Key Takeaways
- • Maharlika Investment Corporation president and CEO Rafael "Joel" Consing Jr. confirmed he will step down on November 23, 2026, as his three-year term comes to an end.
- • Consing shared with reporters on Thursday, November 5, 2026, the steps he is taking to prepare the fledgling sovereign wealth fund for an orderly leadership transition.
- • The announcement is based on a Rappler video report; the primary source does not disclose a successor, deal values, or AUM figures.
Summary
Rafael "Joel" Consing Jr., president and chief executive officer of the Maharlika Investment Corporation, confirmed that he will step down on November 23, 2026, according to a Rappler video report. He said his three-year term is coming to an end.
In remarks to reporters on Thursday, November 5, Consing outlined the steps he is taking to prepare the fledgling Philippine sovereign wealth fund for an orderly transition. The Rappler report, filed by Lance Yu, is a video piece and the available material does not specify a named successor, the timing of a permanent appointment, or any changes to the fund's investment mandate or capital position.
The departure marks a leadership change at an early-stage state-backed vehicle. Institutional observers following the fund's governance and investment pipeline will likely look to the transition plan for clarity on continuity of management during the handover.
In remarks to reporters on Thursday, November 5, Consing outlined the steps he is taking to prepare the fledgling Philippine sovereign wealth fund for an orderly transition. The Rappler report, filed by Lance Yu, is a video piece and the available material does not specify a named successor, the timing of a permanent appointment, or any changes to the fund's investment mandate or capital position.
The departure marks a leadership change at an early-stage state-backed vehicle. Institutional observers following the fund's governance and investment pipeline will likely look to the transition plan for clarity on continuity of management during the handover.
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