Finance Secretary, Frederick Go Takes Oath as Newest BSP Board Member

Finance Secretary Frederick Go has officially assumed his seat as a member on the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), serving as the government’s Cabinet representative.

BSP Governor Eli Remolona Jr. administered the oath of office on 8 January at the central bank’s headquarters in Manila.

Go succeeds former Finance Secretary Ralph Recto, who has transitioned to the role of Executive Secretary.

As the newest member of the seven-person body, Go joins a board tasked with maintaining price stability and overseeing the regulation of the Philippine financial system.

The current board composition includes Governor Remolona, former BSP Governor Benjamin Diokno, Romeo Bernardo, Walter Wassmer, Rosalia De Leon, and Jose Querubin.

Prior to this appointment, Go served as the Special Assistant to the President for Investment and Economic Affairs.

In this capacity, he acted as the administration’s primary liaison for large-scale investments and chaired the Economic Development Group, coordinating policy across agencies such as the Department of Budget and Management.

Go brings significant private sector experience to the monetary authority.

As the former Chief Executive Officer of Robinsons Land Corp., he managed one of the country’s largest real estate conglomerates. His background spans various industries, including aviation, petrochemicals, power, and banking.

Analysts suggest that Go’s extensive corporate background provides a pragmatic perspective. S

pecifically, it offers insight into how interest rate decisions and reserve requirements influence the real economy and corporate capital expenditure.

Go is a graduate of Management Engineering from Ateneo de Manila University.

He joins the board at a crucial time as the BSP continues to navigate inflation management and potential easing cycles.

Featured image: Edited by Fintech News Philippines based on images by masaideeabdulkoday70 via Freepik and Frederick Go via Wikipedia.

The post Finance Secretary, Frederick Go Takes Oath as Newest BSP Board Member appeared first on Fintech News Philippines.