Maria Elena B. Herrera, FASP, PhD
Adjunct Faculty, Retired Professor
EXPERTISE
Strategy, Finance, Organization Development
RESEARCH INTERESTS
Leadership, strategy, risk management, corporate responsibility, innovation, family corporations and health policy, innovations in global value chains; corporate social innovation; youth leaders for social change; health finance and policy; and the governance of conglomerates and family corporations
Maria Elena B. Herrera, FASP, PhD
Adjunct Faculty, Retired Professor
ACADEMIC BACKGROUND
- Doctor of Philosophy in Organization Development, Southeast Asia Interdisciplinary Development Institute (Philippines)
- Master’s Degree in Mathematics, Major in Actuarial Mathematics, University of Michigan (USA)
- Bachelor’s Degree in Mathematics (Cum Laude), University of the Philippines (Diliman)
PROFESSIONAL AND ACADEMIC EXPERIENCE
PAST EXPERIENCE:
- Chief Financial Officer of AIM and Treasurer of the AIM Scientific Research Fund, AIM’s endowment arm
- Research Director of the AIM RVR Center for Corporate Social Responsibility
- Chief Financial Officer and Actuary of the Manufacturer’s Life Insurance Company’s Philippine office
- Practice Leader of the health care, group and risk management practices of The Wyatt Company (Philippines) – now Watson Wyatt
- Senior Manager in charge of the actuarial department and group insurance services at Lincoln Philippine Life Insurance Company, a subsidiary of the Jardine group of companies
- Has held general management posts in other industries including insurance broking, actuarial consulting, computer software, personal care manufacturing and marketing
- Has been in the global advisory council of Abelica Global, a global network of actuarial consulting firms
OTHER POSITIONS HELD
- Associate Professor, Asian Institute of Management
- Chief Finance Officer, Asian Institute of Management (1998-2000)
- Columnist, The Standard (2005-present)
- Director, Solutions Incorporated (1994-present)
- Managing Director, Solutions Insurance Brokers, Inc. (1994-2015)
- Director, Solutions Insurance Brokers, Inc. (1994-present)
- President and General Manager, East Asia Plans, Inc. (1997-1999)
- President and General Manager, LTS Philippines Corporation (1998-1999)
- Vice President, Chief Financial Officer, and Actuary, The Manufacturer’s Life Insurance Company (Manulife, Phils.) (1993-1995)
- Consulting Actuary, The Wyatt Company, Phils. (Now Watson Wyatt) (1989-1993)
- Assistant Actuary, Lincoln Philippine Life Insurance Corporation (now part of Manulife) (1982-1989)
AFFILIATIONS
- Fellow of the Actuarial Society of the Philippines and has served in various capacities, including as Treasurer and as President, in its Board of Governors
- Member of the Philippine Academy of Management and the International Actuarial Association
- Mentor, Southeast Asia Interdisciplinary Development Institute:
2009 – current
Independent Consultant
Strategy, policy and finance
PUBLICATIONS
- Barroco, J., & Herrera, M. (2019). Clearing barriers to project finance for renewable energy in developing countries: A Philippines case study. Energy Policy, 135, 111008. doi:10.1016/j.enpol.2019.111008