A long-time serving official of the corporate regulator Securities and Exchange Commission (SEC) has been appointed as its new commissioner.
President Rodrigo Duterte on December 2 signed the appointment papers of Emilio Benito Aquino as the new SEC commissioner. He replaces Commissioner Manuel Huberto Gaite whose term expired on March 11, 2016.
Before his appointment, Aquino was a practicing CPA-lawyer based in Zamboanga City. From 1993 to 2005, Aquino served the SEC in various positions, as the head of SEC Davao and the Zamboanga extension office, as director of the prosecution and enforcement department, non-traditional securities and instruments department, and compliance and enforcement.
Aquino has an accounting degree from the Universidad de Zamboanga; he was class valedictorian and graduated magna cum laude. He also passed the CPA licensure exam with a rating of 89.14 percent.
He finished his law studies at the San Beda College of Law where he was a Dean’s Lister and a Silver Medalist. He also was among the topnotchers in the 1992 Bar Exams where he ranked 16th.
He also earned a master’s in public management through a government scholarship at the Development Academy of the Philippines (DAP), graduating at the top of his class.