BDO wins Asset Management Company of the Year Award
The Trust and Investments Group (TIG) of BDO Unibank has been named the Asset Management Company of the Year in the Philippines for the fourth straight year (2018-2021) by The Asset, at the recently held “Triple-A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2021.”
BDO TIG, which also won the award back in 2016, said the recognition is a testament to its commitment to service the clients even during the health crisis.
“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,” said BDO TIG SVP and head Rafael Ayuste Jr.
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 another BDO subsidiary, BDO Private Bank.
At the height of the pandemic, BDO TIG was able to quickly innovate and adapt to deal with the crisis and its adverse impacts through the implementation of new initiatives.
Source: Philippine Star