Ephyro Luis B. Amatong

Ephyro Luis B. Amatong is a corporate and securities lawyer, sustainable finance advocate, and former regulator.

From May 2014 to March 2022, Mr. Amatong was Supervising Commissioner of the Markets and Securities Regulation Department and the Economic Research and Training Department of the Philippine Securities and Exchange Commission (SEC). He was also the Philippine SEC’s representative to the ASEAN Capital Markets Forum (ACMF), the high-level grouping of capital market regulators of the Association of Southeast Asian Nations (ASEAN).

As Co-Chair of the ACMF Sustainable Finance Working Group, Mr. Amatong played a key role in the development of the ASEAN Green, Social and Sustainability Bond Standards introduced in 2017 and 2018. Mr. Amatong also participated in the development of the Roadmap for ASEAN Sustainable Capital Markets (2020); and was part of the ASEAN Sustainable Finance Taxonomy project, which resulted in the creation of the ASEAN Taxonomy Board and the issuance of Version 1 of the ASEAN Taxonomy for Sustainable Finance in 2021.

As Supervising Commissioner of the Markets and Securities Regulation Department, he led the finalization of 2015 Implementing Rules and Regulations (IRR) of the Securities Regulation Code (SRC), the development of the SEC’s Sustainability Reporting Guidelines for Publicly Listed Companies, the revision of the Implementing Rules and Regulations (IRR) for Real Estate Investment Trusts (REITs) and the development of the SEC’s Crowdfunding Rules to improve access to financing for SMEs.

Before joining the SEC, Mr. Amatong was an Assistant Secretary of the Department of Finance (DOF) where he had an active role in privatization projects, including the privatization of 74 hectares of the Food Terminal, Inc. (PhP24 billion). He was involved in Public-Private Partnership (PPP) projects such as the construction of 9,300 classrooms under the PPP for School Infrastructure Project Phase I (US$397 million), the NAIA Expressway Project (US$345 million), and the Automated Fare Collection System of the Department of Transportation and Communication (US$38 million).

He also previously served in various capacities in the government, namely as Vice President of the Philippine Deposit Insurance Corporation (2012-2013), Corporate Staff Officer of the National Power Corporation (2010-2012), Acting Chairman of the Local Water Utilities Administration (2011), Corporate Legal Counsel and Assistant Corporate Secretary of PNOC Exploration Corporation (2008-2010), Adviser to Amb. Hilario G. Davide, Jr. of the Permanent Mission of the Philippines to the United Nations (2007-2008), and Senior Law Clerk to then Justice Conchita Carpio Morales of the Supreme Court of the Philippines (2003-2005).

Currently, he is a consultant for the World Bank Group, particularly the Sustainable Banking and Finance Network (SBFN). He is also Advisor to the Chair of the ACMF, and a consultant for the Government Securities Roadmap project of the Bureau of Treasury (BTr). He is also a Professorial Lecturer with the LL.M. Program of the University of the Philippines College of Law; a Trustee of the Andres Bonifacio College; an Independent Director of Asia Link Finance Corp., Global Dominion Finance Corp., South Asialink Finance Corp. and Citicore Renewable Energy Corp.; and an Advisor to the Board of Alternergy Holdings Corp.

Mr. Amatong was admitted to the Philippine Bar in 2002 and the New York Bar in 2007.


LL.M. (International Finance concentration), Harvard Law School, 2006

Ayala and Lopez Scholar

Bachelor of Laws, University of the Philippines, 2001

Bachelor of Science Major in Business Economics (cum Laude), University of the Philippines, 1993

Areas of Expertise

Corporate Services and Finance
Energy and Natural Resources