Cesar Purisima

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Cesar V. Purisima
Sec. Cesar Purisima
Secretary of the Philippine Department of Finance
Incumbent
Assumed office
June 30, 2010
President Benigno Aquino III
Preceded by Margarito Teves
In office
February 15, 2005 – July 15, 2005
President Gloria Macapagal-Arroyo
Preceded by Juanita Amatong
Succeeded by Margarito Teves
Secretary of the Philippine Department of Trade and Industry
In office
2004–2005
President Gloria Macapagal-Arroyo
Preceded by Manuel Roxas II
Succeeded by Juan Santos
Personal details
Born General Santos City, South Cotabato, Philippines
Nationality Filipino
Spouse(s) Corrie Purisima
Alma mater Kellogg School of Management, Northwestern University
De La Salle University
Occupation Accountant, financial expert, government official
Profession Business
Religion Roman Catholic

Cesar V. Purisima is a Filipino accountant and financial expert. He is the current Secretary of the Philippine Department of Finance under President Benigno Aquino III.[1] He had been Finance Secretary during the stint of Aquino's predecessor President Gloria Macapagal-Arroyo but resigned amid the latter's involvement in the 2005 "Hello Garci scandal".[2]

Background[edit]

Education and early career[edit]

Purisima earned his bachelor's degree in accountancy at De La Salle University and pursued an MBA with specialisation in international economics and finance at the Kellogg School of Management of Northwestern University in Evanston, Illinois, USA. He spent most of his career in the financial sector before joining government, even rising through the ranks to the position of Purisima was chairman and managing partner of renowned accounting firm Sycip, Gorres, Velayo & Co.. He was also a member of the Global Executive Board and Global Practice Council of Ernst & Young, one of the world's Big Four accounting firms.[3]

Government service[edit]

In 2004, President Arroyo appointed him Secretary of Finance. Purisima held the post until his resignation together with nine other Cabinet ministers, a group known as the "Hyatt 10" which include then-Education Secretary Florencio Abad and late Budget Secretary Emilia Boncodin. In June 30, 2010, he returned to the finance portfolio in the cabinet of President Benigno Aquino III. As finance secretary, he is the Governor of the Philippines in the Asian Development Bank and chairman of the Power Sector Assets and Liabilities Management Corporation (PSALM).

Purisima also served in the Land Bank of the Philippines, the National Power Corporation, the Monetary Board of the Bangko Sentral ng Pilipinas, the Energy Development Corporation, the World Bank Group and the International Monetary Fund.

Awards[edit]

Purisima was named Finance Minister of the Year by the leading global banking and finance magazine Euromoney in 2012. He was also named Finance Minister of the Year by the London-based financial news source, “Emerging Markets,” which publishes current financial news on emerging market trends and analysis in capital markets in 2011.[4]

References[edit]

Preceded by
Margarito Teves
Philippine Secretary of Finance
2010 – Present
Succeeded by
Incumbent