Amando Maglalang Tetangco Jr. (born November 14, 1952) is a Filipino banker, who served as the third

Governor of the Bangko Sentral ng Pilipinas The governor of the Bangko Sentral ng Pilipinas ( or simply ) is the chief executive officer of the Bangko Sentral ng Pilipinas, the Philippines' central bank. This position succeeded and replaced the earlier post of governor of the Central Ban ...

(BSP). He was the first BSP governor to serve two terms, having been first appointed to the office by

Philippine president The president of the Philippines (, sometimes referred to as ) is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in- ...

Gloria Macapagal Arroyo Maria Gloria Macaraeg Macapagal-Arroyo (; born April 5, 1947), often referred to as PGMA or GMA, is a Filipino academic and politician who served as the 14th president of the Philippines from Presidency of Gloria Macapagal-Arroyo, 2001 to 2010 ...

in July 3, 2005, and reappointed in July 31, 2011 by President

Benigno Aquino III Benigno Simeon Aquino III (; born Benigno Simeon Cojuangco Aquino III; February 8, 1960 – June 24, 2021), also known as Noynoy Aquino and colloquially as PNoy, was a Filipino politician who served as the 15th president of the Philippines ...

to serve another six-year term.

Early life and education

Born on November 14, 1952 to Amando, Sr. and the former Teodora Maglalang, Tetangco finished elementary and high school at the Don Bosco Academy in

Pampanga Pampanga, officially the Province of Pampanga (; ; ), is a province in Central Luzon in the Philippines. Lying on the northern shore of Manila Bay, Pampanga is bordered by Tarlac to the north, Nueva Ecija to the northeast, Bulacan to the east, ...

. He went on to pursue his AB

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

degree at the Ateneo de Manila University, where he graduated ''cum laude''; he also took up graduate courses in

business administration Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. Overview The administration of a business includes the performance o ...

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 Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural c ...

) at the

University of Wisconsin–Madison The University of Wisconsin–Madison (University of Wisconsin, Wisconsin, UW, UW–Madison, or simply Madison) is a public land-grant research university in Madison, Wisconsin, United States. It was founded in 1848 when Wisconsin achieved st ...

, Wisconsin, United States.

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 The Philippine International Convention Center (; PICC) is a convention center located in the Cultural Center of the Philippines Complex in Pasay, Philippines. The Brutalist facility has been the host of numerous local and foreign conventions, ...

; 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 The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states r ...

and ASEAN+3; South East Asia Central Banks; South East Asia, New Zealand and Australia; Center for

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

n Monetary Studies; and

Asia-Pacific Economic Cooperation Asia-Pacific Economic Cooperation (APEC ) is an inter-governmental forum for 21 member economy , economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. Following the success of Association of Southeast Asia ...

. He is the governor for the Philippines in the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

, and the Alternate Governor in the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

and in the

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was establishe ...

. He is currently an independent director to various companies, such as SM Investments Corporation (also holding a Chairman position), SM Prime Holdings (also holding a Vice Chairman position), Converge ICT, and Shell Philippines.

Personal life

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.

Honors and awards

In January 2013, Tetangco has been named ''Central Banker of the Year for Asia-Pacific'' by ''

The Banker ''The Banker'' is an English-language monthly international financial affairs publication owned by '' The Financial Times'' and edited in London, United Kingdom. The magazine was first published in January 1926 through founding editor Brendan ...

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

References

{{DEFAULTSORT:Tetangco, Armando Jr. 1952 births Living people Ateneo de Manila University alumni Governors of the Bangko Sentral ng Pilipinas Benigno Aquino III administration personnel Arroyo administration personnel Duterte administration personnel University of Wisconsin–Madison alumni Grand Crosses of the Order of Lakandula Filipino people of Chinese descent