By The Financial District
Nov 13, 20232 min
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).
In his role as President and CEO of MIC, Consing will play a crucial role in enhancing the corporation’s investment strategies and contributing to the economic growth and prosperity of the Philippines. I Photo: Presidential Communications Office
Mr. Rafael D. Consing Jr. currently serves as the Executive Director of the Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) under the Marcos administration.
In this role, he is responsible for overseeing the day-to-day operations of OPAIEA, ensuring the timely delivery of investment projects, and providing policy recommendations to advance the President’s investment and economic agenda.
Consing is an accomplished and multi-awarded C-level executive with extensive experience in corporate governance, mergers and acquisitions, corporate finance, global capital markets, stakeholder relations, and business strategy development.
He has a proven ability to create value across economic cycles through sound strategic fiscal management.
Consing is well-versed in global corporate governance, having successfully transitioned from regional investment banking to senior corporate management and government advisory.
Before joining government service, Consing held high-profile positions in the private sector, including Senior Vice President & Chief Financial Officer of International Container Terminal Services, Inc.
His private sector career also included Managing Director roles at HSBC Hong Kong and HSBC Singapore, as well as Vice President and Treasurer positions for Aboitiz & Co., Inc. and Aboitiz Equity Ventures, Inc.
Consing’s involvement in startup enterprises and board memberships in various corporations further 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 completed the Stanford University Graduate School of Business’s Emerging CFO: Strategic Financial Leadership Program in 2016.
In his role as President and CEO of MIC, Consing will play a crucial role in enhancing the corporation’s investment strategies and contributing to the economic growth and prosperity of the Philippines.
MIC, 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 (ROIs).
This strategic move is integral to the government’s broader objective of reinvigorating job creation and accelerating poverty reduction while sustaining the economy’s high growth trajectory and ensuring sustainable development.
Consing's key responsibilities as President and CEO include establishing a diversified portfolio of investments, managing and investing contributions to the Fund, accepting and managing investment mandates, developing skills in finance and related areas, and implementing international best practices in investing and managing assets.
The PCEO will work closely with the executive management and the Board, possessing extensive experience in corporate management, financial planning strategy, strategic planning and vision, market and business development, and budget development.
Appointed by the President of the Philippines for a term of three years, Consing will ensure that MIC continues to make significant contributions to the nation’s long-term economic prosperity.