Philippine central bank governor Nestor Espenilla Jr. passes away at 60

He spearheaded the digitalisation of the retail payment system in the country.

Bangko Sentral ng Pilipinas (BSP) governor and chairman of the Monetary Board Nestor Espenilla Jr. passed away on 23 February after battling with cancer for more than a year.

Espenilla’s leadership paved way for the central bank to pursue major reforms in monetary and financial policies, as well as the BSP organisational structure. He also spearheaded the digitalisation of the retail payment system in the country.

Prior to his appointment as governor, Espenilla served as deputy governor in charge of the Supervision and Examination Sector (SES), which supervises banks and non-bank financial institutions under BSP jurisdiction.

Governor Espenilla was appointed by president Rodrigo Duterte and has concurrently served as ex-officio chairman of the Anti-Money Laundering Council (AMLC), Philippine International Convention Center (PICC) and the Financial Stability Coordination Council (FSCC).

Also Read

MUFG employee steals up to $12.9m from safe deposit boxes

Why Singapore banks are a ‘safe haven’ from US market volatility

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit