For many, the formula to business success is knowledge, plus expertise, plus capital. However, one person will tell you that “Business is all about networking”. Against many odds, friends and partners founded Global Dominion Financing, Inc. (GDFI) in 2003, aiming to empower Filipinos to achieve their goals and dreams through its loan products and services. One of its founders is its current chairman, Ruben Y. Lugtu II, or as many call him, Chairman Rubby or RYL.
Chairman Rubby is said to have a lot of secrets about his success --- the secret ingredients many would like to discover. It all started years before the founding of one of the country’s leading non-bank financial institutions (NBFI) in 2003.
He is a “global” chairman per his leadership traits and qualities, although he’s literally gone global too. “When I was young, many people had so much more than I had, so I learned to grab every opportunity that comes to me, big or small,” he said. “I remember saving up to be able to buy a plane ticket, so I could experience it for the first time,” he added with a grin on his face.
One of the 30+ businesses and organizations under his watch, GDFI was co-founded with his friend, Robert B. Jordan Jr. (Global Dominion’s CEO). When asked to give the best description of RYL, Mr. Jordan said, “He is a good judge of character.” And that takes us back to networking. Chairman Rubby is friends with Mr. Jordan for over 25 years now, starting from simply venturing into businesses together at a very young age.
“The key in growing a business is getting the right people.”
When asked how he feels about the success he’s achieved so far, he said, “I don’t consider myself successful yet. I have just started; I have a long way to go – WE have a long way to go.”The Chairman seems to be enjoying his journey with his team and his family.
Sharing is in RYL’s blood too. Patricia Poco-Palacios, Global Dominion’s President and COO, described him as ‘fun to be with’ and ‘generous’. For the chairman, hosting events for friends and family is a small price to pay for memories and experiences of making his loved ones happy. “Ang sarap magbigay eh!” he exclaimed.
Mr. Lugtu went as far as supporting new financing companies, despite them potentially becoming future competitors, saying “Who am I not to share my knowledge if it is for the better of more people?” “Chairman Rubby is a friend that everyone would want to have. He is generous, loving, caring, and always very thoughtful. We, his friends, are blessed to have him as our brother,” Ogie Alcasid, the singer-songwriter and one of the chairman’s friends shared. “He is a firm believer in ‘walang iwanan’ and will not falter to pick up someone who is in need of help,” Mr. Alcasid added.
But his story alone already serves as a gift of inspiration to many. Young Rubby was never spoiled. He shared that he had to earn money on his own when he was starting and ensured to extensively study business opportunities before he even takes a leap. His father’s ‘unconventional’ display of his love has driven him to work hard and become stronger amidst challenges --- a story a lot of us can certainly relate to.