Aquino, Tolentino named Monetary Board members

President duterte appointed two monetary board members on tuesday, the Bangko sentral ng Pilipinas (BSP) announced.

duterte has named Anita Linda r. Aquino and V. Bruce J. tolentino as fulltime private sector representatives to the 7-member Monetary Board (MB), the highest policy making-body of the BSP.

the powers and function of Bangko sentral are exercised by its Monetary Board, whose members are appointed by the President of the Philippines. Under the new Central Bank Act, one of the government sector members of the Monetary Board must also be a member of the Cabinet designated by the President.

the governor acts as the chairman of the board.

Aquino served as department of Finance (DOF) 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.

she was also a member of the Board of directors of the Philippine deposit insurance Corp. (Pdic) representing the private sector. Most recently, she also represented the Pdic as board adviser to the United Coconut Planters Bank.

Meanwhile, tolentino, who first joined the MB on June 18, 2018, will have a fresh term of six years after serving the unexpired balance of the term of Valentin A. Araneta who passed away on February 21, 2018.

Before his appointment to the MB, 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.