GSIS chief named Asia’s Modern Hero for public service
Government Service Insurance System president and general manager Wick Veloso has been named Asia’s Modern Hero for his distinguished contribution to “Public Service and Financial Leadership.”
Manila, Philippines — Wick Veloso, the current President and General Manager of the Government Service Insurance System (GSIS), has been honored as Asia's Modern Hero for his outstanding contributions to public service and financial leadership. This prestigious award acknowledges Veloso's efforts in bolstering the state pension fund and enhancing programs and services aimed at aiding GSIS members and pensioners.
He received the recognition from the Golden Icons Foundation during the Asia's Modern Hero Awards held at Okada Manila on September 25.
The GSIS has been working diligently to strengthen its financial standing while translating its growing pension fund into tangible benefits for its members and pensioners. In the first half of the year, the GSIS reached a net income of P94.75 billion, a 27.8 percent increase from P74.2 billion in the same period last year. Gross income hit P195.38 billion, while total assets amounted to P2.05 trillion as of the end of June.
Veloso's leadership has been instrumental in implementing various initiatives that have positively impacted GSIS stakeholders. One such initiative is Balik Ginhawa, which has returned nearly P20 billion directly to over 700,000 members as of September 22. This has provided financial relief to government employees for essential expenses, education, medical needs, and other priorities.
Additionally, GSIS has expanded its financing programs to cater to the evolving needs of its members, particularly in the context of the national energy emergency. These programs include green loan facilities for solar energy and electric mobility, as well as other member-focused initiatives designed to make affordable financing more accessible through digital channels.
During his tenure, Veloso has also accelerated the GSIS's digital transformation. GSIS Touch has garnered more than two million registered users, offering members and pensioners round-the-clock access to essential services such as loan applications, claims processing, pension-related transactions, and the Annual Pensioners Information Revalidation.
Presently, 99.6 percent of GSIS services are digitized, drastically reducing the need for members to visit physical branches and endure long queues. Veloso's extensive experience in banking and financial markets, which he brought to GSIS in 2022 when he assumed his current role, has been a significant asset in guiding the organization's growth and success.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
