President Rodrigo Duterte appointed Bruce Tolentino and Anita Linda Aquino as full-time private sector representatives to the seven-member Monetary Board, the policy-making-body of the Bangko Sentral ng Pilipinas.
Tolentino, who first joined the board on June 18, 2018, will have a fresh term of six years after serving the unexpired balance of the term of the late Valentin Araneta, who passed away on Feb. 21, 2018.
Before his appointment to the board, Tolentino worked as deputy director-general of the International Rice Research Institute. He was also the 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.
Meanwhile, Aquino was a member of the board of directors of state-run Philippine Deposit Insurance Corp. representing the private sector. Most recently, she also represented PDIC as board adviser to the United Coconut Planters Bank.
Aquino also served as Department of Finance 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. Aquino succeeded former MB member Juan de Zuniga.
“The BSP welcomes their appointment and looks forward to their contribution in the fulfillment of the BSP mandates,” the BSP said in a statement Tuesday.
Other members of the Monetary Board are BSP Governor Benjamin Diokno as chairman, Finance Secretary Carlos Dominguez, Felipe Medalla, Peter Favila and Antonio Abacan.