Source: GMA News
Malacañang on Friday announced the appointment of Cosette Canilao as the executive director of Public-Private Partnership (PPP) Center.
PPP is the Aquino administration’s economic centerpiece program aimed at tapping private sector funds for 80 infrastructure projects worth P740 billion to be undertaken starting this year.
At a press briefing, presidential spokesperson Edwin Lacierda said Canilao has over 20 years experience in the private sector in the field of advisory, investment banking, and corporate banking.
Canilao was appointed on September 15.
She joined government service, initially as a consultant of National Economic and Development Authority (NEDA) for the PPP Center of the Philippines, and recently as the Center’s Deputy Executive Director.
Lacierda said prior to joining the PPP Center, Canilao was a director of Standard Bankwhere she established and headed its distressed debt servicing business in the Philippines.
She is also a former partner of PricewaterhouseCoopers, a professional services firm, where she headed the Crisis Management Practice and Financial Services (FS) Industry consulting.
“Her broad experience in advisory includes corporate finance, mergers and acquisitions, private equity transactions, divestitures, debt restructuring, compliance review and transactions services. She started her career in program lending and corporate banking,” Lacierda said.
Canilao holds a Masters in Finance degree from the University of the Philippines and attended numerous trainings in the course of her career including a corporate restructuring program in Harvard Business School.
Canilao replaced Philamer Torio who resigned last month to pursue further studies abroad.
Ricky Carandang, head of the Presidential Communications Development and Strategic Planning Office, said Canilao is the logical choice.
“She’s performed well and this eliminates the need for transition since she’s already there. She’s been there since the start,” he said. — LBG, GMA News
