2021 Press Release
Minister Keleb Udui, Jr. to join APAFS Board of Governors
Aug 1, 2021 – Hon. Kaleb Udui, Jr., has joined the APAFS Board of Governors as one of three Board members from the Republic of Palau (“ROP”), representing the ROP Ministry of Finance where he serves as Minister of Finance.
Minister Udui will join Board members Patrick U. Tellei, EdD, President of the Palau Community College, and Vice Chairman of the APAFS Board of Governors; and, Senator Rukebai Kikuo Inabo, AIF®, representing the Senate Committee on Ways & Means and Financial Matters of the 11th Olbiil Era Kelulau, for which she serves as Chairwoman.
Mr. Kaleb Udui is the new Minister of Finance for the Republic of Palau having been sworn into office on February 8, 2021. His public service began as the Chief of the Division of Budget and Management in the early 1990’s. In the late 1990’s, he served as the Financial Advisor to the Ministry and Manager for a UNDP project that covered Personnel, Tax, and Planning reforms. In the 2000’s, Minister Udui worked in Banking and also served as the President of the National Development Bank of Palau. His private business activities have been in banking, energy consulting and in real estate. He has also served on various public and private Boards including Palau’s Banking Supervisory Board and the Palau Chamber of Commerce.
Mr. Udui has a Bachelor’s Degree in Finance and Economics from the University of Guam and a Masters of Business Administration from the University of Hawaii.
APAFS (www.apafs.org) is a Guam-based 501c3 association whose membership includes institutional investment funds throughout the Pacific Region. Its mission is to promote prudent stewardship through fiduciary education and to lead advocacy efforts on behalf of its membership.
Senator Rukebai Kikuo Inabo to join APAFS Board of Governors
August 1, 2021 – Senator Rukebai Kikuo Inabo, AIF®, has joined the APAFS Board of Governors as a Board members from the Republic of Palau (“ROP”), representing the Senate Committee on Ways & Means and Financial Matters of the 11th Olbiil Era Kelulau, for which she serves as Chairwoman.
Senator Inabo will join Board members Patrick U. Tellei, EdD, President of the Palau Community College, and Vice Chairman of the APAFS Board of Governors.
Senator Rukebai Kikuo Inabo is serving her third term as a Member of the Senate of the 11th Olbiil Era Kelulau, the Palau National Congress. During current term (2021 to 2024), she is the Chairperson of the Senate Committee on Ways & Means and Financial Matters. In 10th OEK she was the Chairperson of the Senate Committee on Public Utilities, Communications and Housing Development. During the 9th OEK she was the Chairman of the Senate Committee on Energy, Public Utilities and Infrastructure .
Before joining the campaign for the Senate, Senator Inabo was the Chief Executive Officer and General Manager of the Palau Public Utilities Corporation (PPUC). She also served as the Chief Financial Officer of the PPUC for over 10 years. She has other work experience as Vice-President of the Bank of Hawaii Koror Branch and Chief Financial Officer for Surangel & Sons Company. She has held other positions locally such as Audit Manager at the Palau Office of the Public Auditor.
She has served in other public positions as the Chairman of the Board of the National Development Bank for 6 years and has served as the Chairman of the Board of the Palau Public Utilities Corporation for 4 years.
Senator Rukebai Kikuo Inabo graduated from Palau Mission Academy. She attended Union College, Lincoln, Nebraska (USA) graduated with honors in 1980 with a Bachelor of Science degree in accounting. In 1983 she went back to University of Houston and graduated in 1987 with Bachelor of Business Administration BBA with Concentration on Finance and International Finance.
Dr. Wilfred Leon Guerrero Joins APAFS Board of Governors
20 February 2021 – Hagatna, Guam – The Asia Pacific Association for Fiduciary Studies (APAFS) is pleased to announce that Dr. Wilfred Leon Guerrero, Chairman of the Government of Guam Retirement Fund (GGRF) has joined the APAFS Board of Governors. He will assume the position of Board Chairman in completion of the term of Gerard Cruz, AIFA, who has left the
APAFS Board as his term on the GGRF Board ended. Mr. Cruz served as APAFS Chairman for 18 years.
Dr. Leon Guerrero has been a trustee with GGRF since 2004 and was elected Chairman of the Board in 2019. Prior to being elected board chairman, he served as Chairman of Investment Committee. His leadership was instrumental in the execution of the Board’s investment strategy which included the broader diversification of asset classes. At the end of 2020 the market value had grown to approximately $2 billion, doubling the portfolio size from $1 billion dollars when he began.
Dr. Leon Guerrero is President Emeritus of the University of Guam. While at the University, he served as a Professor, then Dean of the College from 1972 to 1988. Dr. Leon Guerrero served as UOG President until from 1988 through 1992. Dr. Leon Guerrero also serves as the Chairman of the UOG Endowment Foundation. He is the founding Commissioner of the President’s Advisory Commission of Asian American and Pacific Islanders. He received his BA from the University of Guam and MA and Ed.D. from the University of Northern Colorado.
Dr. Leon Guerrero joins a distinguished group of 16 fiduciaries of institutional funds from throughout the Asia Pacific region on the APAFS Board, to include Dr. Patrick Tellei, President of Palau Community College, APAFS Board Vice Chairman; Anna Mendiola, AIF®, President, FSM Development Bank, APAFS Board Secretary; and, Raaj Kurapati, AIFA®, CFO, University of Memphis, APAFS Board Treasurer.