TRIVIA 0017: WHO IS JOSE NUNEZ JR.

TO THE POINT

BY EMIL JURADO

MANILA STANDARD TODAY

09 AUGUST 2011

But who is this Jose Nuñez Jr. who has sent a show-cause letter to some 20 senior managers of the bank?

I have never heard of any experience of Nuñez as a banker. Now, all of a sudden, he becomes the hitman of the Aquino administration against past officials and directors who were appointed by Mrs. Arroyo.

Nuñez was chief of staff of the youngest of the Zamora brothers, Salvador “Buddy” Zamora, who was a big contributor to the Aquino campaigning 2010. When payback time came, Nuñez got the plum post of DBP chairman.

This is clearly a witch hunt. The young lawyer Pinpin tragically became collateral damage. By the way, I have copies of those show-cause letters.

I have a sneaking suspicion that Nuñez and his cohorts want to link Ongpin and former DBP president Rey David to former First Gentleman Mike Arroyo.

Come to think of it, there was this complaint addressed to the Ombudsman and the  Bangko Sentral of the Philippines by DBP “Concerned DBP Employees and Officials” that Nuñez had violated the Graft and Corrupt Practices Act and BSP rules and regulations by utilizing the planes of his former boss, Buddy Zamora.

Zamora is also a client of the DBP with yet-unpaid loans yet unpaid (it would be interesting to find out why they have not been paid).

That complaint was even published in The Manila Standard Today. Whatever happened to it? We have not heard more about it. What is BSP Governor Amando Tetangco doing with that complaint, may I ask?

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FROM THE DBP WEBSITE:

 

JOSE A. NUÑEZ, JR.
Chairman

Chairman Nuñez has built an extensive career in banking and management.  He is the current chairman of Asian Express Money Services Corporation, a company engaged in foreign exchange dealership, money changing, and global remittance services.  He was also a former director of Philippine Veterans Bank, serving as chairman of its board credit committee and member of the executive and corporate governance committees.

He also serves as director of Camp John Hay Development Corporation, Northwood Resources Corporation, Citystate Savings Bank, Tranzen Group, Inc., La Costa Development Corporation, Agus 3 Hydropower Corporation, Universal LRT Corporation Ltd., and Goldenville Holdings Corporation.

He  was vice chairman and chief executive officer of Federal Savings and Mortgage Bank from 1997-2000 until its merger with Security Bank Corporation; and executive vice president and chief operating officer of Premiere Development Bank from 1982-1986 and 1989-1991.  He has also been affiliated with Allied Banking Corporation, and Rizal Commercial Banking Corporation.

Chairman Nuñez has a Bachelor of Arts major in Economics degree (Honors Program) fromXavierUniversity, and is a candidate for a Masters in Business Administration degree from the Ateneo de Manila University.