Interested to manage the Philippines’ first sovereign wealth fund? It might be time to update your resumé.
Malacañang has started the search for board members of the Maharlika Investment Corporation (MIC), the entity tasked under the law to manage the Maharlika Investment Fund.
The implementing rules and regulations (IRR) of the law creating MIF provides for the selection of a president and chief executive officer, two regular directors and three independent directors for the MIC.
Finance Secretary Benjamin Diokno recently said that the MIC chief and regular directors should be Filipinos, while the independent directors can be foreigners.
Nominations for MIC board members should be in by September 27, 2023.
Interested applicants can check https://tinyurl.com/4u3bxv7k for details of the qualifications and requirements for the vacant positions. They can also call (+63) 2 8524 7039.
National Treasurer Rosalia De Leon said applicants will be vetted by an ad hoc technical committee, composed of officials from the National Economic and Development Authority (NEDA), Department of Budget and Management, Bureau of Treasury and the Government Commission for Government-owned or Controlled Corporations (GCG).