UP elects new president

ABS-CBN News

Posted at Dec 03 2010 12:35 PM | Updated as of Dec 04 2010 05:18 PM

MANILA, Philippines - A finance expert and election watchdog convenor is the new president of the University of the Philippines.

Alfredo E. Pascual of the Automated Election System (AES) Watch was elected on Friday morning by the UP Board of Regents, the highest decision-making body of the state university.

Reports from UP's school paper Philippine Collegian say Pascual was voted by a majority of the Board of Regents.

Pascual will assume office in February 2011, replacing Emerlinda Roman, UP's first woman president.

Pascual graduated with a degree in chemistry (cum laude) in 1969 and with an MBA in 1972.

According to up.edu.ph, he is a finance professional and worked with the Asian Development Bank for 19 years until 2008.

Pascual also taught finance at the Asian Institute of Management for 9 years. Prior to that, he also taught at the UP Department of Chemistry and Ateneo de Manila University's Department of Management Engineering and Department of Business.

He was conferred the Distinguished Alumnus Award by the UP College of Business Administration in 2009.

Pascual was president of the UP Alumni Association since 2009, but he resigned in August this year because of his nomination for the UP presidency.

He also served as alumni regent of UP from 2009, with his term supposedly ending in 2012. -- With report from ANC