MANILA – President Ferdinand R. Marcos Jr. has appointed Rafael D. Consing Jr. as the President and Chief Executive Officer (CEO) of the Maharlika Investment Corporation (MIC).
Mr. Rafael D. Consing Jr. presently serves as the Executive Director of the Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) under the Marcos administration, overseeing day-to-day operations, ensuring the timely delivery of investment projects, and providing policy recommendations to advance the President’s investment and economic agenda.
A seasoned C-level executive, Mr. Consing brings a wealth of experience in corporate governance, mergers and acquisitions, corporate finance, global capital markets, stakeholder relations, and business strategy development. His career spans successful transitions from regional investment banking to senior corporate management and government advisory roles.
Before joining government service, Mr. Consing held prominent positions in the private sector, including:
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.
His extensive experience also includes roles at Bankers Trust Company and Multinational Bancorporation.
A graduate of De La Salle University, Manila, Mr. Consing completed the Stanford University Graduate School of Business’s Emerging CFO: Strategic Financial Leadership Program in 2016.
Mr. Consing is expected to play a crucial role in enhancing MIC’s investment strategies and contributing to the economic growth and prosperity of the Philippines.
The Maharlika Investment Corporation, established under Republic Act (RA) No. 11954, acts as the primary vehicle for mobilizing and utilizing the Maharlika Investment Fund (MIF) for investments aimed at generating optimal returns. This aligns with the government’s broader objective of job creation, poverty reduction, and sustaining economic growth.
MIC’s responsibilities include governing and managing the Fund, upholding the Santiago Principles, and ensuring transparency and accountability. Coordination with relevant institutions is integral to MIC’s strategy.
As President and CEO, Mr. Consing’s key responsibilities include:
Establishing a diversified portfolio of investments in local and global financial markets and other assets.
Managing and investing contributions to the Fund in accordance with RA No. 11954.
Accepting and managing investment mandates for income generation.
Developing skills in finance, economics, risk mitigation, good governance, and related areas.
Implementing international best practices aligned with the Santiago Principles.
Appointed for a three-year term by the President of the Philippines, Mr. Consing will work closely with the executive management and the Board, ensuring MIC’s continued contributions to the nation’s long-term economic prosperity.
