MANILA -BPI Wealth, the asset and wealth management arm of Ayala-led Bank of the Philippine Islands (BPI), has been awarded a mandate by the Social Security System (SSS) to manage P2.5 billion of its investment funds.
BPI Wealth secures the mandate after a rigorous four-month bidding process.
“We are honored to be chosen by the SSS as one of the partners in managing their investment portfolio. Amid the most challenging markets in recent years, this new mandate proves that despite market volatility, we have delivered on our commitment to achieve target returns, provide superior service, and offer expert advice, ” said Maria Theresa D. Marcial, President and CEO of BPI Wealth.
In the meantime, the SSS expressed their confidence in BPI Wealth as the right partner in managing their investment funds given the company’s proven track record of success and commitment to excellence.
In April, Security Bank Corp also secured a three-year mandate to manage P2.5 billion in SSS investment fund after a three-month bidding process that was participated by several domestic fund mangers.
The government-run pension fund for private sector employees awarded the mandate to Security Bank’s Trust and Asset Management Group (TAMG).
“Since 2019, SSS has tapped reputable partners in the fund management industry to enhance the investment portfolio return and consequently extend the actuarial life of the SSS Fund,” Security Bank said.