Filtered By: Money

Marcos appoints Rafael Consing as president of Maharlika Investment Corporation

Rafael D. Consing Jr. was appointed president and CEO of Maharlika Investment Corporation

President Ferdinand "Bongbong" Marcos Jr. has appointed Rafael D. Consing Jr. as president and chief executive officer (CEO) of the Maharlika Investment Corporation (MIC).

The Presidential Communications Office made the announcement on Monday.

Consing was appointed early this year as executive director of the Office of the Presidential Adviser for Investment and Economic Affairs (OPAIEA) under the Marcos administration.

He was responsible for running the day-to-day operations of OPAIEA, which drives the timely delivery of investment projects and provides policy recommendations to advance the President's investment and economic agenda.

Consing was also the senior vice president, chief financial officer, and compliance officer of International Container Terminal Services, Inc. (ICTSI).

He was also the director and treasurer of Subic Bay International Terminal Corp., Subic Bay International Terminal Holdings, Inc., ICTSI Subic Inc., Cordilla Properties Holdings, Inc., IW Cargo Handlers, Inc., IWI Container Terminal Holdings, Inc., Cavite Gateway Terminal, Inc., and the treasurer and chief financial officer of Terra Renewables Holdings, Inc. and Terra Solar Philippines Inc.

A graduate of De La Salle University, Consing is also an alumnus of the Emerging CFO: Strategic Financial Leadership Program of the Stanford Graduate School of Business.

The Maharlika Investment Corporation, created under Republic Act (RA) No. 11954, serves as the primary vehicle for mobilizing and utilizing the Maharlika Investment Fund (MIF) for investments in transactions aimed at generating optimal returns on investments.

The MIC's responsibilities include governing and managing the Fund in accordance with the objectives and purposes outlined in RA No. 11954 as well as other relevant laws, rules, and regulations.

Consing is expected to establish a diversified portfolio of investments in local and global financial markets and other assets that align with the Fund's objectives. He will also manage and invest the initial and future contributions to the Fund in accordance with RA No. 11954.

Consing will also develop and foster skills in finance, economics, risk mitigation, good governance, and related areas, consistent with building human resources capacity in the industry. —KG, GMA Integrated News