BEST PRIVATE BANK – PHILIPPINES DOMESTIC
Well placed to grasp opportunities presented by a rapidly growing economy and HNWI population, BDO Private Bank has established itself as the go-to institution for private banking clients in the Philippines, and efforts taken to further develop its offering have led to strong financial results in 2016.
Not only does BDO Private Bank offer a full-spectrum service, including advisory and discretionary portfolio management, but the bank’s holistic wealth planning platform has enabled it to meet a diverse range of financial goals and objectives set by their clients across insurance, philanthropy, retirement and new business venture requests. Furthermore, BDO Private Bank can tailor solutions according to a client’s specific circumstances, income requirement, liquidity and risk profile.
While using an open architecture model, the private bank also leverages its relationship with BDO Unibank, bringing clients an institutional-like offering on par with many offshore players.
It is also committed to developing top-tier talent via its in-house training programme, which places a specific focus on estate structuring and trust planning. Today the private bank boasts a team of around 40 relationship managers and a separate team of seven wealth advisors.
“BDO Private Bank’s capabilities and expertise in the field of domestic private banking has resulted in the trust and confidence of our clients, entrusting us to over 330 billion pesos in assets for advice and management,” says Josefina Tan, president, BDO Private Bank.
BDO Private Bank is Asian Private Banker’s Best Private Bank – Philippines Domestic for 2016.