Cesar V. Purisima

2015

Cesar V. Purisima

Secretary of Finance,
Republic of the Philippines

Cesar V. Purisima is the Secretary of Finance of the Philippines, appointed by President Benigno S. Aquino in 2010, and the Chair of the Economic Development Cluster of the President’s Cabinet. He briefly served as Finance Secretary in 2005 and Trade and Industry Secretary from 2004 to 2005.

Purisima is currently a member of the Monetary Board of the Bangko Sentral ng Pilipinas, the Governor for the Philippines at the Asian Development Bank (ADB), the Governor for the Philippines at the World Bank, and Alternate Governor for the Philippines at the International Monetary Fund. In 2011-2012, he served as Chairman of the ADB Board of Governors. In May 2012, he chaired the 45th Annual Meeting of the Board of Governors which was held in Manila.

Secretary Purisima has been recognized as Finance Minister of the Year five times in four consecutive years, a first in the history of the Department of Finance and the Philippines.

He was first recognized by London-based financial news source Emerging Markets as 2011 Finance Minister of the Year for Asia for his strong policy track record and steadfast commitment to maintaining economic stability. A year later, he was named 2012 Finance Minister of the Year by business and finance magazine Euromoney for his careful and successful stewardship of the Philippine economy whose growth stood against the challenging global macro-economic backdrop. He was once again the choice of Emerging Markets for 2013 Finance Minister of the Year for Asia for his success in steering an economic policy that has led to upgrades in the Philippines’ credit rating to investment grade. In the same year, he was cited by the international publication The Banker as 2013 Finance Minister of the Year for Asia Pacific for elevating the status of the Philippines in the international community. Most recently, he was awarded the Finance Minister of the Year 2014 by FinanceAsia for his leadership in driving the turnaround story of the Philippines.

Before his stint in government, Secretary Purisima, a Certified Public Accountant, has had extensive work experience in public accounting both in the Philippines and abroad. From 1999 to 2004, he served as Chairman and Managing Partner of the country’s largest professional services firm, SGV & Co. (a member firm of Andersen Worldwide until 2002 and presently member firm of Ernst & Young Global).

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