State-run Philippine Deposit Insurance Corp. (PDIC) announced the appointment of former Social Security System president and CEO Aurora Ignacio and the reappointment of Rogelio Guadalquiver as members of its Board of Directors representing the private sector.
Ignacio and Guadalquiver join former Bangko Sentral ng Pilipinas Deputy Governor Juan De Zuñiga Jr. and Reynaldo Tansioco as private sector representatives in the PDIC Board chaired by Finance Secretary Carlos Dominguez III.
The Board also includes PDIC vice chairman, president and CEO Roberto Tan and BSP Governor Benjamin Diokno as ex-officio member.
Director Ignacio will serve until November 16, 2025, while Guadalquiver who was previously appointed in December 2016 will serve until November 16, 2025 as well.
Prior to joining PDIC, Director Ignacio led the digitalization initiatives of SSS from 2019 to 2022 including the enhancement of the SSS Mobile App and the online filing for various member claims and benefits.
During her term at the SSS, the pension fund also optimized partnership with banks and e-wallet providers in the prompt release of members’ benefit claims and loan proceeds.
On the other hand, Guadalquiver is a seasoned accountant with more than three decades of experience in domestic and worldwide audit practices specializing in initial public offerings, industry research studies, corporate
restructuring, business process re-engineering, business risk management, and financial and tax management consulting.
The PDIC is the government instrumentality mandated to insure deposits in all banks operating in the country. It was created by virtue of Republic Act 3591, as amended, to achieve the public policy objectives of protecting the depositing public by providing deposit insurance coverage up to the maximum deposit insurance coverage of P500,000 per depositor per bank and promoting financial stability