The Fund Managers Association of the Philippines (FMAP) has named ING Bank the “Best Fixed Income House” and Deutsche Regis Partners Inc. the “Best Equity House” in the Philippines for 2017.
In a speech during FMAP’s 20th anniversary celebration last Thursday, FMAP president Deanno Basas said the annual awards were meant to recognize the invaluable contribution of partner banks and brokers to the fund management industry.
FMAP has 48 institutional and 298 individual members with a combined assets under management of P4.5 trillion.
Apart from honoring outstanding institutions, FMAP also picked the best analysts, traders, sales persons and economists.
For equities, analysts from Deutsche Regis bagged a total of five awards. Rafael Garchitorena won as best banking analyst, Aaron Salvador as best gaming analyst, Carl Sy as best property analyst and Gio dela Rosa was honored as best conglomerate analyst as well as the best utilities analyst.
Three analysts from Maybank ATRKE were also honored as the best in their respective sectors: Lovell Sarreal for consumer (retail, media), Michael Bengson for energy and transportation and Rommel Rodrigo for infrastructure.
Philip Albert Felix of Philippine Equity Partners (PEP) was honored as the best mining analyst.
Honored as the best economist in the equities market was PEP’s Emerio “Jojo” Gonzales III.
FMAP also named Deutsche Regis’ Garchitorena as the best local strategist, Maybank ATRKE’s Bengson as the best research analyst and Maybank ATRKE’s Paul Jayson Ramos as the best salesperson. For other institutional awards in the equities market, Deutsche Regis was cited best in sales execution and best in research while Maybank ATRKE was named best in sales.
Meanwhile, ING’s Tim Condon was named best regional strategist while COL Financial’s Juanis Barredo won the best technical analyst award.
In the fixed income market, named as best traders were First Metro Investment Corp.’s David Ignacio Estacio (local category) and ING’s Aezel Ann “AZ” Zamora (foreign category).
Carlyn Therese Dulay of Security Bank was cited as the best fixed income sales person.
ING’s Jose Mario “Joey” Cuyegkeng won two awards as the best fixed income strategist and best economist. Overall, ING also won for the best foreign market coverage for fixed income.
“FMAP is about the Philippines. We recognize that as fund managers, our role transcends beyond our industry and that we play a big role in the development of our economy. As stewards of money, we need to ensure that our funds are put to good use for the continued progress of our country. To this end we support corporate governance and other initiatives which promote the responsible use of capital,” Basas said.
“What is FMAP? FMAP is the Fund Managers Association of the Philippines, an institution which has existed and thrived for 20 years, and will have many more years of working with its partners to grow the fund management industry for the betterment of our country,” he added.—DORIS DUMLAO-ABADILLA