Ricardo Barcelona

ACADEMIC BACKGROUND * PhD in Management, King's College, London * Master in Business Administration, IESE Business School, Universidad de Navarra, Spain * Bachelor of Arts in Economics, University of the Philippines

PROFESSIONAL AND ACADEMIC EXPERIENCE * Honorary Research Fellow, Imperial College Business School, London, United Kingdom * Professorial Lecturer, School of Economics, University of the Philippines * Founding Research Director: Chair for Energy and Social Development, IESE Business School, Spain / Trustee and Director, IESE Alumni Executive Committee, Spain * Consultant, International Finance Corporation (IFC) * Managing Director, Barcino Advisers Limited, Hong Kong * Head, Global Projects – Structured Finance and M&A, Shell Gas & Power International - The Hague, Netherlands / London, United Kingdom / Managing Director, Shell Gas & Power International Service Company, The Hague, Netherlands * Global Sector Director and Head – Utilities (Power, Gas and Water), ABN AMRO / Rothschild, London, United Kingdom * Executive Director and Head, European Utilities (Power, Gas and Water), SBC WARBURG London, United Kingdom * Analyst, Spanish Equities / Associate Director, Corporate Finance, NOMURA London, United Kingdom and Madrid, Spain * Assistant Vice President JP Morgan Asset Management London, United Kingdom * International Internal Consultant, Schlumberger London, United Kingdom * Manager – East Asia First Philippine Holdings Hong Kong

AFFILIATIONS, AWARDS, AND HONORS * Board Director, South Balibago Resources, Inc. * Trustee and Board Director - UK Philippine Foundation * Top Rated Analyst, European Utilities – Institutional Investors (USA), Extel (UK), Euromoney (UK), Reuters (UK), Greenwich Associates (USA)