Jose Isidro Camacho
Jose Isidro Camacho | |
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![]() Jose Isidro Camacho at the World Economic Forum on East Asia in 2010 | |
Chairperson of University of the Arts Singapore | |
Incumbent | |
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 (1955-07-20) July 20, 1955 (age 69) 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]
Personal life
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]
Professional career
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]
Government service
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.
References
- ^ a b c "Who's Who in Bataan – Jose Isidro Navato Camacho". 1Bataan. 14 April 2016. Retrieved 2016-04-22.
- ^ a b c "Jose Isidro Camacho". World Economic Forum. Retrieved 2016-04-22.
- ^ "History of DBTC" (PDF). Don Bosco Technical College. Archived from the original (PDF) on 2011-07-16. Retrieved 2016-04-22.
- ^ Napallacan, Jhunnex (2003-11-25). "Garcia: Don't blame me for Camacho's resignation". Philippine Daily Inquirer. Retrieved 2016-04-22.
- ^ a b "Peso dips after Camacho goes". CNN. 2003-11-24. Retrieved 2016-04-22.
- ^ Batino, Clarissa S.; Cabacungan, Gil; Dumlao, Dorris; Torrijos, Elena R. (2003-11-21). "Camacho resigns; peso hits record low". Philippine Daily Inquirer. Retrieved 2016-04-22.
Government offices | ||
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Preceded by | Secretary of Budget and Management 2001–2003 | Succeeded by |
Preceded by Mario Tiaoqui | Secretary of Energy 2001 | Succeeded by Vincent S. Perez |
- v
- t
- e
- Teofisto Guingona Jr. (2001–2004)
- Noli de Castro (2004–2010)
![Gloria Macapagal Arroyo, fourteenth President of the Philippines](http://upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Gloria_Macapagal_Arroyo_WEF_2009-crop.jpg/100px-Gloria_Macapagal_Arroyo_WEF_2009-crop.jpg)
- Horacio Morales (2001)
- Hernani Braganza (2001–2003)
- Roberto Pagdanganan (2003–2004)
- Jose Maria Ponce (2004)
- Rene Villa (2004–2005)
- Nasser C. Pangandaman (2005–2010)
- Domingo Panganiban (2001)
- Leonardo Montemayor (2001–2002)
- Luis Lorenzo, Jr. (2002–2004)
- Arthur C. Yap (2004–2005)
- Domingo Panganiban (2005–2006)
- Arthur C. Yap (2006–2010)
- Emilia Boncodin (2001–2005)
- Romulo Neri (2005–2006)
- Rolando G. Andaya, Jr. (2006–2010)
- Raul Roco (2001–2002)
- Edilberto de Jesus (2002–2004)
- Florencio Abad (2004–2005)
- Ramon Bacani (2005)
- Fe Hidalgo (2005–2006)
- Jesli A. Lapus (2006–2010)
- Mona Valisno (2010)
- Jose Isidro Camacho (2001)
- Vincent S. Perez (2001–2005)
- Raphael Lotilla (2005–2007)
- Angelo Reyes (2007–2010)
- Jose Ibazeta (2010)
and Natural Resources
- Heherson Alvarez (2001–2003)
- Eliza Gozun (2003–2004)
- Mike Defensor (2004–2006)
- Angelo Reyes (2006–2007)
- Jose L. Atienza Jr. (2007–2009)
- Horacio Ramos (2009–2010)
- Jose Pardo (2001)
- Alberto Romulo (2001)
- Jose Isidro Camacho (2001–2003)
- Juanita Amatong (2003–2005)
- Cesar Purisima (2005)
- Margarito Teves (2005–2010)
- Teofisto Guingona, Jr. (acting capacity; (2001–2002))
- Gloria Macapagal Arroyo (acting capacity; 2002)
- Blas Ople (2002–2003)
- Franklin Ebadlin (2003)
- Gloria Macapagal Arroyo (acting capacity; 2003)
- Delia Albert (2003–2004)
- Alberto Romulo (2004–2010)
- Manuel Dayrit (2001–2005)
- Francisco T. Duque III (2005–2009)
- Esperanza Cabral (2009–2010)
and Local Government
- Jose Lina, Jr. (2001–2004)
- Angelo Reyes (2004–2006)
- Ronaldo V. Puno (2006–2010)
- Artemio Tuquero (2001)
- Hernando Perez (2001–2002)
- Merceditas Gutierrez (2002–2003)
- Simeon Datumanong (2003)
- Merceditas Gutierrez (2003–2004)
- Raul Gonzales (2004–2009)
- Agnes Devanadera (2009–2010)
- Alberto Agra (2010)
- Patricia Santo Tomas (2001–2006)
- Arturo Brion (2006–2008)
- Marianito D. Roque (2008–2010)
- Orlando Mercado (2001)
- Angelo Reyes (2001–2003)
- Gloria Macapagal Arroyo (acting capacity; 2003)
- Eduardo Ermita (2003–2004)
- Avelino Cruz, Jr. (2004–2006)
- Gloria Macapagal Arroyo (acting capacity; (2006–2007))
- Hermogenes Ebdane Jr. (2007)
- Norberto Gonzales (2007)
- Gilberto C. Teodoro Jr. 2007–2009
- Norberto Gonzales (2009–2010)
- Simeon Datumanong (2001–2003)
- Bayani Fernando (2003)
- Florante Soriquez (2003–2005)
- Hermogenes Ebdane Jr. (2005–2007)
- Manuel Bonoan (2007)
- Hermogenes Ebdane Jr. (2007–2009)
- Victor Domingo (2009–2010)
- Estrella F. Alabastro (2001–2010)
and Development
- Corazon Soliman (2001–2005)
- Esperanza Cabral (2005–2009)
- Celia Yangco (2009–2010)
- Richard Gordon (2001–2004)
- Robert Ace Barbers (2004)
- Roberto M. Pagdanganan (2004–2005)
- Joseph Ace H. Durano (2005–2010)
- Manuel Roxas II (2001–2003)
- Cesar Purisima (2004–2005)
- Juan Santos (2005)
- Peter B. Favila (2005–2010)
- Jesli Lapus (2010)
and Communications
- Pantaleon Alvarez (2001–2002)
- Leandro Mendoza (2002–2010)
- Anneli Lontoc (2010)
- Renato de Villa (2001)
- Alberto Romulo (2001–2004)
- Eduardo Ermita (2004–2010)
- Leandro Mendoza (2010)
- Elena Bautista-Horn (2001–2010)
- Jesus G. Dureza (2001-2010)
Commission on Higher Education
- Carlito Puno (2001–2007)
- Romulo Neri (2007–2008)
- Emmanuel Angeles (2008–2010)
Economic and Development Authority
- Dante Canlas (2001–2002)
- Romulo Neri (2002–2005)
- Augusto Santos (2005–2006)
- Romulo Neri (2006–2007)
- Augusto Santos (2007–2008)
- Ralph Recto (2008–2009)
- Augusto Santos (2009–2010)
- Simeon V. Marcelo (2001–2002)
- Carlos N. Ortega (2002)
- Alfredo Benipayo (2002–2006)
- Antonio Eduardo B. Nachura (2006–2007)
- Agnes Devanadera (2007–2010)
- Alberto Agra (2010)
Manila Development Authority
- Benjamin Abalos (2001–2002)
- Bayani Fernando (2002–2009)
- Oscar Inocentes (2009–2010)
- Noberto Gonzales (2001–2010)