By James A. Loyola
BDO Private Bank (BDOPB) has been awarded by New York-based Global Finance magazine as one of the world’s best private banks — the best of its kind in the Philippines–for the fourth straight year.
BDOPB is a wholly-owned subsidiary of BDO Unibank, the country’s largest bank.
“Recent decades have minted unprecedented new ranks of millionaires and billionaires around the world, and they bring a new set of beliefs and attitudes toward wealth,” said Joseph D. Giarraputo, Global Financepublisher and editorial director.
He added that, “technology has enabled greater customization of services, but at the same time has raised expectations of service.
“Our selections of the World’s Best Private Banks identify the wealth management teams that are responding most effectively to the mix of challenges and opportunity that characterizes private banking at the start of the 21st century,” said Giarraputo.
Global Finance’s annual World’s Best Private Banks Awards has become a trusted standard of excellence for the global financial community.
Winners are picked for their superiority in serving the specialized needs of high-net-worth clients as they enhance, preserve, and pass on their wealth to the next generation.
“We are humbled to be consistently counted alongside the world’s best private banks by an influential publication read by top decision-makers of multinational companies and financial institutions in nearly 200 countries. Our success is a reflection of our clients’ long-standing trust in our expertise and partnership,” said BDOPB President Albert S. Yeo.
He added that, “as we mark 15 years of BDOPB, we remain committed to our mission to assist our clients manage their wealth and achieve their financial goals.”