BANKER Walter Wassmer has been tapped to fill one of the two empty Monetary Board seats by President Ferdinand Marcos Jr.
Marcos on Thursday officially appointed Wassmer, who will take office after the resignations of Bruce Tolentino and Anita Linda Aquino were accepted last month in the wake of a ghost employee scandal that had soiled the board’s image.
Wassmer joins central bank Governor Eli Remolona Jr., Finance Secretary Ralph Recto as the Cabinet representative, former finance chief Benjamin Diokno, former national treasurer Rosalia de Leon and former finance undersecretary Romeo Bernardo as members of the policymaking body.
He has held a number of positions in the banking industry, most recently as consultant and nonexecutive director of BDO Unibank Inc., from 2022 to the present.
Prior to this, he was also the senior executive vice president and head of institutional banking at BDO from 1997 to 2022.
Wassmer’s earlier roles include serving as 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 Corp. from 1980 to 1982.
He was not immediately available for comment.
Be the first to comment