Former United Coconut Planters Bank president and chief executive Jose Querubin took his oath as a member of the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP).
Querubin’s appointment completes the seven-member Monetary Board.
BSP Governor Eli Remolona Jr. administered the oath-taking of Querubin at the BSP head office on Sept. 5, 2024. He will serve until July 2, 2026.
Former MB members Anita Linda Aquino and V. Bruce Tolentino tendered their resignation in June amid the ghost employee scandal. Their terms were supposed to end in July 2026.
Before joining the BSP’s highest policy-making body, Querubin served as UCPB president and CEO (2003-2007); ASEAN Finance Corp. (now AFC Merchant Bank, a Singapore-based investment bank) board member (2005-2007); Bank of America senior vice president and Asia regional sales director (2000-2003) and country manager-managing director for the Philippines (1998 -2000); and Solid Bank Corp. executive vice president (1993-1998).
He also served as Megalink president and CEO (2005-2007) and as Bankers Association of the Philippines secretary (2006-2007).
Querubin holds an MBA from the Wharton Business School, University of Pennsylvania and bachelor’s degrees in Mathematics (cum laude) and mechanical engineering from De La Salle University.
The MB is chaired by the BSP Governor, with five full-time members from the private sector and one member from the Cabinet.
Other members of the Monetary Board are Governor and Chairman Remolona, Finance Secretary Ralph Recto, Benjamin Diokno, Romeo Bernardo, Rosalia De Leon and Walter Wassmer.
The MB exercises the powers and functions of the BSP, such as the conduct of monetary policy and supervision of the financial system.
