BDO Private Bank wins third straight award from Euromoney

MANILA, Philippines - For the third year in a row, BDO Private Bank, a wholly owned subsidiary of BDO Unibank, Inc. (BDO), is named the Best Local Private Bank in the Philippines by one of the world’s leading financial publications, Euromoney.

The citation was based on the annual private banking survey conducted by Euromoney, which provides a qualitative and quantitative review of the best services in private banking by region or by areas of service. The survey is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.  It is participated in by private banking professionals, fund managers and advisors, who are asked to rate their own institution and their peers.

Factors such as assets under management, profitability, ratio of clients to relationship managers and services offered, among other things, are all considered in developing the ranking of top private bank.

The complete list of winners is published in the February 2011 issue of Euromoney. ”BDO Private Bank has come a long way since 2003.  Inspired by the pioneering spirit of BDO, we have focused on a unique opportunity and molded it into a viable and growing domestic business. Our open architecture platform, bespoke services and focus on client relationships earned the loyalty and trust of our clients, both in good and challenging times,” said BDO Private Bank president Josefina N. Tan.

BDO Private Bank took home the same award in 2009 and 2010.