Duterte names new SEC chairperson

Duterte signed Aquino’s appointment Wednesday, replacing Teresita J. Herbosa whose seven-year term ended in March this year. (Photo: Emilio Benito Aquino/Facebook)

MANILA – President Rodrigo Duterte has appointed Emilio Benito Aquino as chairman of the Securities and Exchange Commission (SEC).

Duterte signed Aquino’s appointment Wednesday, replacing Teresita J. Herbosa whose seven-year term ended in March this year.

“Pursuant to the provisions of existing laws, you are hereby appointed chairperson, Securities and Exchange Commission, Department of Finance, for a term of seven (7) years,” Aquino’s appointment reads.

Prior to his appointment, Aquino was one of the SEC commissioners from Mindanao. He was appointed commissioner in December 2016.

Aquino finished his law studies at San Beda College, now San Beda University, where President Rodrigo Duterte also obtained a law degree in 1972.