Manila Bulletin

PDIC board ap­points new mem­ber

- Business · Finance · Banking · Anita Linda · Bangko Sentral ng Pilipinas · Manila · New York City · Singapore · Rizal · Philippines · Standard Chartered Group · Chartered Bank of India, Australia and China · Philippine Deposit Insurance Corporation · Philippines Department of Finance · First National City Bank of New York · Rizal Commercial Banking Corporation

The Philip­pine De­posit In­sur­ance Cor­po­ra­tion (PDIC) ap­pointed banker Anita Linda Aquino as the new mem­ber of its Board of Di­rec­tors.

Un­der Repub­lic Act No. 10846 — the amended PDIC Char­ter that took ef­fect on June 11, 2016 — PDIC's Board com­po­si­tion must in­crease from five to seven, with the ad­di­tion of two more di­rec­tors from the pri­vate sec­tor.

PDIC is headed by the Sec­re­tary of the Depart­ment of Fi­nance (DOF) as ex-of­fi­cio Chair­man, while the Bangko Sen­tral ng Pilip­inas (BSP) Gov­er­nor is ex-of­fi­cio Board mem­ber. PDIC Pres­i­dent serves as Board Vice Chair­man.

In sim­ple cer­e­monies at the PDIC head­quar­ters, Aquino took her oath of of­fice be­fore Fi­nance Sec­re­tary and PDIC Chair­man Car­los G. Dominguez III on Fe­bru­ary 7, 2017.

Prior to join­ing PDIC, Aquino held posts in var­i­ous banks in Manila, New York and Sin­ga­pore in the area of Trea­sury/Fi­nan­cial Mar­kets.

She was Head of Fi­nan­cial Mar­kets Sales at Citibank, a Se­nior Vice Pres­i­dent and Head of Global Dis­tri­bu­tion and Ad­vi­sory Divi­sion at Rizal Com­mer­cial Bank­ing Cor­po­ra­tion (RCBC) and an Ex­ec­u­tive Di­rec­tor, Head of Fi­nan­cial Mar­kets Sales (Philip­pines) at Stan­dard Char­tered Bank.

PDIC was es­tab­lished in 1963 to pro­vide de­pos­i­tor pro­tec­tion and help main­tain sta­bil­ity in the fi­nan­cial sys­tem by pro­vid­ing de­posit in­sur­ance. (MBM)

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