Metrobank Trust, the trust banking arm of Metropolitan Bank & Trust Co. (Metrobank), has been selected by the Social Security System (SSS) to manage a P1.5 billion balanced fund.
Under this agreement, Metrobank Trust assumes responsibility for the growth and management of SSS’ Balanced Fund, which caters to the retirement needs of private sector employees.
The decision to entrust Metrobank Trust with this crucial task was driven by several factors, according to SSS officials. Among these factors were Metrobank’s track record of success, its demonstrated capacity, and the commendable performance of its Trust Banking Group in asset management. This selection process saw Metrobank Trust emerge as the preferred candidate over other contenders vying for the opportunity.
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“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,” said Jikee Reyes, head of Metrobank’s Trust Banking Group. “We look forward to extending our management proficiency to SSS’s valued clients, our fellow Filipinos.”
Metrobank Trust officially began its mandate in February, marking the beginning of a three-year term during which it will focus on optimizing returns for SSS’s Balanced Fund through strategic investments in equities and fixed-income assets.
This partnership between Metrobank Trust and SSS underscores a shared commitment to prudent financial management and the safeguarding of retirement funds for the benefit of Filipino workers.