MANILA, Philippines - For the third year in a row, Rizal Commercial Banking Corporation’s (RCBC) Wealth Management Group was citd as the Best Domestic Private Bank and the Overall Best Private Bank in the Philippines for 2014 by high net worth individuals (HNWIs) during the recent Asiamoney Private Banking Poll.
Asiamoney , one of Southeast Asia’s leading financial publications and a division of Euromoney, annually conducts the Private Banking Polls. High net worth clients take part in selecting the best private banks based on qualitative and quantitative criteria such as diversity of products, quality of advice, client relationship management and servicing, issues of confidentiality and security, wealth planning, technology and support amongst others.
“It is indeed an honor to be recognized by our clients for three years in a row . We will continue to give service worthy of the trust and confidence given to us. The growing number of our client base is also a positive reflection on our capabilities through our open platform strategy and our dynamic approach in handling client relationships by addressing their personal financial needs and that of their businesses, said RCBC Wealth Management group head Manuel G. Ahyong Jr.
To date, assets under management has surged with a seven-fold increase since 2007 and the g roup is on track to surpass P70 billion this year. Likewise, the group’s client base continues to expand with a 10-fold increase during the same period. Further, office and network expansions in select areas are on the drawing board as the bank adds to its current presence in Binondo, Makati, Quezon Avenue, Kalookan, Greenhills, Cebu and Davao.