Nestor Espenilla, Jr.
| Nestor A. Espenilla Jr. | |
|---|---|
| 4th Governor of the Bangko Sentral ng Pilipinas | |
|
Assumed office 3 July 2017 |
|
| President | Rodrigo Duterte |
| Preceded by | Amando Tetangco Jr. |
| Personal details | |
| Born |
Nestor Espenilla Jr. October 12, 1958 San Jacinto, Masbate, Philippines |
| Alma mater |
University of the Philippines National Graduate Institute for Policy Studies |
| Profession | Banker, Economist |
Nestor A. Espenilla Jr. (born 12 October 1958) is the fourth and current Governor of the Bangko Sentral ng Pilipinas. He was appointed by Philippine President Rodrigo Duterte on 8 May 2017 and assumed office on 3 July 2017. He previously served as the bank's deputy governor under his predecessor Amando Tetangco Jr.
Espenilla was born in Manila to Nestor Espenilla Sr. and Arminda Espenilla, the only son in a family of five. When he was 10 years old, his mother established a small rural bank, the Rural Bank of San Jacinto (Masbate), Inc., which grew and now has several branches in the province and in neighboring Sorsogon Province. The bank is now managed by his three sisters.
Espenilla graduated with a Bachelor of Science degree in Business Economics (magna cum laude) from the University of the Philippines in 1981. He also earned his Master of Business Administration honors degree from the University of the Philippines in 1982 and obtained his Master of Science degree in Policy Science from the National Graduate Institute for Policy Studies in Tokyo, Japan in 1988.
After graduating from the University of the Philippines in 1981, Espenilla was hired by the Bangko Sentral ng Pilipinas as a debt analyst. Known to his co-workers as "Nesting", Espenilla steadily rose through the ranks, earning his stripes in economic research and international operations, before he was appointed by Philippine president Gloria Macapagal-Arroyo in 2005 as deputy governor for supervision and examination sector under the administration of his predecessor Amando Tetangco Jr. When Philippine president Benigno S. Aquino III took office in 2010, Tetangco's term would have expired, but Aquino reappointed him and his deputies—including Espenilla—to their positions.
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