Ambassador Francisco Acevedo Alba, founder of Prudentialife Group of Companies and a former Philippine envoy to the Vatican, is a topnotch executive with a warm heart for God, his family, and the nation. He is the Philippine's best-known pioneer for pre-need trade (that is, securities provider of life, pension, education plans).
This accomplished Capiceño was born on 3 December 1935 in Capiz (now Roxas City) in the province of Capiz to parents Dioscoro Alba and Rosario Acevedo. He lost his mother due to childbirth infection. While his father settled in Mindanao, Frank (as he is more commonly known) and sister Nieva (now Mrs. Ramon Asis) grew up in the care of maternal grandparents.
Frank's young mind and spirit were nurtured by Capiz institutions, namely: Tanque Elementary School (from Grades 1 to 4), Saint Mary's Academy of Capiz (from Grades 5 to 6), and Colegio dela Purisima Concepcion (1st to 4th year in high school).
Young Frank proceeded on to college with a B.S. Business Administration degree from the University of the East (1955). After a year, he became a Certified Public Accountant. In 1971, he graduated from the Asian Institute of Management's Management Development Program.
It was in 1978 when Frank founded the Prudentialife Group of Companies. Now it is involved with life pension, and educational plans; realty, insurance, financial services; travel and leisure. At one point, his business interests provided employment to tens of thousands of sales people and employees.
Frank is presently the Chairman and President of Akean Resorts Corporation, Board Chairman of Prudential Life Plans Incorporated, Executive Vice President of First Asia Realty & Development Corporation, and Vice Chairman of Fuego Hotels & Property Management.
Amidst Frank's business achievements, however, is a “generous and tireless workman for the Church”. He recounts that having lost his mother at early age, he grew up with his Acevedo grandparents, Aurora Albar and Jose. From his grandfather, he learned the value of hard work. From his grandmother, on the other hand, he acquired a prayerful life. His upbringing saw his grandmother going to daily mass, and the entire family praying nightly rosary with the household staff.
Because of his family's deep spirituality, Frank “learned to talk to God and Mother Mary early in life”. For every family, business, or personal petitions in life, he has had many pleasant and easy conversations with God. His weekly devotions at Our Lady of Perpetual Help Shrine in Baclaran, daily masses and prayerful life have been the secrets behind his success. He believes that people should “pray with not just with words but also in mind and in deed”.
Prior to Cardinal Sin's assignment as Archbishop of Manila, as a college student, he already met the late cardinal (that time Msgr. Sin known for saying beautiful homilies at the Cathedral) in Roxas City one Sunday while vacationing from Manila. Since then, they have been good friends.
Frank, upon the request of Cardinal Sin, successfully helped raise funds for the 1997 International Eucharistic Congress. In another instance, he was tapped by Capiz Archbishop Onesimo Gordoncillo to raise funds for the Cagay major seminary in Roxas City.
It was, however, in 2001 when the biggest spiritual assignment in Frank's life came. He became the Ambassador Extraordinary and Plenipotentiary of the Philippines to the Holy See, upon the invitation of Cardinal Jaime Sin.
With all of Frank's business and church accomplishments, he shares his vision for the Philippines particularly Capiceños: “I would like to see the youth improve on their lives – as their way of thanking God”. In his own capacity, he has had scholars in Capiz who had graduated with honors and became outstanding professionals in their chosen fields.
As Frank would say to his employees and family, “we have an obligation to God and country: to the nation by giving employment, paying taxes, and getting rich honestly.” He believes it is everyone's obligation arising from the Christian challenge that “to whom more is given, more is expected”. He has had missions of charity works, scholarship programs, and donations to orphanages, homes for the elderly, prisons, among others.
Frank could have been an outstanding politician (having been invited to run for positions) but it was clear to him that his calling was in business and church service. And these and more, he accomplished with unequaled brilliance, unmatched dedication, and trusting faith in God. His colleagues and employees attest to his simplicity, humility and faithfulness at work and with clients.
Frank was married to Zenaida (who passed away in 2001) and with whom he has 4 children – Albert, Sonny, Carlos, and Katrina. As a family man, he is gentle, simple and loving to his brood; never failing to provide quality time to them despite his vast professional responsibilities. Currently, he is married to the former Ma. Teresa Castro.
As a wonderful epitome of Christian love, fortitude, and service, we salute one model Capiceño ̶ Ambassador Frank Alba ̶ for his outstanding accomplishments!