SSS taps Metrobank to manage P1.5-B balanced fund

SSS taps Metrobank to manage P1.5-B balanced fund

MANILA, Philippines — Metrobank Trust, the trust banking arm of Metropolitan Bank & Trust Co., has been selected by the state pension fund Social Security System (SSS) to manage a P1.5-billion balanced fund.

Under the mandate, Metrobank Trust is responsible for managing and growing the SSS’ balanced fund by investing in various equities and fixed-income assets.

“We are privileged to receive this mandate from one of the country’s largest pension funds as it signifies a vote of confidence in Metrobank’s leadership, expertise, and exceptional service standards in investment management,” Jikee Reyes, Metrobank’s Trust Banking Group head, said in a statement.

READ: SSS eyes global investment opportunities

The SSS cited Metrobank’s track record for success, along with the capacity and the overall asset management performance of its Trust Banking Group, as the main factors considered for choosing Metrobank Trust to be the local fund manager for its balanced fund, besting other bidders.

Metrobank Trust’s mandate started in February and is slated to run for the next three years.

READ: Metrobank is the Bureau of Treasury’s top market maker for 2024

Through the years, Metrobank has won mandates that have contributed to nation-building.

The bank was named by the Bureau of the Treasury as the Top Market Maker for Government Securities Eligible Dealers (GSED) in 2024, for the third consecutive year.

Metrobank has received multiple recognitions from global experts for its strength, reliability, and overall stellar performance in the banking space.