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Wednesday, April 17, 2024

Magazine hails BDO subsidiary as best asset manager

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REGIONAL financial publisher Asset Publishing and Research (APR) Ltd. has awarded BDO Unibank Trust and Investments Group (TIG) as the “Asset Management Company of the Year in the Philippines” for the fourth straight year.

The BDO TIG has been winning the award since 2018, the most recent recognition was recently held “Triple A Sustainable Investing Awards for Institutional Investor, ETF” and “Asset Servicing Providers 2021.”

“Industry players accelerated the adoption of technology and relied on agility, risk management and engagement with investors to pull through such a tough year. For some of the most outstanding asset managers in Asia, ensuring effective communication is crucial even when a lot of the daily work has been moved online and to a work-from-home environment,” APR said in a statement.

At the end of 2020, BDO’s consolidated trust assets under management (AUM) amounted to P1.63 trillion, up 22 percent from the previous level of P1.34 trillion.

Of this AUM, P1.12 billion is managed by BDO TIG, while the remaining P505 billion is managed by BDO subsidiary BDO Private Bank.

“Our ability to adapt to the ever-changing environment through the use of new channels and the creation of new processes for the new normal allowed us to service our clients despite the limited mobility due to the pandemic.

The most important matter on hand was to keep BDO TIG visible to assure our clients that we are in full control of their investments,” BDO TIG SVP and Head Rafael Ayuste Jr. was quoted in a statement as saying.

BDO also won the same award in 2016.

Read full article on BusinessMirror

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