Security Bank bags Cesar EA Virata award

For the seventh straight year, Security Bank has won the 2011 “Best Securities House” (banking category), also known as the Cesar EA Virata award, given yearly by the Philippine Dealing System Holdings Corp. and Subsidiaries (PDS) group.

First Metro Investment Corp. bagged the “Cesar EA Virata” award for the newly created investment house category.

The awards were named in honor of former Prime Minister Cesar Virata, a veteran banker who was a key proponent of the establishment of the fixed-income trading platform in the country now operated by PDS’ unit Philippine Dealing & Exchange Corp.

For the banking category, the award is given to a bank trading participant that showed an “exceptional” performance in trading, distribution and settlement activities.

The newly created category for investment house is given to an investment house trading participant that had an exceptional performance in trading and distribution as well as in the origination, underwriting and market-making of outstanding listed corporate securities.

PDS chair Vicente Castillo said the new category was created because the corporate bond market was growing significantly and investment houses were playing a bigger role in the capital market. Doris C. Dumlao