Rafael Consing Jr. is Maharlika Investment Corp. chief - ABS-CBN News

Newly appointed president and chief executive officer of the Maharlika Investment Corp. Rafael Consing Jr. Presidential Communications Office

MANILA — President Ferdinand Marcos Jr. has appointed Rafael Consing Jr. as president and chief executive officer of the Maharlika Investment Corp., Malacañang said on Monday. 

The MIC governs and manages the Maharlika Investment Fund. 

The Palace said Consing would have the following key responsibilities:

• 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
• 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 

"The PCEO, appointed by the President of the Philippines for a term of three years, will ensure that MIC continues to make significant contributions to the nation's long-term economic prosperity," the Presidential Communications Office said. 

Consing is the current executive director of the Office of the Presidential Adviser for Investment and Economic Affairs (OPAIEA), "driving the timely delivery of investment projects, and providing policy recommendations to advance the President's investment and economic agenda," the Palace said. 

Prior to joining government service, Consing served in the following positions:

• Senior Vice President & Chief Financial Officer of International Container Terminal Services, Inc. 
• Managing Director roles at HSBC Hong Kong and HSBC Singapore 
• Vice President and Treasurer for Aboitiz & Co., Inc. and Aboitiz Equity Ventures, Inc. 

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.
 

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