On 8 June 2018, Monetary Board Chairman and Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. administered the oath of office of Mr. V. Bruce Jularbal Tolentino following his appointment by President Rodrigo R. Duterte as full-time private sector representative completing the seven-member Monetary Board (MB), the highest policy making-body of the BSP.
MB Member Tolentino will serve until 21 July 2020, corresponding to the unexpired balance of the six-year term of Valentin A. Araneta who passed away on 21 February 2018.
The other members of the MB are Finance Secretary Carlos G. Dominguez III, Felipe M. Medalla and Juan D. De Zuniga, Jr., Peter B. Favila, and Antonio S. Abacan Jr..
Before joining the Monetary Board, MB Member Tolentino served as Deputy Director General of the International Rice Research Institute (IRRI). Prior to this, he was Chief Economist and Country Representative at The Asia Foundation (2007 – 2012), Senior Technical Adviser at the Agriculture and Natural Resources of the Catholic Relief Services (2004-2007) and Senior Economic Policy Adviser at the Asian Development Bank (2002-2004).