Alfredo E. Pascual
Alfredo E. Pascual
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Alfredo E. Pascual

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Alfredo E. Pascual

Alfredo "Fred" Espinosa Pascual (born July 7, 1948) is a Filipino international development banker and finance expert who served as the Secretary of Trade and Industry under the administration of President Bongbong Marcos from June 30, 2022 to August 1, 2024. He also served as the 20th President of the University of the Philippines (U.P.) System, from 2011 to 2017. He was a member of the U.P. Board of Regents, the university's highest policy-making and governing body, representing the alumni, just before he was elected as U.P. President.

At the time of his appointment as Secretary of Trade and Industry, he was the President of the Management Association of the Philippines (MAP) and an independent director of publicly-listed companies including SM Investments, Concepcion Industrial, and Megawide Construction. He was also a former chief executive officer of the Institute of Corporate Directors, a non-stock, non-profit organization established in 1999 to lead in the advocacy for good governance in the corporate sector of the Philippines.

Born to Armando E. Pascual and Melania B. Espinosa, Pascual graduated valedictorian from the University of Santo Tomas High School. He then enrolled in the University of the Philippines Diliman and took up B.S. Chemistry, graduating cum laude in 1969. He received his Master of Business Administration degree from the same university in 1972. While at the University of the Philippines, he was initiated into the Upsilon Sigma Phi.

He attended the EC-ASEAN Teacher Program on the Management of Strategic and Organizational Change at the INSEAD Euro-Asia Centre in Fontainebleau, France.

His early career was spent teaching at the chemistry department of the University of the Philippines College of Science as an instructor. He also taught at the Ateneo de Manila University's departments of management engineering and business management as a part-time lecturer for over four years. He later became the American Express Foundation Professor of Financial Management from 1980 to 1989, chair of the Master of Business Management program, and director of the Advanced Bank Management program at the Asian Institute of Management.

In the 1970s, Pascual was department manager in Procter and Gamble, project manager in Bancom Development Corporation, assistant vice-president in Philippine Pacific Capital Corporation (now RCBC Capital), and vice president in First Metro Investment Corporation. He then joined the faculty of the Asian Institute of Management as finance professor from 1980 to 1989.

From 1989 to 2008, Pascual worked in the Asian Development Bank (ADB) as a senior investment officer in the private sector department. He then became director of its Private Sector Infrastructure Finance Division and its Capital Markets & Finance Sectors Division. Pascual later served as advisor on public-private partnership in infrastructure. He had postings in ADB's resident offices in New Delhi, India and Jakarta, Indonesia. He also represented ADB on the corporate board of the Mutual Fund Company of the Philippines and other corporations in China, India, Hong Kong, and the Netherlands.

Dr. Pascual was selected among the 11 nominees for the presidency of the University of the Philippines System in 2011. Some of the other nominees were: School of Economics professor and current Finance Secretary Benjamin Diokno, former College of Law dean Raul Pangalangan, National Historical Commission of the Philippines chair and former university vice president for academic affairs Ma. Serena Diokno, former Department of English & Comparative Literature chair Consolacion Alaras, former chancellors Sergio Cao of University of the Philippines Diliman and Luis Rey Velasco of University of the Philippines Los Banos, and Social Weather Stations fellow and School of Labor and Industrial Relations professor Virginia Teodosio.

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