Best Domestic Private Bank Philippines
BDO Private Bank
Best Domestic Private Bank – Philippines
Albert S. Yeo
For instance, prior to the start of 2022, we recommended that clients keep their portfolio in short-duration instruments, in view of the anticipated hike in interest rates caused by rising inflation. With this advice, client portfolios were not greatly marked down. In fact, we increased the total AUM by 4% in 2022 thanks to new contributions.
What was behind the judges’ decision?
- Despite volatile underlying market conditions, BDO Private Bank registered a commendable growth in trust AUM and revenue during the period under consideration. In the view of the judging panel, that demonstrates BDO Private Bank’s success in maintaining high levels of liquidity to meet clients’ ongoing demand for credit
- Responding to the increasingly global and diversified business interests and needs of U/HNWIs in the Philippines, BDO Private Bank has ramped up its product suite, offering a wider array of offshore investments, and of both wealth planning and philanthropic solutions
- The bank articulated a clear roadmap for the development of its capabilities across offshore investments, wealth planning and digital tools for clients. Meanwhile, the lender has meaningfully beefed up client outreach and content across webinars and other key client channels
What we said
BDO Private Bank has remained resolute in its mission to better preserve and enhance the wealth of U/HNWIs in the Philippines, and this has convinced Asian Private Banker that the bank deserves to receive the prestigious accolade of Best Private Bank – Philippines at the 12th Awards for Distinction, said Carly Lau, reporter, Asian Private Banker, and member of the judging panel. “We would like to congratulate everyone at BDO Private Bank on their richly deserved success in this category.
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