Faculty - Federico M. Macaranas, PhD


Federico M. Macaranas, PhD
Washington SyCip Graduate School of Business, AIM
Core Faculty



Federico M. Macaranas, PhD, has a career spanning the fields of academe, business, and government.
In the private sector, he was president of Clemente Holdings (Asia) Ltd. and served as senior adviser on direct investments and mutual funds and economic adviser to the First Philippine Fund (New York).
In government, he assumed several positions in the Department of Foreign Affairs, first as assistant secretary for foreign affairs during the Aquino administration. There, he helped formulate and implement the development diplomacy thrust of the government. Under the Ramos administration, he became undersecretary for economic affairs and served as chairman of the 1996 Senior Officials Meetings of the Asia-Pacific Economic Cooperation (APEC), taking charge of the overall assistance to the Ministerial Meetings and the Subic Summit. In 2001, President Arroyo conferred on him the Gawas Mabini, Dakilang Kamanong Award, the highest award given by the Philippine government for diplomatic service.
At a young age, he started his career as an academician, initially appointed assistant professor and eventually became chairman of the economics and finance department of Manhattan College where he was conferred the first Board of Trustees Award for Excellence as a Teacher/Scholar. He initiated the introduction of a finance major that resulted in the doubling of the enrollment and faculty of the department. He also served as research institute director of the School of Business and worked closely with the faculty of the Peace Studies Program. At the Asian Institute of Management (AIM), he was formerly the dean of the Center for Development Management, and currently a full professor at the Institute. He also headed the AIM Policy Center, the Institute’s think-tank, as its executive director. A true leader, he was chairman of the Center for Servant Leadership, Philippine Chapter of the Greenleaf Center for Servant Leadership.
With his credentials and countless achievements, Dr. Macaranas remains to be one of the most sought-after international lecturers and speakers on globalization, economics and leadership.
Prof. Macaranas earned his Bachelor of Arts in Economics (Cum Laude) from the University of the Philippines (1967) where he was conferred the Carlos P. Romulo Pin for Academic Excellence. He holds a Master of Science in Economics (1970) and a Doctor of Philosophy in Economics (1975) from Purdue University under scholarship and fellowship grants from the Fulbright-Hays, Ford, Rockefeller, Krannert, and Asia Foundations. He conducted his post-doctoral research on the impact of authoritarian regimes on economic performance at Harvard University and is the first Filipino invited by Nobel laureates to a Pugwash Conference on Science and World Affairs (1969).