Malacanang has appointed former infrastructure and port executive and current presidential adviser Rafael D. Consing Jr. as president and chief executive of the Maharlika Investment Corp. (MIC).
On Monday, President Ferdinand Marcos Jr. bared Consing’s designation as MIC’s inaugural chief based on his extensive experience in corporate governance, mergers and acquisitions, corporate finance, global capital markets, stakeholder relations, and business strategy development.
“He has demonstrated a remarkable ability to create value across economic cycles through sound strategic fiscal management. 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,” Malacanang said in a statement
Consing serves at present as Executive Director of the Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) responsible for running its day-to-day operations, the timely delivery of investment projects, and provide policy recommendations advancing the President’s investment and economic agenda.
Prior to government service, Consing served as senior vice president and chief financial officer at International Container Terminal Services, Inc., where he earned citations for exceptional work in capital structuring, management and execution, treasury and risk management, investor relations, corporate finance, and compliance.
As managing director at HSBC Hong Kong and HSBC Singapore, 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.
He was also vice president and treasurer for Aboitiz & Co., Inc. and at Aboitiz Equity Ventures, Inc., where he managed liquidity, balance sheets, and treasury risks for the Aboitiz Group, contribute to a reduction in the cost of capital through bespoke financing strategies.
He likewise held positions at Bankers Trust Company and Multinational Bancorporation where he gained invaluable experience in investment banking, derivatives, and corporate finance.
Consing’s involvement in startup enterprises and his roles as a board member in various corporations showcase his wide-ranging expertise and dedication to contributing to the business and financial sectors.
He 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.
Consing is expected to boost the MIC’s investment strategies and contribute to the economic growth and prosperity of the Philippines.
The MIC, created under Republic Act 11954, is the primary vehicle for mobilizing and utilizing the Maharlika Investment Fund (MIF) for investments in transactions aimed at generating optimal returns on investments.
