Felix “Bing” Limcaoco, Jr. was born in 1930. He took over the businesses of his father and started LICA’s real estate developments and automotive companies. As President and later on, Chairman of Luzon Development Bank, he has greatly expanded on banking operations. Aside from this, Bing has extended his knowledge and skills by serving the country as Administrator for the National Electrification Administration, as Director for NAMFREL (National Movement for Free Elections) and as Director of the Philippine Chamber of Commerce and Industry.

Today, he is the Chairman Emeritus of LICA’s various companies and the F.T. Limcaoco Foundation. Before, he worked as an engineer at California Texas Oil and a banker at the Philippine National Bank. He attained his education at the Philippines’ prestigious universities, Ateneo de Manila University, the University of the Philippines, and abroad at Cornell University, where he earned his Masters Degree in Electrical Engineering. He was awarded the Most Distinguished Alumnus by the University of the Philippines School of Engineering.