WebClick Tracer

September 24, 2023

Wealth management arm of BPI named Philippines’ Best Asset Manager

The wealth management arm of Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco was recently recognized by the 2022 International Finance Awards as the Best Asset Manager-Philippines due to innovation and exemplary fund management in the country.

The BPI Asset Management and Trust Corp. (BPI AMTC) has been bestowed the award for six consecutive years since 2017.

“This recognition inspires us to continue serving the investing public with the best of our abilities. We aim to maintain our position as the most trusted company for investments here in the Philippines. By adopting the global best practices and exchanging ideas with our offshore partners, we remain committed to sustaining our goal of providing the best investment services to our clients,” BPI AMTC chief investment officer Smith Chua said.

The International Finance Awards assesses fund management companies based on their performance in terms of net profit, assets raised, new funds launched, investor benefits, fund impact, profitability, and quality of market research.

The jury noted BPI AMTC’s remarkable performance in 2021, capturing 17 percent of the market share and with over P882 billion in assets under management.

The International Finance Awards recognizes industry talent, leadership skills, industry net worth and capability on an international platform. After careful consideration of nominations by a qualified selection team, winners are declared on the strength of their application and past accomplishments.

“Organizations who integrate sustainability in their business are likely to experience a more consistent growth and returns over the long term. This favorable outcome is the product of combining operational efficiency, innovation with a progressive risk management framework that continually responds with care over the welfare of the environment and to the society at large,” Chua said.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

Read More ...