By James A. Loyola
Rizal Commercial Banking Corporation (RCBC) has been tapped by the Social Security System (SSS) to manage P1 billion worth of funds in its portfolio, for investment in both fixed-income securities and equities, in the next two years.
“We are grateful for the chance to contribute to the welfare of the Filipino people, specifically the members of SSS, by prudently managing their hard-earned money intended for the members and their beneficiaries’ protection from the hazards of disability, sickness, old age, and death,” said RCBC Trust Officer and First Senior Vice President Mario T. Miranda.
SSS opted to outsource the management of a portion of its funds to reputable and established local fund managers to help manage and grow the state-run firm’s funds.
It is also keen on investing a portion of its assets in the offshore market to diversify its portfolio and boost its revenues.
RCBC Trust is one of the leading fund managers in the country with over 51 years of investment and retirement fund management experience.
It has bagged a number of landmark accounts involving the largest domestic private and government institutions like SSS.