Citadel Pacific Ltd. (CPL) recently established its regional operating headquarters (ROHQ) in Manila, Philippines.
Now operating under the business name Citadel Pacific Ltd.-ROHQ, the head office will cater to its subsidiaries by extending a myriad of services. “The ROHQ will provide functional leadership in the areas of Mergers and Acquisitions, Planning and Appraisal, Finance Advisory, Controllership, Treasury, Contracts and Procurement, Human Resources, Legal, Information Technology (IT) and Governance and Risk Adviser (GRA). Basically, ROHQ will be a ‘service provider’ to the operating companies. Cost optimization benefits will be kept at CPL level,” explains CITADEL Chief Legal Officer Atty. Abigail Tan.
“The establishment of the ROHQ presents both immediate and prospective advantages to the Group.” shares CITADEL Group CFO Willie Sarmiento. “The ROHQ will effectively assist in enabling the group to integrate new business opportunities and asset acquisitions. Moreover, since its setup allows the build-up of Business Intelligence (BI) capability, centralized data and trend analysis will now be possible with a high level of data accuracy. The resulting BI reports and publications will in effect lead to more sound, pragmatic and fact-based decision making processes.”
Likewise, since it will be operating on shared resources, it is expected that the costs of the Group will be effectively and considerably reduced. More than this, with the centralization of services in one entity, there will be greater stability, flexibility, and efficiency in operations. “Our clients can expect even better services from us in view of our current setup. They can be more assured that the personnel handling their transactions are certified experts in their respective fields”, says Sarmiento. ■