Press Release
Apr 30, 2024

Ayala-led Bank of the Philippine Islands’ (BPI) wealth management arm, BPI Wealth, recently secured top accolades from the International Finance Awards, Digital CX Awards, and the CFA Society Philippines Best Managed Funds of the Year Awards.

BPI Wealth clinched the title of Best Asset Manager in the Philippines for the eighth consecutive year at the prestigious International Finance Awards (IFA). In the past 12 years, IFA has been recognizing companies all over the globe for their contribution to groundbreaking initiatives that benefit and impact the global community. The award has been bestowed to BPI Wealth since 2017 for its outstanding performance and unwavering commitment to excellence and innovation in asset management.

BIG WINNERS — Left Photo: BPI Wealth bagged three major awards at the recently concluded CFA Society Philippines Best Managed Fund of the Year Awards. From left to right, Head of Portfolio Management Rico Gomez, Head of Fixed Income and Global Markets Gladys Buenaventura, Head of Equities Erwin Balita; Right Photo: BPI Wealth Head of Customer Experience Lea Maranan proudly receives two awards at The Digital Banker Digital CX Awards held in Singapore last April 25, 2024.

In 2023, BPI Wealth reported a record-year with its AUM breaching the P1-trillion mark, a feat made possible by collective growth in four key client segments - Institutional, High Net Worth, Mass Affluent, and Retail.

“Winning the award for 8 consecutive years is a resounding validation of the dedication we’ve put into delivering top-notch results and value for our clients. This award serves as a reminder that we’re on the right track.  It fuels us to keep pushing boundaries, continually innovate and raise the bar in wealth management,” shared Maria Theresa D. Marcial, President and CEO at BPI Wealth. 


Best in Digital Solutions

BPI Wealth also clinched two awards in The Digital Banker Digital CX Awards 2024. The firm was recognized as "Best Wealth Manager for Digital CX in the Philippines" and "Best Digital CX in Account Opening and Customer Onboarding for Wealth Management." These awards highlight BPI Wealth's exceptional digital customer experience initiatives, which aim to streamline and enhance the wealth management process for clients through innovative digital solutions.

One of the banner initiatives in the company’s shift towards digitalization was the digital account opening process which was launched in 2022. As of end 2023, over 11,000 applications were successfully opened through the platform, generating more than PHP358Mn in incremental assets under management (AUM). Digital investment account opening also served as an effective acquisition tool as it acquired over 7,000 new customers for BPI Wealth. 

“It's important to recognize that our pivot aligns perfectly with our parent bank's overarching commitment to sustainability. By leveraging technology to streamline processes and elevate customer experience, we are able to improve operational efficiency and promote financial inclusivity. This is our way of reaching MORE people through investments and doing MORE by securing the financial future of Filipinos," noted Marcial.


Award-winning investment funds

Adding to its growing list of industry-wide accolades is the company’s notable success at the CFA Society Philippines Best Managed Fund of the Year Awards. Among a competitive pool of 136 qualified funds from 17 esteemed investment houses and Trust Institutions, three of its managed Unit Investment Trust Funds stood out as the Best Managed Fund of the Year.

These wins underscore BPI Wealth's position as a leader in investment management.  BPI US Equity Index Feeder Fund which tracks the performance of the S&P500 won Best Managed Fund of the Year for Dollar Global Equity Feeder Fund category while the BPI Global Equity Fund-of-Funds won Best Managed Fund of the Year for Dollar Equity Fund category. Meanwhile for local funds, BPI Philippine Infrastructure Equity Index Fund won Best Managed Fund of the Year for Peso Equity Funds.

This recognition reinforces BPI Wealth's commitment to delivering superior investment performance and sound financial management practices, further solidifying its position as a trusted partner in wealth management for Filipinos.

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