Board of Directors

Hans-Ole Madsen, Chairman

Hans-Ole Madsen is the Senior Vice President, Regional Head for Europe and Middle East and Africa of the ICTSI Global Corporate. Concurrently, he is the Chairman of ICTSI DR Congo S.A., Pakistan International Container Terminal Limited and Madagascar International Container Terminal Services, Ltd, a Deputy Chairman of Adriatic Gate Container Terminal; and a Director of the following ICTSI subsidiaries: Pakistan International Container Terminal Limited, Baltic Container Terminal Ltd., Batumi International Container Terminal LLC; Basra Gateway terminal, Inc., ICTSI (M.E.) DMCC, ICTSI Middle East DMCC, ICTSI Nigeria, Madagascar International Container Terminal Services, Ltd. and Kribi Multipurpose Terminal SAS;

Mr. Madsen has more than 30 years of international experience within the port, shipping & logistic industry.

Lirene Mora-Suarez, Director


Lirene is ICTSI’s Director for Global Corporate Legal Affairs. She joined ICTSI in 2007 as Industrial Relations Officer and has since held several positions in the Legal Department, including Regional Counsel for Asia Pacific.

Lirene has been elected as a Director in ICTSI subsidiaries in Papua New Guinea – Motukea International Container Terminal Ltd. and South Pacific International Container Terminal. Concurrently, she is a Director of Bauan International Port, Inc., Laguna Gateway Inland Container Terminal, Inc.  and South Cotabato Integrated Port Services, Inc.; a Director and Corporate Secretary of Abbotsford Holdings, Inc., IW Cargo Handlers, Inc. Manila Harbor Center Port Services, Inc.; a Corporate Secretary of Catalyst Logistics Incorporated, Sevilla Brokerage Incorporated, Intermodal Terminal Holdings, Inc., IWI Container Terminal Holdings, Inc.; and Assistant Corporate Secretary of ICTSI Subic, Inc., Subic Bay International Terminal Corporation and Subic Bay International Terminal Holdings, Inc. Lirene is also the Corporate Secretary of ICTSI Foundation, Inc.

She graduated with a Bachelor of Arts degree in Philosophy (Summa Cum Laude) from the College of Social Sciences & Philosophy and Juris Doctor degree from the College of Law of the University of the Philippines, Diliman. Lirene was recognized as the 2019 Woman Lawyer of the Year and a finalist for the 2019 Young Lawyer of the Year by the Asian Legal Business Philippine Law Awards. In 2023, Lirene received recognition from The Legal 500 as she was selected to be part of the inaugural General Counsel Powerlist Philippines.

Asif Raza, Director


Mr. Asif Raza Khan has over 25 years of diversified professional experience in financial services industry at various management posts, mostly with multinational banks in many countries like UK, Australia, UAE, and Pakistan. He is a risk management and controls specialist, and carries considerable experience of working in different environments. While working with PwC UK, he has undertaken several consultancy assignments for top-tier global investment banks, commercial and retail banks, insurance companies, asset management firms, digital banks, and Fin-Tech companies. Besides, he has also assisted IFAAS and IFC (World Bank Group) teams in delivering advisory and consulting services to Islamic banks, microfinance banks, and others clients based in the UK, Saudi Arabia, Bahrain, Qatar, and Oman.

Mr. Asif Raza Khan is a Certified Director, holds an MBA (Banking and Finance), and a Postgraduate Diploma (Islamic Banking and Finance). He is an associate member of various professional bodies, such as, Institute of Public Accountants of Australia, Institute of Financial Accountants of UK, Institute of Certified Public Accountants of Pakistan, Institute of Corporate Secretaries of Pakistan, and many others. He also holds Diploma in Advanced Computer Studies that has helped him in efficiently managing emerging technology and information security risks including supply chain risks. He has attended many international seminars and conferences, advanced financial management courses and training from institutions of international repute in Pakistan and abroad.

Mr. Asif has financial and trading interests in Pakistan, UK, and UAE in various sectors like financial services, professional services, fin-tech, construction, real estate, retail (e-commerce), transportation and logistics; and is also a director in few other companies. Currently, he is associated with an African bank in London (UK) and reshaping and transforming the bank’s risk management and credit admin functions focusing on strategic risk, credit risk, capital risk, market risk, liquidity risk, conduct risk, operational risk (including operational resilience, cyber and information security, third party risk, model risk), compliance risk, and Environmental, Social, and Governance (ESG) risks. He has authored many articles on banking, Islamic banking and finance, and various risk management and internal controls topics.

Jacob Christian Gulmann, Director

Jacob Christian Gulmann is the Director of Business Development of the ICTSI Group. Prior to joining ICTSI in 2013, he held positions in finance and business development in the A.P. Moller-Maersk Group.

Mr. Gulmann holds a Bachelor's Degree from Oxford University and Master's degree from the London School of Economics.

Rune Rasmussen, Independent Director

Rune Rasmussen has more than 15 years of extensive experience in asset management, directing large investment projects and portfolios, business transformations and facilitating change management. He previously held senior management roles in Valais Investment Management, Dexia Bank and Acuma Wealth Management.

Mr. Rune holds a Masters degree in Economics and Bachelor in Arts and Economics from the University of Copenhagen

Bilal Shahid, Director

Bilal Shahid has more than 15 years of diversified professional experience in seaport development, port operation management, multinational logistics services, transport, warehousing, stevedoring and off-dock container terminal operations. He has served as  Director of numerous companies in the Bilal Group.

A Certified Public Accountant from New Jersey, USA, Mr. Shahid also holds Bachelor of Science degree in Accounting from Louisiana State University.

Arnie Dizon Tablante, Director

Arnie was appointed on September 15, 2021 as the Treasurer of ICTSI. Prior to such role, he was the Risk and Capital Director of ICTSI. Concurrently, he is also a Director in Motukea International Terminal Ltd., South Pacific International Container Terminal, Ltd., Crixus Limited, and a Director and Treasurer in  South Cotabato Integrated Port Services Inc., Falconer Aircraft Management, Inc. Prior to joining ICTSI, he was already a seasoned banker, having been connected with UnionBank of the Philippines.

Arnie received his Master’s Degree in Business Administration from the Asian Institute of Management, and holds a Bachelor of Science degree in Industrial Management Engineering from the De La Salle University.