MANILA, Philippines - The Fund Managers Association of the Philippines (FMAP) recently named Michael V. Ferrer, a 20-year investment veteran, as president, taking charge of the organization that represents the broadest cross-section of institutional investors in the Philippines.
FMAP was founded 1997 with the aim of boosting growth in the Philippine capital and financial markets. To date, it has 45 member institutions which include trust departments, mutual fund companies, insurance firms, retirement funds, private equity funds, and government-sponsored funds with assets under management (AUM) amounting to over P3-trillion.
“FMAP plays an important role as catalyst for capital market development and champion of investor rights” Ferrer said. FMAP collaborates with government agencies in the amendment of laws affecting the industry and contributes to policy formation.
Apart from his duties in FMAP, Ferrer is also the president and managing director of ATR KimEng Asset Management, one of the leading independent asset management groups in the Philippines.
Prior to ATRAM, Ferrer spent 15 years with ING, rising to the position of Regional General Manager of ING Investment Management (ING IM) for South Asia, based in Hongkong. In this role, he was responsible for ING IM’s businesses in the Philippines, Thailand, Malaysia, Singapore, India and Dubai. He also previously held the position of Country Manager for ING’s fund management subsidiary in Taiwan from 2002-2003 and Country Manager and Chief Executive Officer of ING IM Philippines from 1998- 2002.