Republic of the Philippines
Securities and Exchange Commission

MEET THE MANAGEMENT

 

 

TERESITA J. HERBOSA

Chairperson

 
 

Chair Teresita J. Herbosa took her oath of office as the new SEC Chairperson before His Excellency President Benigno C. Aquino, Jr. on April 29, 2011.

 Prior to her appointment, she was a senior and the first female co-managing partner of the Angara Abello Concepcion Regala & Cruz Law Office (ACCRA) where her skills and expertise as litigator were fully enhanced. Having been the Head of the ACCRA ’s prestigious Law Department, she was cited as one of the top three litigation lawyers in the Philippines , by the International Financial Law Review in its publication “Guide to the World’s Leading International Business Law Firms 2001 Edition”.  More citations of her legal excellence subsequently appeared in the Asia Pacific Legal 500 (The Guide to Asia ’s Commercial Law Firms) 2001-2002 Edition and in the International Who’s Who of Regulatory Communications Lawyers in 2003. 

During her tenure as ACCRA Law Litigation Head, she has trained a great number of young associates in pre-trial and trial skills.  Her areas of specialization include telecommunications, family law, land and air transportation, contract law, government contracts, public bidding and award, constitutional law, and environmental law. She has also participated in cases before the International Chamber of Commerce (“ICC”) arbitral tribunals.

She is also a professorial lecturer on Remedial Law at the University of the Philippines College of Law and an accredited lecturer for the Mandatory Continuing Legal Education (MCLE).   She has given lectures and has spoken in various international and local conferences, some of which are as follows:

  • 1995  - Inter-Pacific Bar Association Conference - Singapore

  • 2004 - United Nations Commission on Human Rights – Manila

  • 2005 - ASEAN Law Association Conference – Manila

  • Unicef - sponsored lecture series “Trainers’ Course on Child Sensitive Investigation" for the police of the Philippines National Police.

Chairperson Herbosa is also a former Commissioner of the Committee on Bar Discipline of the Integrated Bar of the Philippines (IBP).

 As a private citizen, she is active in civic works.  She is secretary and director of the Rotary Club of Makati,  Paseo de Roxas and is a member of Zonta Manila,  Women Lawyers’ Circle, IOTA TAU TAU International Sorority and Women in Arbitration, International Chamber of Commerce – International Court of Arbitration. 

Chairperson Herbosa graduated both cum laude in two (2) undergraduate degrees – Bachelor of Arts and Bachelor of Laws – from the University of the Philippines .  She obtained her Master of Comparative Law degree from the University of Michigan Law School in Ann Arbor , Michigan , in 1980.

As the new head of the SEC, Chairperson Herbosa commits to use the experience she gained from private practice to contribute to better public governance, and being a direct descendant of the country’s national hero, Dr. Jose P. Rizal, she avows to serve the people with honesty and integrity.

 
   
 

MANUEL HUBERTO B. GAITE

Commissioner

 
 

Manuel Huberto B. Gaite was appointed by Her Excellency President Gloria Macapagal Arroyo on March 16, 2009.

Mr. Gaite finished his degree of Bachelor of Arts in Philosophy (1977) and Bachelor of Laws (1982) at the Ateneo de Manila University. He passed the bar in 1983.

On June 16, 1983, Mr. Gaite joined the Office of the Government Corporate Counsel as a research attorney and rose through the ranks becoming a trial attorney and later a State Corporate Attorney. In February 1986, he was detailed to the Office of the President, where he served in varying capacities and under four presidents starting with President Corazon C. Aquino, Fidel V. Ramos, Joseph Ejercito Estrada, and now President Gloria Macapagal Arroyo.

Prior to his appointment at the Securities and Exchange Commission, he was the Deputy Executive Secretary for Legal Affairs in the Office of the President from January 20, 2003. He was also Executive Director of the Secretary in the Presidential Management Staff.

Mr. Gaite likewise sat in the board of various government corporations - Manila International Airport Authority, Home Guaranty Corporation, Food Terminal, Inc., and Cagayan Economic Zone Authority.

 
     
     
 

ANTONIETA F. IBE

Commissioner

 

Commissioner Antonieta Fortuna-Ibe was appointed by President Benigno C. Aquino III on October 1, 2012.

As partner at Sycip, Gorres, Velayo & Co. (SGV & Co.) for 20 years. Ms. Ibe managed and handled assignments for audit clients in various industries, as well as special projects for the Firm. While at SGV, Ms. Ibe also served as Chairman of the Professional Regulatory Board of Accountancy (BOA), and previously as Vice Chairman and Member, for five years. As BOA Chairman, she helped develop the Country Action Plan, now fully implemented, and instituted reforms for local accountancy.

In 2001, she was named Chairperson of the Professional Regulation Commission (PRC), the first-ever female Chairperson to be appointed. She resigned in 2004 to avoid any possible conflict of interest when her daughter took the medical board licensure examinations. As PRC Chair, Ms. Ibe instituted reforms in professional regulation; it was during her term that 11 new/amended professional legislations were enacted, a first in PRC history. She spearheaded the development of the Code of Good Governance for all Professions in the Philippines, jointly with all the 42 Professional Regulatory Boards and the 42 Accredited Professional Organizations, which was signed as Executive Order No. 220 dated June 23, 2003; and the Good Governance Code of Ethical Standards for PRC and employees.

After her resignation from the PRC, Ms. Ibe was Risk Management Partner at KPMG member firm in the Philippines, reporting directly to the Asia Pacific Region on risk management matters. Later, as Chancellor of the University of the East (UE), she was key to introducing reforms in the University's accountancy program and other programs.

Ms. Ibe was a National Secretary and Chairman of Metro Manila Regional Council of the Philippine Institute of Certified Public Accountants (PICPA), and was Secretary General of the ASEAN Federation of Accountants (AFA) and member of the AFA Council. Her recent involvement in accountancy-related activities was assistance in the conceptualization and development of a Quality Assurance Review Program for accounting firms, and the development of the Roadmap of the Philippine accountancy profession.

She was also a consultant of the World Bank; currently, she is a Trustee of the Institute for Solidarity in Asia (ISA) and Vice Chair of UE Alumni Foundation. Immediately prior to her appointment at the SEC, Ms. Ibe was member of the Board of Trustees of the Local Water Utilities Administration for over a year.

She received the following awards and distinctions, among others: PICPA's Accountancy Hall of Fame, Outstanding CPA in Public Practice and Outstanding PICPA Member; one of UE's Most Outstanding Alumni during its 60th. Anniversary; and Fellow for Good Governance and Responsible Citizenship from ISA.

Ms. Ibe is a Certified Public Accountant, and graduated with Bachelor in Business Administration major in Accountancy, magna cum laude from UE. She took up her Advance Management Program from the Asian Institute of Management and her Management Development Program from The European Institute of Business Administration (INSEAD), Fontainebleau, Cedex, France as SGV scholar. She has attended various development executive trainings and seminars on the accounting profession and other discplines.

 

 

 

EPHYRO LUIS B. AMATONG

Commissioner

 
 

Ephyro Luis B. Amatong was appointed commissioner of the Securities and Exchange Commission (SEC) by President Benigno S. Aquino III on April 23, 2014 and took his oath of office on May 13, 2014.

 Before joining the SEC, Mr. Amatong was an Assistant Secretary of the Department of Finance (DOF) where he had an active role in a number of privatization projects, including the privatization of 74 hectares of the Food Terminal, Inc. (P24 billion). He was involved in a number of successfully awarded Public-Private Partnership (PPP) projects such as the construction of 9,300 classrooms under the PPP for School Infrastructure Project Phase I (US$397 million), the NAIA Expressway Project (US$345 million), the Modernization of the Philippine Orthopedic Center (US$126 million), and, most recently, the Automated Fare Collection System of the Department of Transportation and Communication (US$38 million).

 Mr. Amatong was the DOF representative to the Inter-Agency Anti-Graft Coordinating Council and was also part of the team that developed and implemented President Aquino`s Reform Program for the Bureau of Customs.

 He also served in various capacities in the government, namely as Vice President of the Philippine Deposit Insurance Corporation (2012-2013), Corporate Staff Officer of the National Power Corporation (2010-2012), Acting Chairman of the Local Water Utilities Administration (2011), Corporate Legal Counsel and Assistant Corporate Secretary of PNOC Exploration Corporation (2008-2010), Adviser to then Amb. Hilario G. Davide, Jr. at the Permanent Mission of the Philippines to the United Nations (2007-2008), and Senior Law Clerk to then Justice Conchita Carpio Morales of the Supreme Court of the Philippines (2003-2005).

 Before joining the government, Mr. Amatong was an associate with the Villaraza & Angangco Law Offices (2002-2003), where he dealt with high-profile litigation cases.

 Mr. Amatong was admitted to the Philippine Bar in 2002 and the New York Bar in 2007. He holds a Master of Laws (LL.M., 2006) degree, with an International Finance concentration, from Harvard Law School, where he was an Ayala scholar and a Eugenio Lopez scholar. He also holds a Bachelor of Laws (LL.B., 2001) degree from the U.P. College of Law, where he was conferred the Dean`s medal for academic excellence, and a Bachelor of Science in Business Economics (B.S.B.E., 1997) degree, cum laude, from the U.P. School of Economics. He was a member of the Order of the Purple Feather, the Honors Society of the U.P. College of Law, and is a life member of the Honor Societies of Phi Kappa Phi and Pi Gamma Mu.

 
   
   
 

BLAS JAMES G. VITERBO

Commissioner

 
 

Commissioner Blas James G. Viterbo is a corporate and tax lawyer by profession with a background in management and finance coupled with practical experience in public policy and entrepreneurship.

He entered the private workforce with the position of Supervising Senior, handling corporate and tax issues, in KPMG Philippines, then affiliated with Laya Mananghaya & Co. After two years, he left private practice and joined public service as an entry-level legislative-technical staff lawyer in the senate office of Senator Mar Roxas. He rose through the ranks, becoming Chief of the Legislative-Technical Unit, then Deputy Chief of Staff and ultimately, Chief of Staff / Legal Counsel. He was also appointed as Legal Counsel of the Senate Committee on Trade and Commerce.

Under the Tuwid na Daan Administration of President Aquino, he was appointed as a Member of the Board of the Development Bank of the Philippines (DBP) where he served for two years and advocated good governance initiatives. He sat in the Audit, Human Resources and Trust Committees of the Bank as well as DBP representative in the Maritime Industry Authority (MARINA) Board.

As a private citizen, he was a Director and Treasurer of a closely owned holding corporation with business interests in mass media, power generation, commercial and tourism realty development, among others.

He is a graduate of BS Business Administration & Accountancy and also a holder of a LLM degree from the College of Business Administration and College of Law, respectively, both from the University of the Philippines.

 
   
   
 

 

 

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