President Ferdinand Marcos named Rafael Consing Jr. as President and Chief Executive officer (CEO) of the Maharlika Investment Corporation, Malacañang said on Monday.
“Mr. Consing is expected to play a pivotal role in enhancing the corporation’s investment strategies and contributing to the economic growth and prosperity of the Philippines,” the Presidential Communications Office said in a press release.
According to the PCO, Consing has various experiences in corporate governance, mergers, acquisitions, corporate finance, global markets, stakeholder relations, and business strategy development.
Consing is the current Executive Director of the Office of the Presidential Adviser for Investment and Economic Affairs (OPAIEA).
He previously served as the chief financial officer of International Container Terminal Services Inc. (ICTSI) and has also worked at Aboitiz & Co., Inc. and Aboitiz Equity Ventures, Inc., among others.
Consing has “profound depth of experience in corporate governance, mergers and acquisitions, corporate finance, global capital markets, stakeholder relations, and business strategy development,” the PCO said.
“He is also well-versed in global corporate governance and has had a successful transition from regional investment banking to senior corporate management and government advisory,” it added.
Consing is a graduate of De La Salle University, Manila, and completed the Stanford University Graduate School of Business’s Emerging CFO: Strategic Financial Leadership Program in 2016.
Among his responsibilities as the president and CEO of the MIC are:
– Establish a diversified portfolio of investments in local and global financial markets and other assets that align with the Fund’s objectives.
– Manage and invest the initial and future contributions to the Fund in accordance with R.A. No. 11954.
– Accept and manage investment mandates aimed at increasing income for development goals.
– Develop and foster skills in finance, economics, risk mitigation, good governance, and related areas, consistent with building human resources capacity in the industry.
– Implement international best practices in investing and managing assets in line with the Santiago Principles and other globally-recognized standards of transparency and accountability.
