Top banker giving serious thought on BSP’s top post

The strongest contender to become Bangko Sentral ng Pilipinas' governor is not taking the rumor seriously.

Top banker Antonio Moncupa Jr. said the assessment he will succeed Amando Tetangco Jr. more than 10 months from now is still a "rumor and hypothetical."

Moncupa is the president and chief executive officer of EastWest Bank, the 10th largest unibank in the Philippines in assets.

"This BSP thing is really in the realm of rumors. Will I accept the BSP governor post? I have not really thought about that. But hypothetically, if considered, I will surely give it serious thought.

The country may soon be in an inflection point in its economic development efforts that hopefully will uplift most Filipinos past the gravitational pull of poverty. It will be interesting to be part of that effort," Moncupa told the Daily Tribune message.

Based on his track record, the incoming governor can be considered a full blooded banker based on his stints at two other big banks - United Coconut Planters Bank and International Exchange Bank (now part of Union Bank of the Philippines).

Moncupa holds a degree from the De La Salle University and also studied at the University of Chicago.

However, the banker said he is not lobbying for the post. "I don't want people to have the wrong impression that (I) am lobbying. I don't want to antagonize people I don't even know who, who may be interested in the position," he added.

Earlier reports said Moncupa is strongly supported by Senate President Aquilino "Koko" Pimentel.

The next governor of the BSP will begin the six-year fixed term on July 3, 2017 until the same date in 2023. As BSP governor, the official will also occupy two sensitive posts - chairman of the Monetary Board and the Anti-Money Laundering Council.

Compared to other appointees to be made by the president, the governor of the BSP doesn't need to pass the Commission on Appointments.

Source: Daily Tribune