DG Fonacier is the head 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 subsubsectors 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 the public credit registry, policy studies/research, and supervisory data management.

DG Fonacier joined the BSP in 1984 as a bank examiner and worked her way to become the deputy governor of FSS in 2017. In 2008, she headed the BSP’s primary supervisory unit that handles specially-challenged banks. Under her watch, a record number of bank issues and developments were successfully resolved and implemented. She 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.

DG Fonacier recently served two extended terms as 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. She also served as Chair of the Global Standards and Policy of the Alliance for Financial Inclusion and the Consumer Protection and Education Committee of the Financial Sector Forum.

She is currently the BSP’s representative to the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) Plenary and Workstream 1 (Supervision/Micro-Prudential Practices) and the permanent alternate of the BSP Governor in the Board of Directors of the Philippine Deposit Insurance Corporation (PDIC). She previously served as an alternate Member of the National Development Corporation (NDC), as well as the Agricultural Credit Policy Council - Governing Council.

DG Fonacier has served as panelist/resource person in various international conferences/fora on banking supervision, sustainable finance, financial technology and digitalization, financial inclusion, shadow banking, microfinance, bank resolution and

crisis management, financial stability, capacity building, etc. organized by international bodies such as the United Nations (UN), IMF/World Bank, Bank of International Settlements (BIS), Financial Stability Institute (FSI), Asia-Pacific Economic Cooperation (APEC), Asian Bankers Association (ABA), South East Asian Central Banks (SEACEN) and central banks and monetary/supervisory authorities of various countries.

DG 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’s degree 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.

Paolo Salcedo is the head of virtual banking in Maybank Philippines.

He built his banking career in EastWest Bank, Standard Chartered, and HSBC, covering different banking functions such as deposit and lending products, credit and debit cards usage, lending operations, operational risk, acquisitions and marketing.

Prior to banking, he also had stints in fast moving consumer goods (Colgate Palmolive) and Pharma (GlaxoSmithkline, Abbott) covering brand management and market research. He also taught marketing research in the University of the Philippines and was part of ACNielsen as a marketing research practitioner.

Gilbert has more than 11 years of combined professional experience in providing digital and IT transformation advisory, strategy and governance development, cyber maturity assessments, IT audit, risk consulting and more. He has a firm background in the government, private sector and international non-profit organizations.

Mica Diaz de Rivera is a seasoned professional with over a decade of experience in User Experience Design and Research. His background encompasses innovation, operations, and diverse project management roles, with an international scope. Mica is also academically accomplished with an Executive MBA and a Bachelor's in Computer Science, and actively engages as a speaker in the technology and design sectors.

Dan is a Business Transformation professional with nearly 2 decades of leadership experience in reshaping how organization's ORGANIZE, OPERATE and BEHAVE. Improving how organizations work and perform are his goals and passions. He understands that the key to any successful transformation venture is by starting with people and culture first - only then can organizations humanize the business for both the employee and the customer.

As an advocate of purpose-led innovation, he envisions a Philippines where families’ dreams come true, businesses flourish and the nation is admired. He would gladly partner with anyone who can help contribute to this vision as he believes that moving forward together is not about being number one anymore.

His experience spans various industries such as banking, utilities and insurance. By thinking in terms of becoming future-ready, rather than future-proof, keeps the organization’s door open to future innovation - developing new solutions, better answers, more advanced technology, and different ideas.

As a certified practitioner in Lean Six Sigma, Customer/User Experience and Design Thinking, he is now currently part of the leadership team in charge of the transformation efforts of one of the biggest banks in the world, ING.

​Profile Summary:

Sumit Kumar is a Partner & Managing Director in the Kuala Lumpur office. He is a member of FI and TA practice. He has a deep experience working with Financial Institutions across strategy, design and implementation and specializes in digital transformations, LEAN, Agile and PMIs.

​Relevant BCG experiences:

• Conducted retail cost transformation covering diagnostics and implementation support for an Indonesian bank
• Assisted with optimization of retail branch effectiveness and efficiency for an Indonesian bank
• Developed the strategic agenda on digitization analytics and fin tech ecosystem for a Malaysian bank, including end to end support from customer discovery to ideation and initial design
• Designed and piloted new commercial and SME model for a foreign exchange bank in Southeast Asia
• Developed 3-year groupwide strategy for a Malaysian bank
• Supported implementation of client's SME corporate plan strategy for a Indonesian bank
• Provided PMI support for a Malaysian universal bank
• Assisted with SME credit transformation, creating LEAN advantage for secured and unsecured lending products for a bank in Malaysia
• Developed a 3 year customer-centric growth and go-to-market strategy, includ. roadmap and action plan for a leading Thai life insurer, and developed strategy to win in affluent retirement segment
• Developed insurance strategy for an Indonesian bank