ICTSI CFO Consing retires to assume Palace role

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Rafael Consing, Jr. (left) and Emilio Manuel Pascua. Photos from ICTSI.
  • International Container Terminal Services Inc.’s chief financial officer and compliance officer Rafael Consing Jr. has retired to take up a position in the Office of the President
  • Consing has accepted his appointment to the Office of the Presidential Adviser on Investment and Economic Affairs
  • Consing is replaced by Emilio Manuel V. Pascua as ICTSI’s CFO

International Container Terminal Services Inc.’s chief financial officer and compliance officer Rafael Consing Jr. has retired to assume a government position under the Office of the President.

The ICTSI Board of Directors said in a regulatory disclosure on January 18 that Consing has accepted his nomination to a position in the Office of the Presidential Adviser on Investment and Economic Affairs.

Consing’s retirement is effective immediately, ICTSI said. He will be replaced by Emilio Manuel V. Pascua as ICTSI’s CFO.

“During his 15 years at ICTSI, the last seven of which as CFO, Joel Consing has made a very significant contribution to the success of the business, and we have accepted his retirement with regret,” ICTSI chairman and president Enrique Razon Jr. said in a statement, calling Consing by his nickname.

“At the same time, we are happy that Joel will be moving on to an important role of national responsibility within the Office of the President of the Republic of the Philippines. I congratulate Joel on this new role outside of ICTSI.”

Consing is a six-time Corporate Governance Asia Awardee for Best CFO (Investor Relations) for Asia – from 2016 to 2021; recognized in 2019 as the Best CFO for Southeast Asia, and 2017 and 2019 Best CFO in the Philippines by Alpha Southeast; he is included in the Institutional Investors 2018 and 2021 All Asia Executive Team; named 2017 CFO of the Year by CFO Innovation; and 2011 Treasurer of the Year – Philippines, by The Asset.

On Pascua, Razon said his “experience will be a great asset to the business, and we look forward to working with him to continue to deliver value to all of ICTSI’s stakeholders.”

Pascua joined ICTSI in 2013 as director of corporate finance. He was appointed director, head of mergers and acquisitions in 2020, and was promoted to vice president of global mergers and acquisitions in 2021.

Prior to joining ICTSI, he held various positions in finance and business development in the container terminal industry, as well as infrastructure project financing.

Pascua received his Master of Business Administration degree from The Wharton School, University of Pennsylvania, in 2003.

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