Winston Garcia
Cebu CFI Financial Institute
In office
2019–Present
Personal details
Born
Winston Fiel Garcia

(1958-05-21) May 21, 1958
Cebu, Philippines
Political partyOne Cebu (local)
Other political
affiliations		UNA (2015–2016)
PDP–Laban (2016–present)
Parent(s)Pablo P. Garcia
Esperanza “Inday” Fiel-Garcia
RelativesGwendolyn Garcia (sister)
Pablo John Garcia (brother)
ProfessionPolitician, Corporate CEO and Director

Winston Fiel Garcia (born May 21, 1958) is a Filipino lawyer, and corporate leader who was the general manager and president of Government Service Insurance System.[1] He has served as the director and board member of several of the biggest institutions in the Philippines such as the Philippine Stock Exchange, San Miguel Corporation, Meralco and is currently the chairman of the Garcia-owned Cebu CFI Cooperative.

Personal life

Garcia was born and raised in Cebu, Philippines, to a family of lawyers. He is the son of former Deputy Speaker Pablo P. Garcia[2] and Cebu CFI Community founder, retired judge Esperanza “Inday” Fiel Garcia. He is the brother of Cebu governor Gwendolyn Garcia and Cebu 3rd District Congressman Pablo John Garcia. Winston is married to Isabel, an architect and the president of the Zonta Club International Cebu Chapter. They both have 5 children.

Academic life

Garcia attended law school at the San Beda College of Law, while also taking up Associate in Arts at the Southwestern University in Cebu City and Bachelor of Philosophy at the University of Santo Tomas-Central Seminary.

Garcia's track record as a public servant includes his position as chairman of Cebu Provincial Committee on Good Government, Committee on Laws and Ordinances and executive committee on Anti-Graft and Corrupt Practices.[3]

Garcia was conferred an honorary doctorate degree in public administration by the Polytechnic University of the Philippines.[4]

As general manager and president of GSIS

Garcia overhauled the near-bankrupt GSIS[5] into the most profitable government enterprise in the Philippines.[6][7][8][9]

He intensified collection, eliminated fraud, launched aggressive marketing of new products and services to members, and instituted practical reforms in GSIS investment activities. He also purged entries of deceased members from the GSIS rolls.[10]

GSIS assets increased by 500 billion pesos (US$10 billion) during his 9-year tenure

When GSIS was on the cusp of bankruptcy, Garcia employed several technological and managerial reforms which saved the corporation. In the span of 9 years, Garcia was able to generate nearly 500 billion pesos (US$10 billion) for the GSIS conglomerate.

GSIS e-Card and G-V@PS

Garcia delivered the 1.5 million GSIS members into the Digital Age by embarking on the ambitious eCard Plus System,[11] the GSIS Wireless Automated Processing System (G-W@PS) and the GSIS Voice Activated Processing System (G-V@PS). These programs enabled GSIS members to enjoy their GSIS benefits and loan privileges anytime and anywhere—using automated, paperless, secure, and wireless systems.[12]

Juan Luna's "The Parisian Life".

Juan Luna's "The Parisian Life"

One of the most controversial paintings to date is Juan Luna's "The Parisian Life" which is now exhibited to the public at the Philippine National Museum.[13]

An oil painting dated 1892, the painting was purchased in 2002 Garcia at an auction in Hong Kong for Php 46 million, which raised questions over whether government workers' money was being properly used.[14]

The Commission on Audit (COA) filed a case against Garcia for graft and grave misconduct. Garcia's decision to purchase a piece of history[15] was proven to be a worthy investment for the agency after COA decided to reconsider its disallowance of the purchase of the painting.[16]

The painting, which was purchased initially at Php 46 million, is now worth Php 300 Million. The investment proved worthy.[17][18][19]

Career in business management

Garcia is the former chairman of the National Reinsurance Corporation; the GSIS Mutual Fund, Inc.; and the ASEAN Forum Inc. He also serves as the Vice Chairman of the Philippine Social Security Association and board member of the ASEAN Social Security.

Garcia used to sit as an independent director of San Miguel Corporation and director of the Philippine National Construction Corporation; and the Philippine Health Insurance Corporation.

He is a member of the International Social Security Association, International Insurance Society Inc and the International Insurance Society, Inc.

Notable positions held

  • Director of the Philippine Stock Exchange
  • Director of Asean Social Security Association
  • Chairman of the board at National Reinsurance Corporation
  • Meralco director from May 2004 to April 2005
  • Independent director of Manila Electric Co. from February 26, 2008, to January 2009
  • Independent director for San Miguel Corporation since February 1, 2001
  • Chairman of Equitable Card Network, Inc., PCIB Securities, Inc. and Equitable Savings Bank, Inc

Political life

Garcia served in the Provincial Board of Cebu for two terms, from April 1986 to June 1995. As provincial board member, he is credited for developing the P1 billion bond program of Cebu that raised funds to finance the province's infrastructure, triggering the Ce-boom phenomenon.[20]

A lawyer by profession,[21] he was the gubernatorial candidate of One Cebu Party for the 2016 Cebu elections. Nerissa Soon Ruiz was his running mate for Vice Governor[22] in the May 9 election against the incumbent Cebu Governor Hilario Davide III and Vice Governor Agnes Magpale of Liberal Party (Philippines).[23][24][25]

On February 16, 2016, Binay's party United Nationalist Alliance and One Cebu party (with former GSIS chairman Garcia as the party's gubernatorial bet in Cebu local elections, 2016) form a local coalition in the province of Cebu during the local party's general assembly.[26][27][28]

Garcia had openly challenged incumbent Cebu governor Davide to a public debate, but Davide refused, commenting that it was "a waste of time.".[29][30][31] On his side, Winston Garcia urges COMELEC to organize local debate. "A debate is a venue for voters to learn about a candidates platform. It will help guide them in identifying which leader has the better program," Garcia said.[32]

References

  1. ↑ "Stocks". Bloomberg News.
  2. ↑ "Pablo Garcia named deputy speaker: Powerful House post for Tomas". The Philippine STAR.
  3. ↑ "Winston F. Garcia | San Miguel Corporation". Archived from the original on March 26, 2016. Retrieved March 12, 2016.
  4. ↑ "Archived copy" (PDF). Archived from the original (PDF) on June 6, 2014. Retrieved March 12, 2016.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ↑ "Archived copy" (PDF). Archived from the original (PDF) on December 24, 2010. Retrieved March 12, 2016.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ↑ "GSIS bankrupt na". Philstar.com.
  7. ↑ "PGMA, Garcia Accountable for GSIS Bankruptcy". July 27, 2008.
  8. ↑ "THOROUGH AND TRUE Public audit of GSIS funds - ZamboTimes". www.zambotimes.com. Archived from the original on March 13, 2016.
  9. ↑ "Bizlinks...Philippine Business, Issues and Links, as published in Philippine Star". Archived from the original on March 12, 2016. Retrieved March 12, 2016.
  10. ↑ "Winston's dream for Cebu". SunStar. August 26, 2015.
  11. ↑ "GSIS - Government Service Insurance System". Archived from the original on July 10, 2016. Retrieved March 12, 2016.
  12. ↑ "Manilamaildc.net".
  13. ↑ Lardizabal-Dado, Noemi (August 6, 2011). "Our Motherland depicted in the "Parisian Life" by Juan Luna » Touched by An Angel". Touched by An Angel.
  14. ↑ Controversial works by Filipino artists, spot.ph. Accessed June 21, 2023.
  15. ↑ "Juan Luna's unfaithful wife | Manila Bulletin | Latest Breaking News | News Philippines". Manila Bulletin. Archived from the original on January 29, 2014.
  16. ↑ "P40M Luna Painting purchase: Winston glad COA gave okay". Philstar.com. Retrieved April 18, 2022.
  17. ↑ "GSIS valuable, historical paintings transferred to the National Museum". October 29, 2012.
  18. ↑ "10 Things to Know about the Parisian Life - ESCooped.com". Archived from the original on March 12, 2016. Retrieved March 12, 2016.
  19. ↑ "GSIS - Government Service Insurance System". Archived from the original on March 12, 2016. Retrieved March 12, 2016.
  20. ↑ "WATCH: Lito Osmeña on CEBOOM and Winston Garcia - One Cebu". Archived from the original on March 11, 2016. Retrieved March 12, 2016.
  21. ↑ "dotPH domains available portal". winstongarcia.ph. Retrieved October 8, 2023.
  22. ↑ "One Cebu Party fields Winston and Nerissa". The Philippine STAR.
  23. ↑ "Former GSIS chief Garcia files COC for Cebu governor". October 15, 2015.
  24. ↑ "Winston to run for Cebu governor". The Philippine STAR.
  25. ↑ "In Cebu, it's Davide vs Garcia for governor | ABS-CBN News". rp1.abs-cbnnews.com. Archived from the original on March 11, 2016.
  26. ↑ "UNA, One Cebu sign unity pact". The Manila Times. February 16, 2016.
  27. ↑ "One Cebu backs Binay". SunStar. February 2, 2016.
  28. ↑ "Winston, One Cebu back Binay". The Philippine STAR.
  29. ↑ "Cebu governor refuses to debate with rival | ABS-CBN News". Archived from the original on February 28, 2016. Retrieved March 10, 2016.
  30. ↑ "Davide: No plans to debate Winston". The Philippine STAR.
  31. ↑ "Debate way kapuslanan: Davide". SunStar. February 27, 2016.
  32. ↑ "dotPH domains available portal". winstongarcia.ph. Retrieved October 8, 2023.
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