Wassmer, Querubin reappointed as Monetary Board members

President Ferdinand “Bongbong” Marcos Jr. has reappointed Walter Wassmer and Jose Querubin as members of the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board, with their terms set to last until July 2032, the central bank announced.

Wassmer—previously a senior executive vice president and Institutional Banking Group head at BDO Unibank Inc. until his retirement from the company in 2022—was initially appointed in July 2024.

Querubin—president and chief executive officer (CEO) of the United Coconut Planters Bank from 2003 to 2007—was appointed to the Monetary Board in September 2024.

The two were appointed to complete the unexpired terms of former Monetary Board members V. Bruce Tolentino and Anita Linda Aquino, who were implicated in the “ghost employees” controversy and resigned in 2024.

“Since joining the Monetary Board in 2024, both Mr. Wassmer and Mr. Querubin have made invaluable contributions to the Board’s deliberations and decision-making,” BSP governor Eli Remolona Jr. said in an emailed statement.

“Their expertise in financial markets, commercial banking, and risk management complements the Board’s strength in economics, public services, and business,” he added. —VAL, GMA News