Duterte appoints Emilio Aquino as SEC chairperson

Pia Ranada
Duterte appoints Emilio Aquino as SEC chairperson
This comes as no surprise, as Aquino is the first SEC commissioner appointed by President Rodrigo Duterte

MANILA, Philippines – President Rodrigo Duterte named Emilio Aquino as the new Securities and Exchange Commission (SEC) chairperson, replacing Teresita Herbosa, whose term expires this year.

Aquino’s appointment papers were signed by Duterte on Wednesday, June 6, according to the Malacañang Records Office.

Aquino previously served as one of the commissioners in the 5-commissioner SEC. He was the only one appointed by Duterte.

Herbosa was appointed by Duterte’s predecessor, Benigno Aquino III, in 2011. Like Herbosa, Aquino will serve a 7-year term.

As SEC chairperson, Aquino will also be a member of the Anti-Money Laundering Council (AMLC). – Rappler.com

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Pia Ranada

Pia Ranada is a senior reporter for Rappler covering Philippine politics and environmental issues. For tips and story suggestions, email her at pia.ranada@rappler.com.