Security Bank Corporation (PSE:SECB) was recently recognized at the 2021 Asiamoney Asia Private Banking Awards as the Philippines’ Best for High Net Worth (HNW) Clients.
Asiamoney cited the robust and solid growth of Security Bank’s wealth management business in 2020 and over the past several years, both in terms of assets under management (AUM) and customer base.
“As we navigate the new normal, we will continue to invest in increased service differentiation to fulfill our goal of customer-centricity—which is a key element of our BetterBanking promise. High net worth clients and their families require bespoke services that are aligned with their long-term financial goals, whether the objective is capital preservation or growing their wealth,” says Security Bank President and CEO Sanjiv Vohra.
Security Bank launched its wealth management suite in 2017. Security Bank offers clients a comprehensive and consolidated view of their investment portfolios across various asset classes.
“During the lockdown, we saw a spike in client requests for portfolio reviews, which usually require a face-to-face discussion. We leveraged different communication platforms to conduct virtual meetings and update our clients on the status of their portfolio and investments,” says Binky Mirabueno, Wealth Management Head.
In growing its client base and AUM, Security Bank’s wealth management business leverages the strengths of the Bank’s core businesses. These include the Bank’s branch network reach and the product offerings from Treasury, the Trust and Asset Management Group, stock brokerage through SB Equities and investment banking services through SB Capital.
“Being awarded with Best Bank for High Net Worth clients in the Philippines encourages us in our mission to continue to address our wealth clients’ needs through our BetterBanking propositions”, says Executive Vice President and Branch Banking Head, Leslie Cham.