P-Noy names new GSIS president, 13 other new officials

By Philippine Information Agency (PIA 8)
September 22, 2010

TACLOBAN CITY  –  President Benigno S. Aquino III on September 20, appointed Hong Kong-based fund manager Robert Vergara as new president and general manager of the Government Service Insurance System (GSIS), including 13 other new officials in government corporations.

The new GSIS President, who took over the post vacated by Winston Garcia, finished his Master of Business Administration at the Harvard Business School and graduated magna cum laude in Bachelor of Science degree in Management Engineering and Mathematics from Ateneo de Manila University.

Before the GSIS appointment, Mr. Vergara served as a fund manager and director of Lionhart (Hong Kong) Ltd. specializing in equity arbitrage and relative value trading.

Mr. Vergara has vast experience in wealth management. He had previously worked in Morgan Stanley Asia and Dresdner Kleinwort Wasserstein Asia.

The President also named three new members of the GSIS board of trustees, namely George Yu, Roman Felipe Reyes, and Danilo Gozo.

Meanwhile, President Aquino has also appointed Domingo Diaz as new member of the board of the Land Bank of the Philippines representing agrarian reform beneficiaries, and Tomas de Leon Jr., on the other hand, represents the private sector as member of the board in Land Bank. Mr. De Leon takes the place of Cyril del Callar.

The President also appointed three commissioners in the Social Security System, namely, Jose Cuisia Jr. as representative of the employer’s group; Daniel Edralin as representative of the workers’ sector; and Marinita Mendoza as woman representative.

Furthermore, Grace Cenas was appointed administrator of the National Dairy Authority (NDA), replacing Orkhan Usman. Ms. Cenas had previously worked as NDA-Central Visayas manager.