September 13, 2025 | 12:00am
MANILA, Philippines — Sy-led BDO Unibank Inc. has been designated by the Social Safety System (SSS) as trustee for its Balanced Fund mandate, underscoring the state-run pension fund’s confidence within the nation’s largest financial institution to handle and safeguard members’ contributions.
“It’s at all times an honor to work with the most important financial institution within the Philippines,” SSS president and CEO Robert Joseph Montes de Claro stated in an announcement.
“Entrusting this fund to BDO displays our confidence of their functionality to develop and safeguard our members’ contributions,” De Claro stated.
The partnership highlights SSS’ effort to spice up returns and improve the advantages it supplies to hundreds of thousands of Filipino employees and retirees.
BDO president and CEO Nestor Tan stated the mandate carries important duty.
“This is a crucial mandate for us. It’s a duty to assist safe the way forward for Filipino retirees. BDO is dedicated to managing this fund with prudence, transparency, and integrity,” Tan stated.
BDO brings in a long time of expertise in fund administration, governance and institutional partnerships, together with with authorities entities. Its work with SSS additional cements its function as a trusted steward of large-scale institutional funds for each private and non-private purchasers.
The brand new association additionally helps a broader aim of making certain the monetary sustainability of the nation’s social safety system, with each establishments reaffirming their shared mission of securing retirement advantages for hundreds of thousands of Filipinos.
“This partnership underscores a shared mission to make sure monetary sustainability of social safety programs and safe the advantages of hundreds of thousands of employees and retirees,” the Sy-led financial institution stated.
BDO noticed its web earnings rise by three % to P40.6 billion within the first half from P39.4 billion a yr in the past, pushed by the continued energy of its core companies.
