BDO Unibank Inc. was named trustee for the Social Security System’s (SSS) Balanced Fund, reinforcing BDO’s position as a leader in institutional fund management.
“We are friends by choice and partners by destiny,” SSS president and chief executive Robert Joseph Montes de Claro said, borrowing a line from Indian Prime Minister Narendra Modi to describe the partnership.
“It is always an honor to work with the biggest bank in the Philippines. Entrusting this fund to BDO reflects our confidence in their capability to grow and safeguard our members’ contributions,” Montes de Claro said.
BDO Unibank Inc. president and chief executive Nestor Tan said the agreement is an important mandate for the bank. “It is a responsibility to help secure the future of Filipino retirees. BDO is committed to managing this fund with prudence, transparency, and integrity,” he said.
BDO has a history of working with government institutions and brings decades of fund management experience to the partnership.
The mandate with SSS further strengthens BDO’s role as a trusted steward of large-scale institutional funds for both corporate and public sector clients.
 has awarded BDO Unibank Inc. the mandate to serve as trustee for its Balanced Fund, a partnership that highlights BDO's expertise in institutional fund management.){kind=link}