Palace appoints 2 new Monetary Board members
President Duterte has named V. Bruce Tolentino and Anita Linda Aquino as full-time private sector representatives to the seven-member Monetary Board, the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP).
Tolentino—who first joined the board on June 18, 2018—will have a fresh term of six years after serving the unexpired balance of the term of Valentin Araneta, who passed away in February 2018.
Before his appointment to the Monetary Board, Tolentino worked as deputy director general of the International Rice Research Institute. He was also chief economist and country representative at The Asia Foundation, senior technical adviser at the Agriculture and Natural Resources of the Catholic Relief Services, and senior economic policy adviser at the Asian Development Bank.
Incoming Monetary Board member Aquino, meanwhile, was a member of the board of directors of Philippine Deposit Insurance Corp., (PDIC) representing the private sector.
Most recently, she also represented PDIC as board adviser to the United Coconut Planters Bank.
Moreover, Aquino served as Department of Finance chief of staff and held key positions at Standard Chartered Bank Manila, Rizal Commercial Banking Corp., Citicorp
Investment Bank in Singapore and Citibank NA Manila.
“The BSP welcomes their appointment and looks forward to their contribution in the fulfillment of the [its] mandates,” the central bank said in a statement on Tuesday. —DAXIM L. LUCAS INQ
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