Top banker named as Monetary Board member

President Ferdinand Marcos Jr. has appointed top banker Walter Wassmer to join the Bangko Sentral ng Pilipinas (BSP) Monetary Board.

This was announced by the Presidential Communications Office in a Facebook post on July 12, 2024.

Wassmer served as a Consultant and Non-Executive Director of BDO Unibank, Inc. from 2022 to the present. 

He was also the Senior EVP and Institutional Banking Group Head at the same bank from 1997 to 2022.

His previous roles include Senior Vice President at Far East Bank and Trust Co. from 1986 to 1997, Assistant Vice President at Union Bank of the Philippines from 1983 to 1986, and Corporate Account Officer at Bancom Finance Corporation from 1980 to 1982.

The Monetary Board exercises the powers and functions of the BSP, such as monetary policy implementation and financial system supervision.IMT