Negosyante News

November 5, 2024 10:49 pm

SSS Partners with Metrobank to Oversee P1.5 Billion Balanced Fund

The Social Security System (SSS) of the Philippines has entrusted Metrobank Trust, the trust banking division of Metropolitan Bank & Trust Co., with the management of a P1.5-billion balanced fund. This collaboration underscores Metrobank’s industry leadership and its acclaimed investment management proficiency.

Jikee Reyes, head of Metrobank’s Trust Banking Group, expressed honor in being selected by SSS, highlighting the trust and confidence placed in Metrobank’s capabilities to enhance the fund’s performance through strategic investment in equities and fixed-income securities.

The decision to appoint Metrobank Trust was influenced by its consistent track record and the comprehensive asset management acumen of its Trust Banking Group, outpacing other contenders. The agreement, which commenced in February, is set to extend over a three-year period, during which Metrobank aims to optimize the fund’s growth and contribution to the pension system.

Metrobank’s reputation as a formidable entity in the banking sector is well-established, having been recognized as the Top Market Maker for Government Securities Eligible Dealers by the Bureau of the Treasury for three consecutive years. These accolades reflect Metrobank’s enduring commitment to excellence and its significant role in the nation’s financial landscape, reinforcing its position as a trusted partner in managing substantial pension fund assets.

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