Ex-BSP exec Armando Suratos gets seat in Monetary Board

MANILA, Philippines—President Aquino has appointed long-time career central bank executive Armando Suratos to the Monetary Board, Presidential Spokesman Edwin Lacierda announced on Tuesday.

Aquino appointed Suratos on September 9. He replaces Juanita Amatong, whose term expired on July 3, and will stay on until July 3, 2017.

Suratos was Bangko Sentral ng Pilipinas deputy governor until December 2010, when he retired after serving in the central bank for 40 years.

Suratos earned his degree in law from Ateneo de Manila University and his business administration degree from the University of the Philippines. He also placed eighth in the 1971 bar examinations.

The new member of the monetary board also attended Georgetown University in Washington in 1975.

He was a technical assistant with the Supreme Court before he joined the central bank.