Metropolitan Bank & Trust Co’s. (Metrobank) Financial Markets Sector was recently recognized by the Asset and the Bureau of the Treasury for its expertise in trading and for cornering the biggest market share in terms of trades this year.
The Bureau of the Treasury (BTr) named Metrobank as the Top Market Maker for 2023, besting other government securities eligible dealers (GSED). The National Treasury cited the Bank’s efforts in helping the national government meet its financing requirements and for supporting the initiatives of the BTr in enhancing the access of Filipinos to investment opportunities.
Offshore, Metrobank was given the Top Sell-Side Institution Award for both Peso Corporate and Government securities in the secondary market at the 2022 Asset Benchmark Research Awards for the third straight year. The Bank was also chosen as the Investor’s Choice Top Arranger for government securities.”
“We always strive to perform our best amid different market conditions,” said Fernand Antonio Tansingco, senior executive vice president and head of Financial Markets Sector, Metrobank. “As financial market activities start to recover, we commit to our partners like the Bureau of the Treasury as well as to our retail and corporate clients that we will always strive to make our local markets more liquid, offer relevant products and insights, and ensure that the right mechanisms are in place to make it thrive.”
The Asset also recognized Metrobank’s top traders under the Region’s Best Local Currency Bond award category. Living up to the Bank’s longstanding tradition of excellence and service, Metrobank Financial Markets Sector has once again proven that their expertise is at par with industry standards. The awardees were: Metrobank Rates and Credits Division Head Kathryn Abes and Government Securities Trading Department Head David Estacio who ranked first and second, respectively, in the Trading category; Sales Trader Samantha Dayrit and Financial Institutions Sales Head Gabriel Liboro who placed fourth and fifth, respectively, in the Sales category; and Institutional Investors Coverage Division Head Ruben Zamora who ranked fourth in the Research category.
The Top Sell-Side Institution Award is given to banks that have captured the biggest market share for corporate and government bonds in the annual Asian Currency Bond Benchmark Review. The market share is then calculated from a detailed questionnaire completed by the leading institutional investors. On the other hand, for the individual category, the Asset Benchmark Research nominates the top sell-side performers in research, sales, and trading and winners are based on the number of votes from the public.
Categories: Business Features