AsiaMoney has recognized Philippine National Bank (PNB) headed by bankero Wick Veloso as the Best Bank for Investment Research in the Philippines for the second consecutive year during its Private Banking Awards.
“This award underscores PNB’s commitment to provide the best customer experience to those we serve. We continue to build our thought leadership and are honored to be named Best Bank for Investment Research especially during this time,” the bankero said.
Economist Alvin Arogo heads the research division of the Lucio Tan-led bank.
“We are humbled by this recognition from Asiamoney. This further motivates us to deliver relevant, up-to-date, and useful economic and market insights to our investors, clients, and the general banking public,” Arogo said.
The PNB Research team, likewise, provided pre-deal research work for the various deal executions of PNB’s investment banking subsidiary last year, namely DoubleDragon Meridien Park REIT, Monde Nissin, RL Commercial REIT, Inc., AllDay, Synergy Grid, Keepers, and Medilines.
“We shall continue to support PNB in building client relationships and delivering solutions to meet their business and investment objectives,” Arogo said.
In its 2022 Asia Private Banking Awards held last April 25, Asiamoney said that as the pandemic stretched from 2020 to 2021, the immediate challenge was figuring out the state of the Philippines’ gross domestic product, inflation, central bank policy rates, and foreign exchange gyrations to provide macro investing guidance to clients.
In 2021, the PNB Research team published 212 reports covering economic and equity research, providing up-to-date investment ideas. The report said,
“As a result, PNB’s private wealth clients were better able than most to react to fast-moving government mobility restrictions,” the division of global media group Euromoney Institutional Investor PLC said.