PRESIDENT Ferdinand R. Marcos, Jr. has appointed banker Walter C. Wassmer to the Bangko Sentral ng Pilipinas’ (BSP) rate-setting body, according to a Palace statement.
Prior to his appointment, Mr. Wassmer was a consultant and nonexecutive director of Sy-led BDO Unibank, Inc., the country’s largest bank in terms of assets.
The announcement comes weeks after the resignation of two Monetary Board (MB) members who were embroiled in a scandal involving “ghost employees.”
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