At last, Paterno for President

JPMorgan banker, Simon Paterno will become President of the Development Bank of the Philippines at the end of the month.

Once referred to as the 'Golden boy of the Philippine capital markets', and considered the main plank in JPMorgan's dominance in the Republic, Simon Paterno is to leave investment banking and run a development bank.

What can I say quips Paterno. I'm finally doing national service.

Paterno has covered the Philippines for 12 years for JPMorgan and says his career has been about making big companies bigger and wealthy people wealthier. Now he is entering a role that touches more on the common man, will take him to dark corners of the Philippines and allow him to give a little back.

The Development Bank of the Philippines - of which he...

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