Metrobank named Best Domestic Private Bank in Philippines

The Philippine Star
Metrobank named Best Domestic Private Bank in Philippines

MANILA, Philippines — Metropolitan Bank & Trust Co. (Metrobank) has been recognized as the 2022 Best Domestic Private Bank in the Philippines by top finance publication Asiamoney.

According to Asiamoney, performance indicators noted for consideration include relative performance versus competitors, successes in achieving market share, coping with difficult or changing market conditions, among others.

“Metrobank’s ability to meet the needs of wealthy clients in an agile and smart manner went a long way during the worst volatility in the past year. It also helped Metrobank stay miles ahead of peers,” said Asiamoney editor Rashmi Kumar.

The bank’s Private Wealth team was established in 2016. Since then, the business has rapidly and successfully captured the attention of the ultra high net worth (UHNW) segment in the Philippines. Through Private Wealth, customers are able to have access to the entire product suite of the Metrobank Group.

Metrobank Private Wealth’s assets under management and client base grew by a compounded 30 percent and 23 percent, respectively, since 2016; and this surge was bolstered with the growth of the bank’s strength from six relationship managers to 20 by end-2021.

“These show that Metrobank is serious about its wealth management ambitions. This makes it Asiamoney’s winner of the Best Domestic Private Bank in the Philippines for 2022,” Kumar pointed out.

“We are honored to be named the Best Domestic Private Bank in the Philippines. This award is a validation of our focus and commitment to our UHNW client base. Wealth management and preservation for the ultra-high-net-worth is a challenging task which goes beyond financial management. More importantly, it involves the perpetuation of the family legacy. This is why it is equally important to ensure the general well-being of family members across different stages of life.

There’s a lot more work to be done on this front. Our goal at Metrobank Private Wealth is to be our clients’ most trusted financial advisor and to develop a relationship with them that will span generations,” said Lizette Perez, SVP and head of Metrobank Private Wealth.

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