Awards for Distinction 2024 – Best Private Bank – Philippines

Best Private Bank Philippines

 

BDO Private Bank

Best Private Bank – Philippines

Joseph A. Gotuaco

president

“BDO is honoured to be recognised for its achievements last year.

“As the challenge of successfully investing and managing family assets grows more international and complex, we aim to stay even closer to our clients as they navigate each of their journeys.

“We are grateful for the confidence and trust our clients have placed in us, and will continue to work hard to help them achieve their goals. We are very committed to them.”

What was behind the judges’ decision?

  • The momentum with which BDO Private Bank grew its AUM and client base through investment mandates, organic expansion and client referrals highlights its strong appeal to ultra high net worth individuals and the deep trust it has earned in the Philippines. The bank also comprehensively demonstrated how its enhancements in its infrastructure and digital capabilities improved client experience.
  • BDO Private Bank’s wide range of tailor-made investment products as well as its use of global expertise with localised insights have proven its effectiveness in ensuring superior financial returns for clients, outperforming local indices and international benchmarks. Additionally, the bank’s integration of ESG-compliant investments and alternative assets reflects its commitment to innovation and sustainable investment opportunities.
  • BDO Private Bank demonstrated unparalleled expertise in local family office services and wealth transfer solutions with its ability to provide a range of customised solutions for domestic and cross-border wealth transfer. The bank’s team of wealth advisory specialists and integration with its affiliate insurance unit BDO Life enhanced its ability to deliver cost-effective and seamless solutions for families, highlighting the bank’s commitment to preserving and passing down generational wealth.

What we said…

“BDO Private Bank recorded unmatched AUM and client base growth in the Philippines in 2024, underscoring its continuous commitment and dedicated investment in client-centric services, innovation, and its expansion in infrastructure and network. BDO has truly sustained its leadership position in the Philippines market,” said Kylie Wong, data reporter of Asian Private Banker.

“Clientele in the Philippines have embraced the bank’s personalised services and comprehensive wealth management solutions to grow and protect their wealth across generations. With BDO’s international presence in Singapore and Hong Kong and its open architecture platform, the private bank has been providing clients with both domestic and international investment opportunities.

“These accomplishments uniquely position BDO Private Bank as the leading private banking institution in the region, securing its recognition as Best Private Bank – Philippines at the Awards for Distinction 2024. The Asian Private Banker judging panel acknowledges the bank’s impressive growth and applauds the collective efforts of its team in delivering this achievement.”


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