Philip Dongsoo Hong is the Senior Financial Officer and an engagement manager of Reserve Advisory and Management Partnership (RAMP) at the World Bank Treasury. He is responsible for the coordination and development of technical assistance for RAMP members and partners.
Prior to joining the World Bank, Philip worked at Bank of Korea (BOK) in various positions for more than twenty-five years - mostly in reserve management, financial stability, and research. He was Deputy Director-General and Head of Investment Strategy Team in Reserve Management Group from 2014-2015, responsible for the tactical asset allocation and active management of the BOK's foreign reserves. From 2011 to 2013, he served as Head of Global Agenda Team coordinating G20 meetings and working groups such as Capital Flow Management and Global Liquidity. He also served as Head of Strategic Planning Team responsible for bank-wide strategic priorities and operational risk management. Prior to that, he was an Investment Officer at BOK’s New York Office, managing USD portfolios comprising Treasuries, Agencies, Corporates, MBS and ABS during the global financial crisis from 2007 to 2010.
Outside the Bank of Korea, in 2002, he worked for Secretariat of the Basel Committee on Banking Supervision as a visiting research fellow, leading a survey on risk management for non-G10 countries regarding Basel II. From 2006 to 2007, he served as a senior advisor to the Senior Secretary to the President for economic affairs, coordinating inter-departmental issues in Korea.
Philip earned a Ph.D. in Economics from Dongguk University in Seoul and MA in Economics from University of Michigan. He also earned his MBA and BA in Business Administration from Korea University in Seoul. Philip is a CFA charter holder.