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President Ferdinand R. Marcos, Jr. appointed Rafael Consing Jr. as head of Maharlika Investment Corporation
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The executive director of the Office of the Presidential Adviser for Investment & Economic Affairs will serve a three-year term
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Consing served key positions in the private sector, including at International Container Terminal Services, Inc., Hongkong and Shanghai Banking Corporation, and the Aboitiz Group
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) for a period of three years.
Currently the executive director of the Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA), Consing brings extensive experience in corporate governance, mergers and acquisitions, corporate finance, global capital markets, stakeholder relations, and business strategy development, the Presidential Communications Office (PCO) said in a statement. 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.
Prior to his appointment in government service, his career in the private sector has seen him serve in various high-profile positions, including:
- Senior Vice President & Chief Financial Officer of International Container Terminal Services, Inc., where he received multiple awards and recognition for his exceptional work in capital structuring, management and execution, treasury and risk management, investor relations, corporate finance, and compliance.
- Managing Director roles at HSBC Hong Kong and HSBC Singapore, where he led debt financing teams and achieved notable success in global debt capital market, Asian currency debt products, and sovereign Sukuk Al-Ijara Money Market Programs.
- Vice President and Treasurer for Aboitiz & Co., Inc. and Aboitiz Equity Ventures, Inc., where he managed liquidity, balance sheets, and treasury risks for the Aboitiz Group, contributing to a reduction in the cost of capital through bespoke financing strategies.
He also held positions at Bankers Trust Company and Multinational Bancorporation, where he gained invaluable experience in investment banking, derivatives, and corporate finance.
In his role at OPAIEA, Consing oversaw day-to-day operations, ensuring timely delivery of investment projects and providing policy recommendations to advance the President’s economic agenda.
Consing’s responsibilities at MIC include establishing a diversified investment portfolio, managing contributions to the fund in accordance with relevant laws, and implementing international best practices.
The PCO said Consing’s appointment is “crucial to MIC’s mission of mobilizing the Maharlika Investment Fund” for optimal returns, aligning with the government’s goals of job creation, poverty reduction, and sustainable economic growth.
As president and CEO, Consing will play a key role in shaping MIC’s investment strategies and contributing to the country’s “long-term economic prosperity,” added the PCO.
Consing is a graduate of De La Salle University, Manila, and has also completed the Stanford University Graduate School of Business’s Emerging CFO: Strategic Financial Leadership Program in 2016.
