BDO unit gets fourth best private bank tag

BDO Unibank’s wholly owned BDO Private Bank (BDOPB) has, for the fourth year in a row, bagged a citation as one of the world’s best private banks—and the best of its kind in the Philippines—from New York-based Global Finance magazine.

“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,” Global Finance publisher and editorial director Joseph Giarraputo said.

“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,” he added.

Global Finance’s annual “World’s Best Private Banks Awards” has set the bar 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,” BDOPB president Albert 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.”