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«Speakers’ Biographies Purpose: Information Submitted by: Philippines 22nd Finance Ministers’ Meeting Cebu, Philippines 10-11 September 2015 APEC ...»

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Speakers’ Biographies

Purpose: Information

Submitted by: Philippines

22nd Finance Ministers’ Meeting

Cebu, Philippines

10-11 September 2015



Economic Cooperation


10-11 September 2015

VENUE: MACTAN SHANGRl-LA (Mactan Ballroom)



10 September 2015 APEC FMM Retreat Mr. Jay Collins, Vice Chairman of Corporate and Investment Banking, Citigroup Jay Collins serves as Vice Chairman of Corporate and Investment Banking of Citigroup Inc. Mr. Collins served as Chief Executive Officer of Public Sector Group at Citigroup Inc. since March 2005. He served as the Head of Central and Eastern Europe, India, Middle East and Africa (CEEMEA), Global Banking at Citigroup until March 2005. He was Deputy Head in Nikko Citigroup 's Investment Banking Division, where he was responsible for integrating the second-largest Japanese investment bank with Citigroup's global business.

Mr. Collins also served as Chief Operating Officer and Deputy Head of Investment Banking for the Latin America Region and was in charge of Government Relations for the Center for Strategic and International Studies (CSIS), the largest international think tank in the US. He serves as the Chairman the Global Infrastructure Steering Committee at Citigroup and also serves as its Member of the Global Banking Operating Committee.

He serves as Vice Chairman of the Board ofthe Center for the Study ofthe Presidency and Chairman of the US-Pakistan Business Council. He is a Member of the Council on Foreign Relations, the Bretton Woods Committee, the International Policy Committee of the US. Chamber ofCommerce and the Advisory Board at the U.A.E. 's Securities and Commodities Authority.

Mr. Collins earned a Masters in International Business with Honors from Georgetown 1 University's School ofForeign Service and is a Phi Beta Kappa graduate ofColorado College.

(Source:http://www.bloomberg.com/research/stocks/people/person.asp?personld=21 87793 8&ticker=C&previousCapld=391687 &previousTitle=CITIGROUP-BDR) 11 September 2015 Welcome Remarks Hon. Cesar V. Purisima Chair, APEC Finance Ministers Process and Secretary of Finance, Republic of the Philippines Cesar V Purisima is the Secretary of Finance of the Philippines, appointed by President Benigno S. Aquino in 2010, and the Chair of the Economic Development Cluster of the President's Cabinet. He briefly served as Finance Secretary in 2005 and Trade and Industry Secretary from 2004 to 2005.

Purisima is currently a member of the Monetary Board of the Bangko Sentral ng Pilipinas, the Governor for the Philippines at the Asian Development Bank (ADB), the Governor for the Philippines at the World Bank, and Alternate Governor for the Philippines at the International Monetary Fund. In 2011-2012, he served as Chairman of the ADB Board of Governors. In May 2012, he chaired the 45thAnnual Meeting of the Board of Governors which was held in Manila.

Secretary Purisima has been recognized as Finance Minister of the Year four times in three consecutive years, a first in the history ofthe Department of Finance and the Philippines.

He was first recognized by London-based financial news source Emerging Markets as 2011 Finance Minister of the Year for Asia for his strong policy track record and steadfast commitment to maintaining economic stability. A year later, he was named 2012 Finance Minister of the Year by business and finance magazine Euro money for his careful and successful stewardship ofthe Philippine economy whose growth stood against the challenging global macro-economic backdrop. He was once again the choice of Emerging Markets for 2013 Finance Minister of the Year for Asia for his success in steering an economic policy that has led to upgrades in the the Philippines' credit rating to investment grade. Most recently, he was cited by the international publication The Banker as 20 r3 Finance Minister of the Year for Asia-Pacific for elevating the status of the Philippines in the international community.

Before his stint in government, Secretary Purisima, a Certified Public Accountant, has had extensive work experience in public accounting both in the Philippines and abroad.

–  –  –

Purisima was the Alumni Merit Awardee for the Kellogg Graduate School of Management in the 2014 Northwestern Alumni University Awards, making him the first Filipino awardee from Kellogg and among the first Filipinos to receive such a distinction from the University. He was conferred by the Republic of France the Chevalier de l' Ordre national du Merite (rank of Knight) in the economic domain in 2001 for bringing together France and the Philippines. He was named Fellow of the Eminent Southeast Asians Programme of the Singapore International Foundation in

2003. In the Philippines, he has been granted the highest awards in accountancy by the Professional Regulation Commission and the Philippine Institute of Certified Public Accountants.

Purisima was conferred Doctor of Humanities, Honoris Causa, by the Angeles University. He obtained his MBA from the JL Kellogg School of Management, Northwestern University, and his bachelor's degree in commerce from the De La Salle University.

(Source: http://www.dof.gov.ph/?page_id=777) Session 1: Global Economic and Financial Outlook, Growing Inequality and Regional Connectivity/Integration Mr. Takehiko Nakao, President, Asian Development Bank, (Progress on Regional Integration and Connectivity) Takehiko Nakao is the President of the Asian Development Bank (ADB) and the Chairperson ofADB's Board ofDirectors. He was elected President by ADB's Board of Governors and assumed office in April 2013. Before joining ADB, Mr. Nakao was the Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan. He has held senior positions in the Ministry of Finance in Japan, which he joined in 1978, including Director-General of the International Bureau. He was assigned as Minister at the Embassy ofJapan in Washington D. C., between 2005 and ~~~~~~~~~~~~~~~~~

–  –  –

https://www.flickr.com/photos/asiandevelopmentbank/867 650613 5 Mr. Mitsuhiro Furusawa, Deputy Managing Director, International Monetary Fund (Global/Regional Economic and Financial Outlook)

–  –  –

Mr. Furusawa joined the IMF after a distinguished career in the Japanese government, including several senior positions in the Ministry of Finance in recent years. Immediately before coming to the Fund, he served as Special Advisor to Japanese Prime Minister Shinzo Abe and Special Advisor to the Minister ofFinance.

Among his recent ministry postings, Mr. Furusawa served as Vice Minister of Finance for International Affairs (2013-2014), Director-General of the Financial Bureau (2012-2013), and Senior Deputy Director-General of the International Bureau (2009-2010).

Mr. Furusawa 's overseas postings for the Japanese government have included IMF Executive Director (2010-2012), Minister (Finance) at the Embassy ofJapan in the United States (2007-2009), and Counselor (Finance) at the Embassy of Japan in France (1997-1999).

A 1979 graduate of the University of Tokyo with an LL.B. degree, Mr. Furusawa also graduated in 1983 from the Ecole Nationale d 'Administration in Paris.

(Source: https://www.imf.org/extemal/np/omd/bios/mf.htm) Mr. Axel van Trotsenberg (TBC), Vice President for East Asia and the Pacific, World Bank, (Rising Inequality and Outlook/Challenges for Inclusive Growth in the Region) Axel van Trotsenburg assumed the role of World Bank East Asia and Pacific Regional Vice President on February 1, 2013. He oversees a portfolio of over US$30 billion in loans, grants, credits and trust funds, coordinating and supervising the activities of more than 1,000 staff Mr. van Trotsenburg leads the World Bank's strategy in the region which supports countries by addressing four shared challenges: natural disasters; poverty and equality; infrastructure and urbanization; and making governments work for people.

Despite the region's success in reducing poverty, about a half billion people are still living on less than US$2 a day. The Bank's goal is to help countries improve the lives of the poor and vulnerable by delivering innovative development solutions and results on the ground.

4 issues. From January 1998 to December 2000, he was Mexico's Minister of Finance and Public Credit. For the first time in a generation, he steered Mexico's economy through a change ofAdministration without a recurrence of the financial crises that had previously dogged such changes.

As OECD Secretary-General, since June 2006, he has reinforced the OECD's role as a 'hub" for global dialogue and debate on economic policy issues while pursuing internal modernisation and reform. Under his leadership, the OECD has expanded its membership to include Chile, Estonia, Israel and Slovenia and opened accession talks with Russia. It has also strengthened its links with other major emerging economies, including Brazil, China, India, Indonesia and South Africa, with a view to possible membership. The OECD is now an active participant in both the G-8 and the G-20 Summit processes. Mr. Gurria has also reinforced the impact of OECD work in several domains, and has steered the launching ofhigh profile initiatives, including several strategies in the domain of Innovation, Green Growth, Gender, Development and Skills. He also launched the "New Approaches to Economic Challenges", an OECD reflection process on the lessons from the crisis with the aim to upgrade OECD 's analytical frameworks and develop a comprehensive agenda for sustainable and inclusive growth.

Mr. Gurria has participated in various international not-for-profit bodies, including the Population Council, based in New York, and the Center for Global Development based in Washington. He chaired the International Task Force on Financing Water for All and continues to be deeply involved in water issues, being a member of the United Nations Secretary General Advisory Board (UNSGAB) and of the World Economic Forum's Global Agenda Council on Water Security. He is also a member of the International Advisory Board of Governors of the Centre for International Governance Innovation, based in Canada, the Advisory Board for the Global Green Growth Forum (3GF), co-hosted by Korea and Denmark, and was recently appointed as a member of the Royal Academy of Economic and Financial Sciences of Spain.

A-regular contributor- to some of the-world's leading-newspapers and journals, Mr.

Gurria has received several awards and decorations from more than 25 countries, including the titles of Grand officier de la Legion d 'honneur and Chevalier dans l 'ordre du Merite agricole, awarded by the French Government. He has received Honorary Degrees from the Universities of Leeds, Haifa and Bratislava. Most recently, he was distinguished by the President of Korea with the Gwangwha Medal for Diplomatic Service, and also received a recognition to his longstanding 6 Before this, Mr. van Trotsenburg served as the World Bank's Vice-President for Concessional Finance and Global Partnerships since August 2009. Mr. van Trotsenburg led the policy negotiations and replenishment process for the International Development Association (IDA), the Bank's fund for the poorest countries, with a record 16th replenishment of US$49.3 billion concluded in December 2010. He also co-chaired the replenishment process for the Global Environment Facility (GEF) and managed the largest replenishment increase ever, under GEF 5, with pledges of US$4.25 billion. He had policy oversight of the World Bank's trust fund porifolio amounting to US$29. 4 billion, and oversaw a wide range of global initiatives and innovative financing including: the Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM), the International Finance Facility for Immunisation (IFFim), and the pilot Advance Market Commitment (AMC) for pneumococcal vaccines.

From July 2007-July 2009, he was Country Director for Colombia and Mexico, and from 2002 to July 2007, Country Director for Argentina, Chile, Paraguay, and Uruguay. From 1996 to 2001, Mr. van Trotsenburg was Senior Manager of the Heavily Indebted Poor Countries (HIPC) Initiative, the largest and most comprehensive debt reliefprogram for poor countries, and in previous assignments, he also was Senior Country Economist for Cote d'Ivoire and Country Economist for Guatemala.

Mr. van Trotsenburg joined the Bank in 1988 and prior to that, he worked at the Organization for Economic Co-operation and Development (OECD) in Paris. He is both Dutch and Austrian. He holds Masters and Doctorate degrees in economics and a Masters degree in International Affairs.

(Source: http://blogs.worldbank.org/team/axel-van-trotsenburg) Mr. Angel Gurria, Secretary General, Organisation for Economic Co-operation and Developm-ent-(Structunrl-Reform) Angel Gurria came to the OECD following a distinguished career in public service, including two ministerial posts.

As Mexico's Minister of Foreign Affairs from December 1994 to January 1998, he made dialogue and consensus-building one ofthe hallmarks ofhis approach to global 5 contribution to the development of public administration in Mexico, the Medal/a al Merito Administrativo Internacional "Gustavo Martinez Cabanas", awarded by the Instituto Nacional de Administraci6n Publica (!NAP). In 2007, Mr. Gurria was the first recipient of the Globalist of the Year Award of the Canadian International Council to honour his efforts as a global citizen to promote trans-nationalism, inclusiveness and a global consciousness.

Mr. Gurria holds a B.A. degree in Economics from UNAM (Mexico), and a M.A.

degree in Economics from Leeds University (United Kingdom). He speaks Spanish, French, English, Portuguese, Italian and some German.

(Source: http ://www.oecd.org/about/ secretary-general/angel-gurria-cv.htm) Session 2: Cebu Action Plan (CAP) Hon. Gil S. Beltran Undersecretary, Department of Finance, Philippines (Microinsurance) Undersecretary Gil S. Beltran has been an Undersecretary of DOF since 2005, working on a variety ofareas including fiscal policy, human resource and operations management, economic policy and research, and financial inclusion policies and strategies. He has been Executive Director of the National Credit Council since 1998.

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