe Garofalo

Chief Operating Officer
Giuseppe Garofalo

Chief Operating Officer

34 years old, Italian, earned his degree in Civil Engineering at the University of Calabria in Italy.

He also has a Master’s degree in Structural Engineering at the Polytechnic of Turin (Italy).

He is the overall head of the design and Engineering of IDC.

As Project Director, he also oversees the construction of all IDC projects in Cagayan de Oro and Batangas as well as future projects under development.

Atty. Christine P. Base

Atty. Christine P. Base


52 years old, Filipino, is the Corporate Secretary and designated Compliance Officer of the Company.

She is also the Corporate Secretary and a member of the Audit committee of the Anchor Land Holdings, Inc. since April 10, 2007.

She is currently a Corporate and Tax Lawyer at Pacis and Reyes, Attorneys and the Managing Director of Legisforum, Inc. She is the Corporate Secretary of Araneta Properties, Inc., Active Alliance Incorporated, Asiasec Equities, Inc. and Ever-Gotesco Resources and Holdings, Inc.

She is a director and/or corporate secretary of several private corporations.

She was an Auditor and then Tax Lawyer of Sycip, Gorres, Velayo & Co. She is a graduate of Ateneo De Manila University School of Law with a degree of Juris Doctor.

She passed the Bar Examination in 1997. Ms. Base is also a Certified Public Accountant. She graduated from De La Salle University with a degree of Bachelor of Science in Commerce major in Accounting.

Atty. Michael John A. Tantoco Jr.

Corporate Secretary
Atty. Michael John A. Tantoco Jr.

Corporate Secretary

Michael John A. Tantoco Jr.’s practice is currently focused on corporate and commercial transactions, publicly listed company compliance, energy, data privacy, immigration, estate settlement, labor, and litigation.
Atty. Tantoco’s experience extends to assisting clients, both local and foreign, in matters concerning their incorporation, structuring, reorganization, regulatory compliance, mergers and acquisitions, due diligence, legal opinion drafting, compliance by publicly listed companies, energy related matters, data privacy compliance and best practices, visa application and renewal, estate settlement, and
civil and criminal litigation.
Atty. Tantoco also represents clients before several regulatory bodies such as the Securities and Exchange Commission, Philippine Stock Exchange, Philippine Economic Zone Authority, Department of Energy, Energy Regulatory Commission, Bureau of Immigration, Bureau of Internal Revenue, Department of Labor and Employment, National Labor Relations Commission, and various Trial Courts.
Atty. Tantoco received his bachelor’s degree in Business Management with a Minor in Entrepreneurial Development from the Ateneo de Manila University in 2013 and graduated with his Juris Doctor degree at the Ateneo Law School in 2017. He was admitted to the Philippine Bar in 2018 and joined the firm the same year.

Nomination Committee

Chairman: Rafael Dominguez
Members: Jose D. Leviste III
Guiseppe Garofalo

Compensation and Remuneration Committee

Chairman: Rafael Dominguez
Members: Shennan A. Sy
Romolo V. Nati

Audit, Risk Oversight and Related

Chairman: Jose Araullo
Members: Jose D. Leviste III
Shennan A. Sy

Corporate Governance Committee

Chairman/Compliance Officer:
Jose D. Leviste III
Members: Jose G. Araulo
Shennan Sy


Harold J. Dacumos

Senior Vice President, Banking and Business Operations Management
Harold J. Dacumos

Senior Vice President for Banking and Business Development

69 years old, Filipino, has over 30 years of experience in the field of banking and finance.

He is responsible for the sourcing of funds and the overall financial and accounting management of the company.

He also supports the company in business development and strategic planning.

He maintains good and long-term business relationships with banks, other financial institutions and investors to support the company’s financial requirements to develop its various projects.

Mr. Dacumos graduated from the University of the Philippines, Diliman with a degree in Business Administration. He also has a Master’s degree in Urban and Regional Planning from the same University.

Mr. Dacumos also has a Masters in Business Administration from De La Salle University.

He also attended the Senior Business Economic Program from the University of Asia and the Pacific.

Mary Ann B. Lopez

Vice President, Finance and Administration
Mary Ann B. Lopez

Vice President and Head of Finance and Accounting

54 years old, Filipino, is a Certified Public Accountant who is responsible for taking the lead in continuously improving the company’s accounting and internal control systems and monitors the implementation and maintenance of accounting policies and procedures.

She exercises functional supervision over the finance and accounting units based at the Primavera Sales Office and Miramonti.

Clara Marie Asuncion G. Elizaga

Senior Director for Operations and Investor's Relations
Clara Marie Asuncion G. Elizaga

Senior Director for Operations and Investor's Relations

  • Graduate in De La Salle University (Graduated Cum Laude - B.S. Industrial Design 1992-1996)
  • Master in Business Administration Major in Strategy (Research Topic is Organizational Climate Graded Excellent 2016 - 2018)
  • Business Management and Entrepreneurship (Goldman Sachs 10,000 Women Beneficiary) – 2009

From University of Asia and the Pacific in partnership with IESE

(Instituto de Estudios Superiores de la Empresa) Business School, Spain)

  • Licensed Environmental Planner (PRC Board Passer 2019)

Highlight of her Work Experience

 Director for Corporate Affairs and Branding  May 2017 – present

  • Created and implemented marketing and sales strategies. Reported to top management the overall performance of the department. Ensures clarity of objectives and aligns team towards corporate goals.
  • Build and maintain good relationships with the community and prospective business partners. Headed external affairs, issues management, relations management and corporate affairs of the company Mall

Manager (Senior Manager)
SM City Cagayan de Oro  2010 – 2016

  • Served as Senior Manager at the SM Group of companies, the largest Mall operator in the Philippines
  • Ensured profitable mall operations and delivery of targets in accordance to management directive and revenue and net income expectations. Prepares financial requirement of the branch. Oversee daily operations and mall property maintenance
  • Ensured compliance in government regulations. Implements guidelines, policies and procedures in accordance to standards set by the company

General Manager
Nazca Graphic Design and Photography  1998 – 2010

  • Facilitated projects on graphic design, photography and creation of corporate promotional materials
  • Served as Art Director and lead Graphic Designer
  • Coordinated with writer and photographer and professionals


Environmental Planner
PRC board passer June 2019

Ms. Gladys M. Echano

Senior Director for Sales
Primavera Sales Office
Gladys M. Echano

Senior Director for Sales – Primavera Sales Office

45 years old, Filipino, is a licensed Real Estate Broker who is responsible for the sales force management, sales accounts management, business development, market research, advertising and promotions, events organization and public relations representing IDC’s Primavera Sales Office in Cagayan de Oro.

She graduated with a degree in Business Management at the Xavier University, Ateneo de Cagayan.

Italpinas Development Corporation ™
Corporate Profile

Phone: +63 2 8893 0328

28th Floor Unit 28C, BPI
Philam-Life Building
6811 Ayala Ave, Makati City
Metro Manila, Philippines
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This material and this presentation have been provided by IDC Development Corporation and is a general background on IDC current activities at the date of this presentation. The information is given in summary and does not purport to be complete. This presentation may contain forward-looking statements, including statements regarding our intent, belief or current expectation with respect to IDC businesses and operations, market conditions, and anticipated results of operation. IDC does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after date hereof to reflect the occurrence of unanticipated events. While due care has been used in preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts any hypothetically examples are subject to uncertainty and contingencies outside IDC’s control.