HONG KONG-based investment journal The Asset has named BDO Private Bank (BDOPB) the Best Private Bank in the Philippines in the recently concluded The Asset Triple A Awards 2011.

According to The Asset, the award is given to financial institutions that provided the most appropriate advice to high net worth clients; the most experienced relationship managers; and, the best range of products. The growth in business whether measured by assets under management, net new money and revenues, and the investments made in the business despite difficult markets, were also taken into consideration.

BDOPB, a wholly owned subsidiary of BDO Unibank, Inc., is known for its “open architecture” platform that addresses the varied needs and objectives of clients in building up their wealth.

“Backed by the financial strength of our parent BDO Unibank, we are presented with a unique opportunity which we continue to build on to develop the domestic private banking business. Our open architecture platform, bespoke services and focus on deepening client relationships earned the loyalty and continued trust of our clients,” said BDOPB president Josefina N. Tan.

Shown in photo (from left) are BDOPB officers Gamalielh Benavides and Juan Sabino Lizares, who received the award on behalf of the bank.