Salmon, the financial technology group transforming consumer finance across Southeast Asia, is proud to announce the appointment of Atty. Juan De Zuñiga, Jr., a former Monetary Board Member of the Bangko Sentral ng Pilipinas (BSP), as an independent director on the Board of the Rural Bank of Sta. Rosa (Laguna), Inc. (“Bank”), a Salmon subsidiary.
Atty. De Zuñiga brings over four decades of distinguished legal, regulatory, and governance experience in Philippine banking. As a former Deputy Governor and General Counsel of the BSP, he played a pivotal role in shaping banking regulations, enforcing financial laws, and promoting good governance across banks of all sizes. Most recently, he served as the Director Representing the Private Sector of the Philippine Deposit Insurance Corporation (PDIC). His appointment in the Bank is currently undergoing standard BSP confirmation.
The appointment reflects Salmon’s commitment to building world-class governance and regulatory alignment, as the company builds a next-generation finance platform in the Philippines and beyond, with support from the International Finance Corporation (World Bank Group) and ADQ/Lunate, the Abu Dhabi sovereign wealth fund. Atty. De Zuñiga’s addition to the Board further enhances the Bank’s oversight capability, legal robustness, and institutional standing with key external stakeholders.
“We are honored to welcome Atty. Juan De Zuñiga to the Board,” said Raffy Montemayor, Co-Founder of Salmon and Chairman of the Bank. “His deep understanding of the Philippine financial system and lifelong dedication to regulatory integrity are invaluable to us as we continue building a responsible, inclusive, and tech-driven bank that offers a best-in-class 8.88% time deposit product.”
The Bank is guided by a distinguished group of independent directors, including Retired Supreme Court Justice Andres B. Reyes, Jr., Romulo Senior Partner Atty. Perry L. Pe, and veteran banker Mr. Wilfredo Perry B. Morales. The Bank serves as the foundation of Salmon’s credit-led, tech-enabled expansion in the Philippines.
Atty. De Zuñiga’s legal acumen and leadership in public service have earned him respect across the financial industry, and he is widely recognized as one of the Philippines’ foremost authorities on banking law and governance. His appointment underscores Salmon’s long-term strategy of pairing technological innovation with the highest standards of fiduciary stewardship.
