(IPC) (owns 15%) Volkswagen Philippines Maxus Philippines, Inc Kia Philippines, Inc Adventure Cycle Philippines, Inc. (KTM Philippines) ACI Solar Holdings North America Merlin Solar Technologies Inc. AC Industrials Singapore Misslbeck Technologies GmbH Social infrastructure Ayala Healthcare Holdings, Inc. Healthway Philippines Generika - Drugstore chain, with 50% stake MedGrocer QualiMed - Hospitals and clinics, a joint-venture with Mercado General Hospital Inc.(MGHI) and Ayala Land, Inc. Ayala Education, Inc. (AEI) University of Nueva Caceres - Ayala Education's flagship University Affordable Private Education Center, Inc. (APEC Schools) - a joint venture between the Ayala Corporation and Pearson PLC's Affordable Learning Fund (Pearson ALF). It promotes affordable but high-quality education. Professional Employment Program (PEP) National Teacher's College (33%) Nonprofit organizations Ayala Foundation CENTEX Ayala Museum Philippine Development Foundation Ayala Technology Business Incubator Filipinas Heritage Library Ayala Social Initiatives Business process outsourcing, Logistics and Digital businesses LiveIt Investments, Ltd. Affinity Express HRMall Zalora Philippines Divestments Grail Research IQ BackOffice, Inc. The Insular Life Assurance Co., Ltd. - Mutual company owned by policyholders since 1987. Integreon Philippine FamilyMart CVS, Inc. - Joint venture with Stores Specialists, Inc., Japan FamilyMart, and Itochu Corporation. Acquired by Phoenix Petroleum Philippines, Inc. in 2018. Pilipinas Makro Inc. (defunct) - initially a joint venture partnership between Ayala, SM Investments Corporation (SM Prime Holdings), and the Netherlands' SHV Holdings NV formed to own and operate Makro branches in the Philippines. Ayala divested from the company in 2004. Pure Foods Corporation - sold to San Miguel Corporation in 2001. Stream Global Services - sold to Convergys in 2014 for $820 million. Retirement of Jaime Zóbel de Ayala In January 2006, the board of directors publicly announced the decision by Jaime Zóbel de Ayala to retire as chairman of the corporation by April 2006. The board also announced his appointment as chairman emeritus upon his retirement. His eldest son, Jaime Augusto Zóbel de Ayala, succeeded him as chairman and chief executive officer, while his younger son, Fernando Zóbel de Ayala, has assumed the position of president and chief operating officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake (49%) in Ayala Corporation. References External links Ayala Corporation website Ayala at 175 magazine Philippine Stock Exchange Information Page on Ayala Corporation Conglomerate companies of the Philippines Financial services companies of the Philippines Holding companies of the Philippines Companies based in Makati Makati Central Business District Financial services companies