The Market Monitor Minding the Nation's Business
The Social Security System (SSS) has awarded BDO Unibank, Inc. (BDO) the mandate to serve as trustee for its Balanced Fund, marking another milestone in the partnership between the country’s largest pension fund and the biggest bank in the Philippines.
At the ceremonial signing, SSS President and CEO Robert Joseph Montes de Claro expressed confidence in BDO’s stewardship. “It is always an honor to work with the biggest bank in the Philippines. Entrusting this fund to BDO reflects our confidence in their capability to grow and safeguard our members’ contributions,” he said.
Quoting Indian Prime Minister Narendra Modi, Montes de Claro added: “We are friends by choice and partners by destiny.”
For his part, BDO President and CEO Nestor V. Tan underscored the Bank’s commitment to the mandate. “This is an important responsibility to help secure the future of Filipino retirees. BDO is committed to managing this fund with prudence, transparency, and integrity,” he said.
The partnership strengthens BDO’s long-standing role as a trusted manager of institutional funds for both public and private clients. With decades of investment experience, robust governance practices, and a client-centered approach, the Bank aims to deliver consistent results that align with national development goals.
By awarding BDO the Balanced Fund mandate, SSS reaffirms its mission to ensure the financial sustainability of the social protection system and safeguard the retirement benefits of millions of Filipino workers.