|Cesar V. Purisima|
|Sec. Cesar Purisima|
|Secretary of the Philippine Department of Finance|
June 30, 2010
|President||Benigno Aquino III|
|Preceded by||Margarito Teves|
February 15, 2005 – July 15, 2005
|Preceded by||Juanita Amatong|
|Succeeded by||Margarito Teves|
|Secretary of the Philippine Department of Trade and Industry|
|Preceded by||Manuel Roxas II|
|Succeeded by||Juan Santos|
|Born||General Santos City, South Cotabato, Philippines|
|Alma mater||Kellogg School of Management, Northwestern University
De La Salle University
|Occupation||Accountant, financial expert, government official|
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. 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".
Education and early career
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.
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.
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.
|Philippine Secretary of Finance
2010 – Present
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