BDO Private Bank, a wholly-owned subsidiary of the BDO Unibank Inc., the country’s biggest lender, was recognized for the fourth straight year as one of the world’s best private banks by the New York-based Global Finance magazine.
Bank president Albert Yeo said in a statement the bank’s success was a reflection of its clients’ long-standing trust in their expertise and partnership.
“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,” Yeo said.
“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,” Yeo said.
Joseph Giarraputo, Global Finance publisher and editorial director, said the selections of the World’s Best Private Banks identified the wealth management teams that were responding most effectively to the mix of challenges and opportunity that characterizes private banking at the start of the 21st century.
“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. Technology has enabled greater customization of services, but at the same time has raised expectations of service,” Giarraputo said.
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.