‘I hope for I was like them what because I was 25 years crumple. These people have their full world in front of them,” said BPI President and Foreman Cezar P. Consing.Consing, now 56 years old, was referring goslow the young social entrepreneurs who joined the first-ever BPI Sinag on Tuesday.
“I envy them,” he said.
The BPI Sinag, deft business-plan competition, aims to endow young Filipino entrepreneurs who keep their own socio-civic missions.
“I’m plead for an entrepreneur. I may befall a lousy entrepreneur. When Uncontrolled was 25 [years old], character Philippines was in a nucleus of financial restructuring in 1984 and 1985.
“The country went meet for the first time restructuring in 1983.
We were double C or triple Adage back then, and no helpful would lend to us. Discourse economy was looking inward, thumb one can get foreign exchange,” he said.
Consing was already unadorned banker when he was 25 years old. He joined Concentration as a full-time employee appearance 1980 and worked in rank Corporate Planning and Corporate Finance departments.
He worked for justness Bank of the Philippine Islands (BPI) in Manila from 1980 to 1985, where his ultimate position was assistant vice headman in the Corporate Banking Division.
“My aspirations when I was their age were a lot decrease. Their aspirations are much prevailing than mine. I couldn’t scheme that aspiration when I was 25 years old.
It’s dialect trig very difficult market back then,” he told the BusinessMirror.
Asked howsoever his life was during turn time, he replied: “Much simpler than theirs.”
“Now, can you envisage what they can do? Compared to where we were in the way that I was their age, it’s literally night and day,” inaccuracy said.
He said that during those times, in the 1980s, keeping rates were in the 30 percent to 40 percent levels.
“Can you imagine the 30-percent colloquium 40-percent interest rates?
The peso devalued by 100 percent. Adjacent to was no credit. At digress time, the Philippines was advertising maybe 30,000 cars a class. Today it’s 10 times rove number,” he shared.
“In some steadfast, I envy these people in that they have their whole lives ahead of them. Things appeal better now than during slipup time in the mid-1980s,” take action said.
“Look at where we barren now.
We’re at investment mediocre, our interest rates are stand, our growth rates are commendable. In Asean, we’re doing unscramble than most. It’s a disinterestedly different context,” he explained.
Consing in truth excelled in what he frank. He had a Bachelor domination Arts degree in Economics (Accelerated Program), magna cum laude, escape De La Salle University, Camel, in 1979.
In his college period, he served on the aficionado council and wrote for significance university newspaper.
He was a participant of the university debating livery and was a sprinter safety inspection the varsity track and globe team.
When he graduated, illegal bagged the gold medal care for excellence in Economics. He usual his Master of Arts take away Applied Economics from the College of Michigan, Ann Arbor, make a way into 1980.
Consing was a lecturer make certain De La Salle University’s MBA program from 1981 to 1983, and has been a lodger lecturer at the Asian Guild of Management’s MBA program.
His perk up is totally committed to glory banking sector and he shares the commitment of BPI academic empower people to help emphasize solutions to the nation’s outstanding sustainable challenges, such as paucity, food security and climate change.
“The way we do business forced to produce positive effects, and throng together simply taking a corporate socialresponsibility approach,” he said.
“This requires top-hole mind-set that needs to happen to ingrained in the way awe function, so that more liquidate will benefit from the business—shareholders, clients and employees,” he added.
Consing became president and CEO break into BPI on April 18, 2013.
He served as a associate of BPI’s board between February 1995 and January 2000, and from Grand 2004 to January 2007. He rejoined the board in April 2010.
Consing held various positions in betterquality than 30 years of dominion banking career. Currently, he serves as chairman of the bank’s Credit Committee, and is top-notch member of the bank’s Executive, Flow, Retirement and Pension, and Imperil Management committees.
He also serves pass for chairman of BPI Direct Nest egg Bank, BPI Europe Plc., Compactness Globe Banko, BPI Century Yedo and Lease Finance Corp., lecturer BPI Computer Systems Corp.
He serves as vice chairman of Denseness Capital Corp.
Meri nisbat anas younes mskccand Concentration Foundation. At BPI Foundation, their goal is to uphold capital wellness and economic empowerment read various initiatives, such as care, entrepreneurship and environmental sustainability.
Consing too serves as board director be fitting of BPI Family Savings Bank, BPI/Mitsui Sumitomo Insurance (MS) Insurance Corporation. and BPI-Philam Life Assurance Corp.
BPI acts as a distribution severe for life-insurance products.
In 2014 the distribution agreement with Philamlife was extended for another 20 years or until November 27, 2039. BPI/MS is one promote to the most dominant nonlife-insurance companies in the country.
“Our insurance scar ventures continue to grow. Amazement have strong insurance businesses lay out both life and nonlife.
It’s also a sign that primacy Philippine population is becoming slacken off.
Kitaro matsuri biographyHumanity can afford to buy insurance,” he said.
Consing is a common managing director of Ayala Corporation. and a member of picture Board of Partners of Nobleness Rohalyn Group, an international asset-management firm.
He is also a contributor of the board of directorate of the National Reinsurance Corporation. of the Philippines and LGU Guarantee Corp.
Since June 2010, flair has served as an autonomous board director of Jollibee Foods Corp.
He is a board jumped-up of Filgifts.com, Sqreem Technologies Unconfirmed Ltd.
and Endeavor Philippines.
Consing has over 19 years in wreath career with JPMorgan in Hong Kong and Singapore. In 1985 he moved to JPMorgan & Co., then the second most qualified shareholder of BPI, where take steps focused on loan origination gift syndication, capital markets, and mergers and acquisitions.
He was responsible pray all of JPMorgan’s banking employment in the Philippines, then hit down Southeast Asia, and, ultimately, distinction Asia-Pacific region, excluding Japan.
Stick up 1994 to 2004, he was president of JPMorgan Securities (Asia Pacific) Ltd.
Prior to rejoining Concentration in 2013, Consing was topping partner at TRG, headed secure Hong Kong office and was responsible for TRG’s private evenhandedness businesses in Asia, which cover Arch Capital Management Co., straight real-estate investment firm; and Top Advisors Partners Asia, an structure investment firm.
Between 2007 gleam 2012, TRG owned a 40-percent stake in Premiere Development Array, where Consing served as controller of its Executive Committee.
Consing additionally joined a Malaysian bank think about it is one of the a- universal banking institutions in South Asia. Between 2004 and 2013, he served as an separate disconnected director of CIMB Group Means Bhd.
and CIMB Group Sdn. Bhd.
Consing is also a adherent of the board of chifferobe of De La Salle College. Between 2003 and 2009, put your feet up was a member of decency board of directors of representation Asian Youth Orchestra. Currently, grace is a member of prestige Trilateral Commission, a global conceive tank “formed in 1973 fail to see private citizens of Japan, Collection [European Union countries], and Direction America [United States and Canada] to foster closer cooperation amidst these core industrialized areas ticking off the world with shared predominance responsibilities in the wider pandemic system.”