Emilio B. Aquino
Chairperson of the Securities and Exchange Commission
Assumed office
June 7, 2018
PresidentRodrigo Duterte
Preceded byTeresita Herbosa
Personal details
Born
Emilio Benito Aquino

(1964-07-23) July 23, 1964
Zamboanga
NationalityFilipino
Alma materUniversidad de Zamboanga(BS)
San Beda University(LL.B)
ProfessionGovernment official

Emilio Benito Aquino (born July 23, 1964) is the current chairperson and CEO of the Securities and Exchange Commission (Philippines). He took office on June 7, 2018,[1] and was appointed by then President Rodrigo Roa Duterte. Aquino is also the first CPA-Lawyer to be appointed as SEC Chairperson.[2] Prior to assuming this role, he served as SEC Commissioner after his initial appointment on December 2, 2016.[3]

Early life and education

In 1984, Aquino graduated Magna Cum Laude and Valedictorian with a bachelor's degree in Commerce major in accounting at the Universidad de Zamboanga.[4] After taking the CPA Licensure Exams, he scored a rating of 89.14 percent.[5] He finished his law studies at San Beda University where he was a Dean’s Lister and Silver Medalist. He placed 16th in the 1992 Bar Exams.

Aquino earned his master's degree in Public Management at the Development Academy of the Philippines under a government scholarship. He was also the recipient of a Certificate of Study by the University of Sydney for a course on Effective Governance. Aquino likewise attended and completed the Fintech Advanced Program at the People's Bank of China School of Finance, Tsinghua University.[6] He undertook the AIM Management Development Program for SEC and recently attended the Cambridge Fintech and Regulatory Innovation Program.

Career

For over a decade, Aquino was a practicing CPA-Lawyer based in Western Mindanao. When he assumed the role of SEC Chairperson, Aquino ushered the passage of the Revised Corporation Code, considered as a landmark piece of legislation, that was signed into law by then President Rodrigo Roa Duterte on February 21, 2019.[7]

Currently, Aquino is the Supervising Commissioner for SEC's Enforcement and Investor Protection Department and the Office of the General Counsel. He organized enforcement drives[8] and ushered in the recent sweep against investment scams and predatory lending practices.[9] He is also the SEC's point person on matters related to financial technology, blockchain, and digital assets.[10]

Apart from the SEC, Aquino is also the chairperson of the government-controlled Credit Information Corporation (CIC), the Microfinance NGO Regulatory Council, and the ASEAN Capital Market Forum Corporate Governance Working Group. He is likewise a sitting member of the Anti-Money Laundering Council[11] (AMLC).

References

  1. Dumlao-Abadilla, Doris. "Aquino named new SEC Chair". Retrieved 7 June 2018.
  2. Loyola, James (18 December 2022). "PICPA recognizes SEC Chair, General Accountant". Manila Bulletin.
  3. Lazo, Kristyn Nika (9 December 2016). "Emilio Aquino is new SEC Commissioner". The Manila Times.
  4. "Bigatin! Check out new SEC chairman Emilio Aquino's resume". Bilyonaryo. Retrieved 17 June 2018.
  5. Gonzales, Iris. "SEC gets new chairman". Philippine Star. Retrieved 7 July 2018.
  6. "Tsinghua PBCSF Receives the First Class of its Belt &Road Fintech Advanced Program". Tshinghua PBC School of Finance. Retrieved 16 May 2018.
  7. Gonzales, Iris. "Revised Corporation Code signed into law". Philippine Star. Retrieved 22 February 2019.
  8. "SEC scores legal victory vs. perpetrators of investment scam". Philippine News Agency. Retrieved 14 December 2020.
  9. Dumlao-Abadilla, Doris. "SEC asks BSP to stop 'predatory lending,' set limit on interest, other charges by lenders". Philippine Daily Inquirer. Retrieved 28 October 2019.
  10. Salting, Ed Paolo (1 December 2022). "SEC to continue studying rules for digital assets". The Manila Times.
  11. "New AMLC Member: SEC Chairperson Emilio Benito Aquino". Anti-Money Laundering Council.
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