Amando Tetangco, Jr.

Amando M. Tetangco, Jr.
10th Governor of the Central Bank of the Philippines
Incumbent
Assumed office 4 July 2005
President	Gloria Macapagal Arroyo Benigno Aquino III Rodrigo Duterte
Preceded by	Rafael Buenaventura
Personal details
Born	Amando Maglalang Tetangco, Jr. November 14, 1952 Apalit, Pampanga, Philippines
Spouse(s)	Elvira Ma. Plana
Alma mater	Ateneo de Manila University University of Wisconsin
Profession	Banker

Amando Maglalang Tetangco, Jr. (born November 14, 1952) is the incumbent Governor of the Bangko Sentral ng Pilipinas (BSP).^[1] He is the first BSP governor to serve two terms,^[2] having been first appointed to the office by Philippine president Gloria Macapagal Arroyo in July 2005, and reappointed in 2011 by President Benigno Aquino III to serve another six-year term. On 22 November 2016 the Philippine finance secratary announced that President Rodrigo Duterte selected Amando Tetangco, Jr. to serve an unprecedented third term beyond July 2017, regardless of the legal impediment of up to two terms of office.^[3]

Early life and education

Born on November 14, 1952^[4] to Amando, Sr. and the former Teodora Maglalang, Tetangco finished elementary and high school at the Don Bosco Academy in Pampanga. He went on to pursue his AB Economics degree at the Ateneo de Manila University, where he graduated cum laude; he also took up graduate courses in business administration in the same institution. Later on, as a scholar of the then Central Bank of the Philippines, Tetangco completed his MA in Public Policy and Administration (concentration in Development Economics) at the University of Wisconsin in Madison, United States.

Tetangco is married to Elvira Ma. Plana, with whom he has three children: a son and two daughters. He is an avid shooter and golfer.

Career

Before joining the BSP in 1974, Tetangco was connected to the management services division of the accounting firm Sycip Gorres Velayo & Co.

A career central banker, he has occupied different positions in the organization in a span of over three decades. Immediately prior to his appointment as BSP Governor, he was Deputy Governor in-charge of the Banking Services Sector, Economic Research and Treasury.

As BSP Governor in 2005, Tetangco is concurrently the Chairman of the BSP Monetary Board, the Anti-Money Laundering Council, and Philippine International Convention Center; Vice-Chairman of the Agriculture Credit Policy Council; member of the Capital Market Development Council, Export Development Council, PhilExport Board of Trustees, Philippine Export-Import Credit Agency; and director of the Philippine Deposit Insurance Corporation, National Development Council, and National Home Mortgage Finance Corporation.

He also represents the country in various international and regional organizations, including the Executive Meeting of East Asia and Pacific Central Banks; ASEAN and ASEAN+3; South East Asia Central Banks; South East Asia, New Zealand and Australia; Center for Latin American Monetary Studies; and Asia-Pacific Economic Cooperation. He is the governor for the Philippines in the International Monetary Fund, and the Alternate Governor in the World Bank and in the Asian Development Bank.

Honors and awards

In January 2013, Tetangco has been named Central Banker of the Year for Asia-Pacific by The Banker.^[5]

Before this, he was honored in October 2012 by the financial magazine Emerging Markets as the Central Bank Governor of the Year for Asia.^[6]

In the same year, he was named as one of the world's six best central bankers for 2012 by the Global Finance magazine, an accolade that had been previously given to him in 2006, 2007 and 2011.^[7]

References

1. "Profile of the Governor". Bangko Sentral ng Pilipinas. Retrieved 4 June 2013.
2. Remo, Michelle. "He wanted to be a doctor, then lawyer, but never banker". He wanted to be a doctor, then lawyer, but never banker. The Philippine Daily Inquirer. Retrieved 3 June 2013.
3. Reuters (22 November 2016). "Duterte wants central bank governor to stay past legal limit". www.atimes.com. Retrieved 2 December 2016.
4. "PROFILE-Philippines' Central Bank Governor Amando Tetangco". Reuters. Retrieved 3 June 2013.
5. "Philippine central banker Asia's best". Investvine.com. 2013-01-11. Retrieved 2013-02-03.
6. "Central Bank Governor of the Year for Asia 2012". Emerging Markets. Retrieved 3 June 2013.
7. "Tetangco named one of world's best central bankers". ABS-CBNnews.com. Retrieved 3 June 2013.