| Lilia C. Clemente New York, New York Chairman of the Board and Chief Executive Officer CLEMENTE CAPITAL, INC. |
Forbes Magazine, Fortune Magazine, Money Magazine, The Wall
Street Journal, The Philadelphia Inquirer, The Asian Wall Street
Journal, Washington Post, New York Times, Los Angeles Times
and the New York all grace the face of Lilia Calderon Clemente, a
super outstanding Filipina entrepreneur, is the Chairman of the
Board of Clemente Capital. It is currently managing more than
$750 million in assets and overseeing more than $6 billion non-
discretionar authority in Japan.
From the time she founded Clemente Capital, Inc. in 1976, she
has been tagged by the major financial media as an adviser to
the affluent. In Fortune Magazine’s issue after the dismal event of
the October 1987 stock marke debacle, in a two-full page article
“What Advisers to the Rich Advise,” a portrait of Lilia occupies more
than a fourth of a page. Her advises to the rich and the famous
people are respected and admired both by her peers and clients .
Her keen foresight and wisdom on how to invest and manage
sizable fortune are adhered to and are constantly sought. The
corporate headquarters of Clemente Capital, Inc. is located on
Third Avenue, midtown Manhattan where her management team
occupies the entire 33rd floor. Her private office is conservatively
decorated with priceless pieces of art collection. Three framed
Street Journal, The Philadelphia Inquirer, The Asian Wall Street
Journal, Washington Post, New York Times, Los Angeles Times
and the New York all grace the face of Lilia Calderon Clemente, a
super outstanding Filipina entrepreneur, is the Chairman of the
Board of Clemente Capital. It is currently managing more than
$750 million in assets and overseeing more than $6 billion non-
discretionar authority in Japan.
From the time she founded Clemente Capital, Inc. in 1976, she
has been tagged by the major financial media as an adviser to
the affluent. In Fortune Magazine’s issue after the dismal event of
the October 1987 stock marke debacle, in a two-full page article
“What Advisers to the Rich Advise,” a portrait of Lilia occupies more
than a fourth of a page. Her advises to the rich and the famous
people are respected and admired both by her peers and clients .
Her keen foresight and wisdom on how to invest and manage
sizable fortune are adhered to and are constantly sought. The
corporate headquarters of Clemente Capital, Inc. is located on
Third Avenue, midtown Manhattan where her management team
occupies the entire 33rd floor. Her private office is conservatively
decorated with priceless pieces of art collection. Three framed
items, two poems and a photograph, tell one what make Lilia C. Clemente ticks. One is Robert Frost’s poem:
“Two roads diverged in a wood, and I / I took the one less traveled by. And that has made all the difference.”
The other given to her by Ron Little, a former employee, aptly describes Lilia’s indefatigable drive in life: “Once
in a while we meet someone who stands out from the rest of the flock.... Someone who flies higher and faster
and farther than ever thought possible and helps us to do the same.... Someone like you.”
“These two objects are my favorite. They’re my inspirations and guiding beams,” explained Lilia who is truly a
dime among nickels; a David among the Goliaths in the highly competitive global investment management
field reserved only for the high, the mighty, the moneyed and the “beautiful” people. Fierce competition is
waged daily among the industry’s elite group possessing accolades and academic credentials galore- where
M.A.s and Ph.D.s are dime a dozen. She is a pure-blooded Filipina in her late forties who is less than five feet
but stands taller among the bests of the bests. Her father, Jose D. Calderon, originally from Candon, Ilocos
Sur was a lawyer by profession. Her mother, the former Belen D. Fabros of Manila, was the former Governor of
Nueva Vizcaya and the first woman to own a seat on the Manila Stock Exchange.
The eldest of seven children, Lilia came to the United States immediately after graduating from U. P. to take
up graduate studies. She completed her Master of Arts in Economics majoring in agricultural economics and
international trade at the University of Chicago in 1962 and started her ascent in the investment management
field in 1967 when she worked for two years with CNA Financial Corporation.
Her biggest break was when she joined The Ford Foundation in New York as the Foundation’s first woman
and youngest officer in its history. She helped internationalized Ford’s portfolio and in the process, trained
dozens of Japanese interns who were prominent and important people in various industries in Japan and
who are currently in the helms of that country’s super economic structures. “I tell them, ‘Hey, remember
Sensei (teacher).” Her reservoir of global connections were established when she served as Assistant
Treasurer of the Foundation assisting in the multi-million dollars cash flow management and working closely
with appropriate government agencies in the world.
Lilia is the publisher of the Clemente Asian/Pacific Report and also the President and Director of the First
Philippine Fund as well as the Board Chairman of Clemente Global Growth Fund, Inc., a closed end fund
listed in the New York Stock Exchange.
The third framed item at her private office is an informal photograph captioned - “A historic moment and a
historical memento.” The snapshot was taken by the now-Philippine Senator Ernesto Maceda immediately
after a church mass at Boston, Mass. in August 13, 1983, the morning before the Philippine martyr, Benigno
“Ninoy” Aquino, left America for Manila and met his fatal destiny at the hands of assassins at Manila
International Airport. In the photo walking towards their cars with Ninoy were Lilia’s parents, Mr. and Mrs. Jose
D. Calderon; now-Philippine Senator Heherson “Sonny” Alvarez, Dr. F. Bague, a friend of Ninoy, and Kiyoshi
Wakamiya, the Japanese journalist who accompanied Ninoy all the way to the Philippines. This treasured
memento reflects Lilia enduring love for her country of origin, the Philippines.
To put it mildly, Lilia’s world is composed of: The Go-Go 1960’s, The Problematic 1970’s, The Boom Bust of
1980’s and Today; and finally, The Global View: Investment Issues for the 1990’s. For almost three decades,
she intelligently identifies broad economic, political and social trends in each of the more than eighteen
countries she monitors. She constantly travels outside the United States meeting with government officials,
financial experts and company heads.
“Two roads diverged in a wood, and I / I took the one less traveled by. And that has made all the difference.”
The other given to her by Ron Little, a former employee, aptly describes Lilia’s indefatigable drive in life: “Once
in a while we meet someone who stands out from the rest of the flock.... Someone who flies higher and faster
and farther than ever thought possible and helps us to do the same.... Someone like you.”
“These two objects are my favorite. They’re my inspirations and guiding beams,” explained Lilia who is truly a
dime among nickels; a David among the Goliaths in the highly competitive global investment management
field reserved only for the high, the mighty, the moneyed and the “beautiful” people. Fierce competition is
waged daily among the industry’s elite group possessing accolades and academic credentials galore- where
M.A.s and Ph.D.s are dime a dozen. She is a pure-blooded Filipina in her late forties who is less than five feet
but stands taller among the bests of the bests. Her father, Jose D. Calderon, originally from Candon, Ilocos
Sur was a lawyer by profession. Her mother, the former Belen D. Fabros of Manila, was the former Governor of
Nueva Vizcaya and the first woman to own a seat on the Manila Stock Exchange.
The eldest of seven children, Lilia came to the United States immediately after graduating from U. P. to take
up graduate studies. She completed her Master of Arts in Economics majoring in agricultural economics and
international trade at the University of Chicago in 1962 and started her ascent in the investment management
field in 1967 when she worked for two years with CNA Financial Corporation.
Her biggest break was when she joined The Ford Foundation in New York as the Foundation’s first woman
and youngest officer in its history. She helped internationalized Ford’s portfolio and in the process, trained
dozens of Japanese interns who were prominent and important people in various industries in Japan and
who are currently in the helms of that country’s super economic structures. “I tell them, ‘Hey, remember
Sensei (teacher).” Her reservoir of global connections were established when she served as Assistant
Treasurer of the Foundation assisting in the multi-million dollars cash flow management and working closely
with appropriate government agencies in the world.
Lilia is the publisher of the Clemente Asian/Pacific Report and also the President and Director of the First
Philippine Fund as well as the Board Chairman of Clemente Global Growth Fund, Inc., a closed end fund
listed in the New York Stock Exchange.
The third framed item at her private office is an informal photograph captioned - “A historic moment and a
historical memento.” The snapshot was taken by the now-Philippine Senator Ernesto Maceda immediately
after a church mass at Boston, Mass. in August 13, 1983, the morning before the Philippine martyr, Benigno
“Ninoy” Aquino, left America for Manila and met his fatal destiny at the hands of assassins at Manila
International Airport. In the photo walking towards their cars with Ninoy were Lilia’s parents, Mr. and Mrs. Jose
D. Calderon; now-Philippine Senator Heherson “Sonny” Alvarez, Dr. F. Bague, a friend of Ninoy, and Kiyoshi
Wakamiya, the Japanese journalist who accompanied Ninoy all the way to the Philippines. This treasured
memento reflects Lilia enduring love for her country of origin, the Philippines.
To put it mildly, Lilia’s world is composed of: The Go-Go 1960’s, The Problematic 1970’s, The Boom Bust of
1980’s and Today; and finally, The Global View: Investment Issues for the 1990’s. For almost three decades,
she intelligently identifies broad economic, political and social trends in each of the more than eighteen
countries she monitors. She constantly travels outside the United States meeting with government officials,
financial experts and company heads.
Washington D.C. Since 1987
Washington D.C. Since 1987
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