Jose Isidro Camacho

Jose Isidro Camacho
Jose Isidro Camacho
	Jose Isidro Camacho at the World Economic Forum on East Asia in 2010
Chairperson of University of the Arts Singapore
	Incumbent
	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; July 20, 1955 (age 69); Balanga, Bataan, Philippines
Spouse	Ma. Clara "Kim" Acuña
Children	Bea, Lorenzo, Carlos, Anuncia, Joaquin and Simon
Residence	Singapore
Alma mater	De La Salle University (AB) ; Harvard University (MBA)

Jose Isidro "Lito" Navato Camacho is a Filipino banker who served as the Philippines' Secretary of Energy and later on as Finance under President Gloria Macapagal Arroyo.

After his short stint in the government, he returned to the private sector, and now serves as Vice-Chairman of Credit Suisse of Asia–Pacific and its Singapore Country Chief Executive Officer; Non-Executive Chairman of Sun Life of Canada (Philippines); director of SymAsia Foundation (Singapore), and member of the board of National 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 of Malaysia.^[2]

Personal life

Camacho was born in Balanga, Bataan to Teodoro Camacho, Jr. and Leonarda Navato. His grandfather, Teodoro Camacho, Sr. was congressman and governor of Bataan.^[1]

He finished high school Don Bosco Technical Institute in Mandaluyong in 1972,^[3] and in 1975 he graduated cum laude with an A.B. Mathematics degree from De La Salle University in Manila. He studied and obtained an MBA with a concentration on Finance from Harvard Graduate School of Business Administration in the United States in 1979.^[2]

Professional career

After college, Camacho worked at Banco 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 of Bankers Trust New York. Later on, he became Managing Director and Chief Country Officer of Deutsche 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]

Government service

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 the Government Service Insurance System was perceived to have prompted it.^[4] His resignation brought anxieties and uncertainties in the government and caused the peso to plummet against the dollar 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's Anti-Money Laundering Law (R.A. 9160) was also passed under his tenure.

References

^ ^a ^b ^c "Who's Who in Bataan – Jose Isidro Navato Camacho". 1Bataan. 14 April 2016. Retrieved 2016-04-22.
^ ^a ^b ^c "Jose Isidro Camacho". World Economic Forum. Retrieved 2016-04-22.
^ "History of DBTC" (PDF). Don Bosco Technical College. Archived from the original (PDF) on 2011-07-16. Retrieved 2016-04-22.
^ Napallacan, Jhunnex (2003-11-25). "Garcia: Don't blame me for Camacho's resignation". Philippine Daily Inquirer. Retrieved 2016-04-22.
^ ^a ^b "Peso dips after Camacho goes". CNN. 2003-11-24. Retrieved 2016-04-22.
^ Batino, Clarissa S.; Cabacungan, Gil; Dumlao, Dorris; Torrijos, Elena R. (2003-11-21). "Camacho resigns; peso hits record low". Philippine Daily Inquirer. Retrieved 2016-04-22.

Government offices
Preceded by Alberto Romulo	Secretary of Budget and Management 2001–2003	Succeeded by Juanita Amatong
Preceded by Mario Tiaoqui	Secretary of Energy 2001	Succeeded by Vincent S. Perez

[1b-1] "Who's Who in Bataan – Jose Isidro Navato Camacho". 1Bataan. 14 April 2016. Retrieved 2016-04-22.

[wef-2] "Jose Isidro Camacho". World Economic Forum. Retrieved 2016-04-22.

[3] "History of DBTC" (PDF). Don Bosco Technical College. Archived from the original (PDF) on 2011-07-16. Retrieved 2016-04-22.

[4] Napallacan, Jhunnex (2003-11-25). "Garcia: Don't blame me for Camacho's resignation". Philippine Daily Inquirer. Retrieved 2016-04-22.

[cnnr-5] "Peso dips after Camacho goes". CNN. 2003-11-24. Retrieved 2016-04-22.

[6] Batino, Clarissa S.; Cabacungan, Gil; Dumlao, Dorris; Torrijos, Elena R. (2003-11-21). "Camacho resigns; peso hits record low". Philippine Daily Inquirer. Retrieved 2016-04-22.

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v t e Cabinet of President Gloria Macapagal Arroyo (2001–2010)
Vice-President	Teofisto Guingona Jr. (2001–2004) Noli de Castro (2004–2010)
Secretary of Agrarian Reform	Horacio Morales (2001) Hernani Braganza (2001–2003) Roberto Pagdanganan (2003–2004) Jose Maria Ponce (2004) Rene Villa (2004–2005) Nasser C. Pangandaman (2005–2010)
Secretary of Agriculture	Domingo Panganiban (2001) Leonardo Montemayor (2001–2002) Luis Lorenzo, Jr. (2002–2004) Arthur C. Yap (2004–2005) Domingo Panganiban (2005–2006) Arthur C. Yap (2006–2010)
Secretary of Budget and Management	Emilia Boncodin (2001–2005) Romulo Neri (2005–2006) Rolando G. Andaya, Jr. (2006–2010)
Secretary of Education	Raul Roco (2001–2002) Edilberto de Jesus (2002–2004) Florencio Abad (2004–2005) Ramon Bacani (2005) Fe Hidalgo (2005–2006) Jesli A. Lapus (2006–2010) Mona Valisno (2010)
Secretary of Energy	Jose Isidro Camacho (2001) Vincent S. Perez (2001–2005) Raphael Lotilla (2005–2007) Angelo Reyes (2007–2010) Jose Ibazeta (2010)
Secretary of Environment and Natural Resources	Heherson Alvarez (2001–2003) Eliza Gozun (2003–2004) Mike Defensor (2004–2006) Angelo Reyes (2006–2007) Jose L. Atienza Jr. (2007–2009) Horacio Ramos (2009–2010)
Secretary of Finance	Jose Pardo (2001) Alberto Romulo (2001) Jose Isidro Camacho (2001–2003) Juanita Amatong (2003–2005) Cesar Purisima (2005) Margarito Teves (2005–2010)
Secretary of Foreign Affairs	Teofisto Guingona, Jr. (acting capacity; (2001–2002)) Gloria Macapagal Arroyo (acting capacity; 2002) Blas Ople (2002–2003) Franklin Ebadlin (2003) Gloria Macapagal Arroyo (acting capacity; 2003) Delia Albert (2003–2004) Alberto Romulo (2004–2010)
Secretary of Health	Manuel Dayrit (2001–2005) Francisco T. Duque III (2005–2009) Esperanza Cabral (2009–2010)
Secretary of the Interior and Local Government	Jose Lina, Jr. (2001–2004) Angelo Reyes (2004–2006) Ronaldo V. Puno (2006–2010)
Secretary of Justice	Artemio Tuquero (2001) Hernando Perez (2001–2002) Merceditas Gutierrez (2002–2003) Simeon Datumanong (2003) Merceditas Gutierrez (2003–2004) Raul Gonzales (2004–2009) Agnes Devanadera (2009–2010) Alberto Agra (2010)
Secretary of Labor and Employment	Patricia Santo Tomas (2001–2006) Arturo Brion (2006–2008) Marianito D. Roque (2008–2010)
Secretary of National Defense	Orlando Mercado (2001) Angelo Reyes (2001–2003) Gloria Macapagal Arroyo (acting capacity; 2003) Eduardo Ermita (2003–2004) Avelino Cruz, Jr. (2004–2006) Gloria Macapagal Arroyo (acting capacity; (2006–2007)) Hermogenes Ebdane Jr. (2007) Norberto Gonzales (2007) Gilberto C. Teodoro Jr. 2007–2009 Norberto Gonzales (2009–2010)
Secretary of Pubilc Works and Highways	Simeon Datumanong (2001–2003) Bayani Fernando (2003) Florante Soriquez (2003–2005) Hermogenes Ebdane Jr. (2005–2007) Manuel Bonoan (2007) Hermogenes Ebdane Jr. (2007–2009) Victor Domingo (2009–2010)
Secretary of Science and Technology	Estrella F. Alabastro (2001–2010)
Secretary of Social Welfare and Development	Corazon Soliman (2001–2005) Esperanza Cabral (2005–2009) Celia Yangco (2009–2010)
Secretary of Tourism	Richard Gordon (2001–2004) Robert Ace Barbers (2004) Roberto M. Pagdanganan (2004–2005) Joseph Ace H. Durano (2005–2010)
Secretary of Trade and Industry	Manuel Roxas II (2001–2003) Cesar Purisima (2004–2005) Juan Santos (2005) Peter B. Favila (2005–2010) Jesli Lapus (2010)
Secretary of Transportation and Communications	Pantaleon Alvarez (2001–2002) Leandro Mendoza (2002–2010) Anneli Lontoc (2010)
Executive Secretary	Renato de Villa (2001) Alberto Romulo (2001–2004) Eduardo Ermita (2004–2010) Leandro Mendoza (2010)
Presidential Spokesperson	Elena Bautista-Horn (2001–2010)
Press Secretary	Jesus G. Dureza (2001-2010)
Chairperson of the Commission on Higher Education	Carlito Puno (2001–2007) Romulo Neri (2007–2008) Emmanuel Angeles (2008–2010)
Director-General of the National Economic and Development Authority	Dante Canlas (2001–2002) Romulo Neri (2002–2005) Augusto Santos (2005–2006) Romulo Neri (2006–2007) Augusto Santos (2007–2008) Ralph Recto (2008–2009) Augusto Santos (2009–2010)
Solicitor General	Simeon V. Marcelo (2001–2002) Carlos N. Ortega (2002) Alfredo Benipayo (2002–2006) Antonio Eduardo B. Nachura (2006–2007) Agnes Devanadera (2007–2010) Alberto Agra (2010)
Chairman of the Metropolitan Manila Development Authority	Benjamin Abalos (2001–2002) Bayani Fernando (2002–2009) Oscar Inocentes (2009–2010)
National Security Adviser	Noberto Gonzales (2001–2010)