Marcos appoints Wassmer to BSP Monetary Board
President Ferdinand Marcos Jr. has appointed veteran banker Walter Wassmer to the Bangko Sentral ng Pilipinas (BSP) Monetary Board, replacing Bruce Tolentino who resigned on June 30.
Wassmer, a former senior executive vice president of BDO and childhood friend of President Marcos, brings extensive experience in banking roles including his time at Far East Bank & Trust Co., UnionBank of the Philippines, Bancom Finance Corp., and IFC Leasing and Acceptance Corp.
The BSP Monetary Board is responsible for conducting monetary policy and supervising the financial system with Governor Eli Remolona Jr. serving as chair.
Wassmer's appointment was officially announced by the Palace on Thursday and he will serve until July 2026, completing Tolentino’s unexpired term.
The Monetary Board currently includes Finance Secretary Ralph Recto, former BSP Governor Benjamin Diokno, Romeo Bernardo, Rosalia De Leon, and Governor Eli Remolona Jr., leaving one seat vacant.
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