Chuchi G. Fonacier is the Deputy Governor of the Financial Supervision Sector (FSS), which is mainly responsible for the regulation of banks and other BSP-Supervised Financial Institutions (BSFIs). Under her direct supervision are five subsectors which handle onsite examination and offsite surveillance (or integrated supervision) of BSFIs including specialized supervision of specific areas (i.e., anti-money laundering, trust, financial market operations and information technology), oversight of payment systems, policy studies/research, and supervisory data management.
Deputy Governor Fonacier joined the BSP in 1984 as a bank examiner and worked her way to become assistant governor in 2017. One of the highlights of her career as a central banker is her designation as the BSP's point person of two important legislative measures passed by Congress – the Securitization Act and the Special Purpose Vehicle Act. Both laws were instrumental in unloading banks’ non-performing assets and improving their financial position. In 2008, she headed the BSP’s primary supervisory unit that handles specially-challenged banks. Under her watch, a record number of banks were successfully resolved.
Deputy Governor Fonacier also led the development of various programs, in coordination with the Philippine Deposit Insurance Corporation (PDIC), aimed at strengthening the thrift, rural, and cooperative banking sectors by encouraging mergers, consolidations, and acquisition involving weak banks.
Deputy Governor Fonacier is currently the Chair of the Executives’ Meeting of East Asia Pacific Central Banks Working Group on Banking Supervision (EMEAP WGBS), composed of central bank and supervisory authorities from 11 countries in the East Asia and the Pacific which focuses on bank supervision matters that are relevant to EMEAP WGBS members.
As Deputy Governor, she is also a member and the BSP-designated representative in different interagency committees such as the Financial Sector Forum (FSF), Agricultural Credit Policy Council (ACPC) Governing Council and Credit Information Corporations Project, and the permanent alternate of the BSP Governor in the Board of Directors of the Philippine Deposit Insurance Corporation (PDIC) and the National Development Corporation (NDC).
Deputy Governor Fonacier took up her Bachelor of Science in Commerce major in Accounting degree at University of St. La Salle - Bacolod. She is a Certified Public Accountant (CPA) and a holder of a Career Service Executive Eligibility (CSEE). She obtained her Master in Business Administration (MBA) at the Ateneo de Manila University.
She attended the Program on Rethinking Financial Inclusion: Smart Design for Policy and Practice organized by the Harvard Kennedy School, and various foreign trainings and seminars offered by the IMF/World Bank, International Association of Deposit Insurers (IADI), and other central banks and supervisory authorities such as the Federal Reserve System, Bank of England, Monetary Authority of Singapore (MAS), Bank Negara Malaysia (BNM) and South East Asian Central Banks (SEACEN).
She was also invited as panelist/resource person in various international conferences/fora on banking supervision, financial inclusion, shadow banking, microfinance, information technology, bank resolution and crisis management, financial stability, capacity building, etc.
Chris Burgess is the Vice President of Risk at First Circle, one of the most innovative FinTech companies in ASEAN, where he leads limit pricing and risk underwriting.
Before joining First Circle, Chris worked for Bridgewater Associates, the world’s largest and most successful hedge of all time. Here, he was able to build systematic trading strategies to produce attractive returns through pricing and portfolio construction.
Prior to this, he also managed the European Government Bond book at Morgan Stanley in London; specialising in peripheral bonds during the depths of the European Debt Crisis.
With similar principles and philosophy to risk at First Circle, Chris brings with him extensive experience in risk management, asset allocation, and trading as a world-class risk manager.
Kristoffer Anthony Patron, or Ton, is the Head of Sales and Business Development of SeedboxTechnologies, Inc.
He has 14 years experience in the financial industry with key roles in sales management, business development, and digital marketing and sales. He is responsible for putting together the partnership that eventually launched the Philippines first Mutual Fund supermarket.
He graduated from De La Salle University with an Arts Bachelor in Behavioral Science major in Organizational Systems Development. He took up his Post Graduate Management Diploma at the DLSU Graduate School of Business and his Professional Diploma in Digital Marketing under the Digital Marketing Institute program from Ireland, United Kingdom. He is also a Graduate member of the Registered Financial Planners of the Philippines.
Ton is an accomplished triathlete having raced in Ironman70.3 in 2014.He is an avid reader, an advocate of personal finance and an aspiring blogger. You can read more about his perspective on financial planning and financial literacy in his blog The Digital Investor at tonpatronph.com.