Nat'l Treasurer Tan moves to PDIC, De Leon heads BTr

National Treasurer Roberto Tan ended his stint at the Bureau of the Treasury (BTr) on head the Philippine Deposit Insurance Corp. (PDIC), making way for the appointment of her successor, Rosalia de Leon, as the new BTr chief.

Finance Secretary Carlos Dominguez III swore in Tan as president of the state-run deposits insurer, and De Leon as national treasurer, the Department of Finance said in a statement on Friday.

Tan replaced Cristina Orbeta, who headed PDIC since 2014.

Tan first served from 2008 to 2012 before assuming the position of executive director at the World Bank in Washington D.C. In 2015, he served again as the BTr chief.

"As head of the BTr, Tan spearheaded several landmark transactions, particularly liability management transactions designed to reduce funding costs, extend the maturity profile and redenominate foreign exchange liabilities to local currency," the DOF noted.

Tan obtained his Master in Business Administration and Bachelor of Arts in Economics degrees from the Ateneo de Manila University. He took up doctoral studies and completed his Master of Arts in Economics at Fordham University in New York.

De Leon, on the other hand, previously held the national treasurer post from 2013 to 2015 prior to her two-year alternate executive director stint at the World Bank group also served by Tan.

She was also the chief of staff to the secretary of Finance from July 2005 to June 2010, and was advisor to the executive director of the Asian Development Bank group comprising the constituency of the Philippines, Pakistan, Maldives, Marshall Islands, Mongolia and Kazakhstan.
 
"In her career at the DOF, her extensive experience in mobilizing funds from the international capital markets covered the successful launch of the 1998 ROP Global Bonds in the aftermath of the Asian financial crisis," the department said.
 
De Leon completed her Bachelor of Arts in Economics degree at the University of the Philippines School of Economics. She holds a Master of Arts in Development Economics degree from Williams College in Massachusetts. — Ted Cordero/VS, GMA News