Security Bank named anew as best Philippines bank for high net-worth clients

MANILA, Philippines — Security Bank was recognized as the Philippines’ Best for High Net Worth (HNW) Clients for the third straight year at the 2022 Asiamoney Asia Private Banking Awards.

“Technological disruption is a big part of the overall strategy. Security Bank constantly provides better, faster, and safer digital access for clients for their portfolios and review services,” Asiamoney said.

Security Bank launched its wealth management proposition in 2017 to offer clients personalized financial solutions geared toward their goals and objectives. The bank’s wealth management division was recognized in 2021 and 2022 for its ability to expand its client base despite economic and global events that affected the financial industry.

“This year-on-year recognition from Asiamoney only proves that we are making the right investments in what matters to our customers. We excel in the personal approach we take for each client – they really feel that they are being serviced, that someone is really there taking care of their portfolio,” said wealth management head Binky Mirabueno.

In growing its client base and AUM, Security Bank’s wealth management business leverages on the strengths of the bank’s core businesses. These include the bank’s branch network reach and the product offerings from Treasury, Trust and Asset Management Group (TAMG), stock brokerage through SB Equities, and investment banking services through SB Capital.

“During the five-year period from 2017 to the end of September 2022, the private bank’s assets under management and customer base rose by 44 percent and 40 percent, respectively, on a compound annual growth rate basis.”

“Service differentiation is a key to our continued recognition as Best Bank for High-Net-Worth clients in the Philippines. This recognition is proof that we are on the right track to fulfill our goal of becoming the most-customer centric bank in the Philippines,” said EVP and branch banking head Leslie Cham.