Jose Isidro Camacho | |
|---|---|
 Jose Isidro Camacho at theWorld Economic Forum on East Asia in 2010 | |
| Chairperson of University of the Arts Singapore | |
| Assumed office September 1, 2024 | |
| Preceded by | Inaugural Holder |
| Philippine Secretary of Finance | |
| In office June 15, 2001 – November 30, 2003 | |
| President | Gloria Macapagal Arroyo |
| Preceded by | Alberto Romulo |
| Succeeded by | Juanita Amatong |
| Philippine Secretary of Energy | |
| In office March 1, 2001 – June 15, 2001 | |
| President | Gloria Macapagal Arroyo |
| Preceded by | Mario Tiaoqui |
| Succeeded by | Vincent S. Perez |
| Personal details | |
| Born | Jose Isidro Navato Camacho (1955-07-20)July 20, 1955 (age 70) |
| Spouse | Ma. Clara "Kim" Acuña |
| Children | Bea, Lorenzo, Carlos, Anuncia, Joaquin and Simon[1] |
| Residence | Singapore |
| Alma mater | De La Salle University (AB) Harvard University (MBA) |
Jose Isidro "Lito" Navato Camacho is aFilipinobanker who served as thePhilippines' Secretary ofEnergy and later on asFinance underPresidentGloria Macapagal Arroyo.
After his short stint in the government, he returned to the private sector, and now serves as Vice-Chairman ofCredit Suisse of Asia–Pacific and itsSingapore Country Chief Executive Officer; Non-Executive Chairman ofSun Life of Canada (Philippines); director of SymAsia Foundation (Singapore), and member of the board ofNational Gallery Singapore. He is also a member of the Group of Experts of the ASEAN Capital Markets Forum, Singapore's Securities Industry Council, and the International Advisory Panel of the Securities Commission ofMalaysia.[2]
Camacho was born inBalanga, Bataan to Teodoro Camacho, Jr. and Leonarda Navato. His grandfather, Teodoro Camacho, Sr. wascongressman and governor ofBataan.[1]
He finished high schoolDon Bosco Technical Institute in Mandaluyong in 1972,[3] and in 1975 he graduated cum laude with an A.B. Mathematics degree fromDe La Salle University in Manila. He studied and obtained anMBA with a concentration on Finance fromHarvard Graduate School of Business Administration in theUnited States in 1979.[2]
After college, Camacho worked atBanco Filipino, before he left to pursue graduate studies in the United States. Upon his return to the Philippines, he went back to the banking industry, and in 1995 became Senior Managing Director and Country Head ofBankers Trust New York. Later on, he became Managing Director and Chief Country Officer ofDeutsche Bank in the Philippines. From 1999 to 2000, he was Managing Director and chief of Country Coverage for Investment Banking for the Asian Region of Deutsche Bank based in Singapore.[1]
Camacho was appointed Energy Secretary by Philippine President Gloria Macapagal Arroyo when she took office in 2001. During his tenure, much needed reforms in the country's power sector were passed into law.[2]
On his third month as Energy Secretary, he was reassigned by Macapagal-Arroyo as Secretary of Finance, a post he held until November 2003 when he returned to the private sector. Upon his resignation as Secretary, news of the President's inaction on Camacho's recommendations for theGovernment Service Insurance System was perceived to have prompted it.[4] His resignation brought anxieties and uncertainties in the government and caused thepeso to plummet against thedollar to a record low.[5] Camacho was recognized for his significant contributions in managing and stabilizing the country's fiscal deficit,[5] and was even acknowledged by several groups of businessmen and investors as one of the best Finance secretaries the Philippines has ever had.[6] The country'sAnti-Money Laundering Law (R.A. 9160) was also passed under his tenure.
| Government offices | ||
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| Preceded by | Secretary of Budget and Management 2001–2003 | Succeeded by |
| Preceded by Mario Tiaoqui | Secretary of Energy 2001 | Succeeded by Vincent S. Perez |
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