CITY OF SAN FERNANDO -- The Bank of the Philippine Islands (BPI) continues to garner recognition from international award-giving bodies for its performance in the fields of fund management, investment banking and capital markets.
BPI Asset Management and Trust Corporation (AMTC) was named the Philippines’ Best Asset Manager by the International Finance Awards (IFA). This is the fifth time that BPI’s fund management arm has received this distinction, having been named as the top asset management firm in the country for the first time in 2013, and every year since 2017.
The IFA assesses fund management companies based on their 2019 performance in terms of net profit, the assets raised, new funds launched, investor benefits, fund impacts, profitability, and quality of market research. The IFA jury noted BPI AMTC’s remarkable performance in 2019, which generated a record-breaking 24 percent year-on-year growth at P731 Billion in assets under management (AUM) composed of 60 percent fixed income, 34 percent equity and 6 percent in cash and other assets.
BPI AMTC President Sheila Marie Tan said that the outlook for 2020 is markedly different due to the developments of the Covid-19 pandemic, but they remain committed to providing their clients with the best possible service and outcomes.
BPI Capital Corporation, BPI’s investment banking arm, received the Best Corporate Bond (Asia Pacific) Award for its $400M AC Energy Philippines "Fixed for Life" green perpetual bonds issuance from The Banker Deal of the Year 2020 Awards. The Banker is the global financial intelligence publication of The Financial Times, one of the most highly respected names in finance journalism.