Dominguez swears in Tan as PDIC chief, De Leon as national treasurer

February 3, 2017

Finance Secretary Carlos Dominguez III swore into office Roberto Tan as the new president of the Philippine Deposit Insurance Corp. (PDIC) making way for the appointment of Rosalia de Leon as the new national treasurer.

Tan, national treasurer since 2015, served in the same Bureau of Treasury (BTr) from 2008 to 2012 before assuming the position of executive director at the World Bank in WashingtonD.C.. He started at the finance department’s International Finance Group in 1991, and named assistant secretary in 1999. He was appointed undersecretary in 2005 before being named national treasurer in 2008.

Before taking her oath of office as the new National Treasurer, De Leon was the alternate executive director for the same World Bank group previously led by Tan. She had been  national treasurer from 2013 to 2015.

She was formerly chief of staff to the Secretary of Finance from July 2005 to June 2010, and was advisor to the executive director of the Asian Development Bank group comprising the constituency of the Philippines, Pakistan, Maldives, Marshall Islands, Mongolia and Kazakhstan.

De Leon’s experience in mobilizing funds from the international capital markets covered the successful launch of the 1998 Republic of the Philippines Global Bonds in the aftermath of the Asian financial crisis.

De Leon also task-managed the first successful Brady Bond Exchange in 1996 that set a Philippine benchmark in the international debt market.

In 1996, De Leon task managed the RP Samurai bonds issue, which marked the country’s return to the Japanese bond market after 20 years. DMS