Duterte names DOF chief of staff to Monetary Board; incumbent member gets fresh 6-year term

President Rodrigo Duterte has appointed two members of the Bangko Sentral ng Pilipinas’ (BSP) seven-member policy-making Monetary Board, representing the private sector.

The BSP said Tuesday Duterte named Anita Linda Aquino as a new member of the Monetary Board.

Aquino served as chief of staff of the Department of Finance and held key positions at Standard Chartered Bank Manila, Rizal Commercial Banking Corporation, Citicorp Investment Bank in Singapore, and Citibank NA Manila.

She was also a member of the board of directors of the Philippine Deposit Insurance Corporation (PDIC), representing the private sector. 

Most recently, she also represented PDIC as board adviser to the United Coconut Planters Bank.

Aquino is replacing Monetary Board member Juan de Zuñiga, Jr., who finished his term on July 2.

Meanwhile, Monetary Board member V. Bruce Tolentino has been reappointed for a fresh six-year term.

Tolentino first joined the policy-making body on June 18, 2018. He served the unexpired balance of the term of Valentin Araneta, who passed away on February 21, 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.

The BSP said it welcomes the appointment of Tolentino and Aquino and looks forward to their contribution in the fulfillment of the central bank mandates.

The Monetary Board is chaired by BSP Governor Benjamin Diokno.

Its members also include Finance Secretary Carlos Dominguez III, Felipe Medalla, Peter Favila, and Antonio Abacan, Jr.—AOL, GMA News