Jose Isidro Camacho | |
---|---|
Chairperson of University of the Arts Singapore | |
Assumed office September 1, 2024 | |
Preceded by | Inaugural Holder |
Philippine Secretary of Finance | |
In office June 15,2001 –November 30,2003 | |
President | Gloria Macapagal Arroyo |
Preceded by | Alberto Romulo |
Succeeded by | Juanita Amatong |
Philippine Secretary of Energy | |
In office March 1,2001 –June 15,2001 | |
President | Gloria Macapagal Arroyo |
Preceded by | Mario Tiaoqui |
Succeeded by | Vincent S. Perez |
Personal details | |
Born | Jose Isidro Navato Camacho July 20,1955 Balanga,Bataan,Philippines |
Spouse | Ma. Clara "Kim" Acuña |
Children | Bea,Lorenzo,Carlos,Anuncia,Joaquin and Simon [1] |
Residence | Singapore |
Alma mater | De La Salle University (AB) Harvard University (MBA) |
Jose Isidro "Lito" Navato Camacho is a Filipino banker who served as the Philippines' Secretary of Energy and later on as Finance under President Gloria Macapagal Arroyo.
After his short stint in the government,he returned to the private sector,and now serves as Vice-Chairman of Credit Suisse of Asia–Pacific and its Singapore Country Chief Executive Officer;Non-Executive Chairman of Sun Life of Canada (Philippines);director of SymAsia Foundation (Singapore),and member of the board of National Gallery Singapore. He is also a member of the Group of Experts of the ASEAN Capital Markets Forum,Singapore's Securities Industry Council,and the International Advisory Panel of the Securities Commission of Malaysia. [2]
Camacho was born in Balanga,Bataan to Teodoro Camacho,Jr. and Leonarda Navato. His grandfather,Teodoro Camacho,Sr. was congressman and governor of Bataan. [1]
He finished high school Don Bosco Technical Institute in Mandaluyong in 1972, [3] and in 1975 he graduated cum laude with an A.B. Mathematics degree from De La Salle University in Manila. He studied and obtained an MBA with a concentration on Finance from Harvard Graduate School of Business Administration in the United States in 1979. [2]
After college,Camacho worked at Banco Filipino,before he left to pursue graduate studies in the United States. Upon his return to the Philippines,he went back to the banking industry,and in 1995 became Senior Managing Director and Country Head of Bankers Trust New York. Later on,he became Managing Director and Chief Country Officer of Deutsche Bank in the Philippines. From 1999 to 2000,he was Managing Director and chief of Country Coverage for Investment Banking for the Asian Region of Deutsche Bank based in Singapore. [1]
Camacho was appointed Energy Secretary by Philippine President Gloria Macapagal Arroyo when she took office in 2001. During his tenure,much needed reforms in the country's power sector were passed into law. [2]
On his third month as Energy Secretary,he was reassigned by Macapagal-Arroyo as Secretary of Finance,a post he held until November 2003 when he returned to the private sector. Upon his resignation as Secretary,news of the President's inaction on Camacho's recommendations for the Government Service Insurance System was perceived to have prompted it. [4] His resignation brought anxieties and uncertainties in the government and caused the peso to plummet against the dollar to a record low. [5] Camacho was recognized for his significant contributions in managing and stabilizing the country's fiscal deficit, [5] and was even acknowledged by several groups of businessmen and investors as one of the best Finance secretaries the Philippines has ever had. [6] The country's Anti-Money Laundering Law (R.A. 9160) was also passed under his tenure.
Maria Gloria Macaraeg Macapagal,often referred to by her initials PGMA and GMA,is a Filipino academic and politician who previously served as the 14th President of the Philippines from 2001 to 2010. She is the longest serving president of the Philippines since Ferdinand Marcos. Before her accession to the presidency,she served as the 10th Vice President of the Philippines from 1998 to 2001 under President Joseph Ejercito Estrada,making her the country's first female vice president,despite having run on an opposing ticket. She was also a Senator from 1992 to 1998. After her presidency,she was elected as the Representative of Pampanga's 2nd district in 2010 and later became the Speaker of the House of Representatives on 2018 to 2019. She was also serving in the congress as a Deputy Speaker from 2016 to 2017 and from 2022 until 2023. She is one of the only 2 Filipinos to hold at least three of the four highest offices in the country:vice president,president,and house speaker,alongside former President Sergio Osmeña.
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Balanga,officially the City of Balanga,is a 4th class component city and capital of the province of Bataan,Philippines. According to the 2020 census,it has a population of 104,173 people. It is south of San Fernando,Pampanga and northwest of Manila. Balanga joined the UNESCO Global Network of Learning Cities in 2015.
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