BIZ BUZZ: The first Maharlika chief

Another candidate, according to the grapevine, is Rosalia “Lea” de Leon, who shepherded in Congress the passage of the law creating the MIC. De Leon has mostly built a career in the public sector, and is an expert in fiscal policy and international finance. She also knows well the multilateral world, having served as alternate director at the World Bank in Washington. But some also say that De Leon is in the running for a seat at the Monetary Board .

The third name we’re hearing is that of Bernie Vergara, who had built an illustrious investment banking career overseas before coming back to the Philippines in 2010 to head the Government Service Insurance System. There he brought in global best practices in fund and risk management. Of course there are so many capable and reputable Filipino banking and finance talents out there whom President Marcos could recruit to lead this pet project. The success of the fund, which will hopefully prove naysayers wrong, will depend on it.Your subscription has been successful.

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