President Ferdinand R. Marcos Jr. has reappointed Walter C. Wassmer and Jose L. Querubin as members of the Bangko Sentral ng Pilipinas (BSP) Monetary Board, the central bank’s highest policy-making body.
Both officials will serve fresh terms running through July 2032. They first joined the board in 2024 — Wassmer in July and Querubin in September.
BSP Governor and Monetary Board chairman Eli M. Remolona Jr. welcomed the reappointments, noting their strong contributions since taking office. “Their expertise in financial markets, commercial banking, and risk management perfectly complements the board’s existing strengths in economics, public service, and business,” Remolona said.
Wassmer brings decades of banking experience, most recently as senior executive vice president and head of institutional banking at BDO Unibank until his retirement in 2022. He also previously held key roles at Far East Bank & Trust Co., UnionBank, Bancom Finance Corp., and IFC Leasing and Acceptance Corp.
Querubin is the former president and CEO of United Coconut Planters Bank, serving from 2003 to 2007. His career also includes senior positions at Bank of America, Solid Bank, and Citibank, as well as leadership posts at Megalink and the Bankers Association of the Philippines.
