The agreement highlights BDO’s credibility and expertise in institutional fund management, a role seen as crucial in safeguarding the retirement savings of millions of Filipino workers.
“We are friends by choice and partners by destiny,” said SSS President and CEO Robert Joseph Montes de Claro, quoting Indian Prime Minister Narendra Modi to describe the collaboration.
“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.”
The partnership underscores SSS’s commitment to enhancing the benefits provided to members through prudent fund stewardship.
Montes de Claro said BDO’s proven track record will help advance the long-term sustainability of the pension system.
For BDO, the mandate reflects both trust and responsibility.
“This is an important mandate for us. It is a responsibility to help secure the future of Filipino retirees,” said BDO president and CEO Nestor V. Tan.
“BDO is committed to managing this fund with prudence, transparency, and integrity.”
The partnership reaffirms a shared mission: ensuring financial sustainability for social protection systems and strengthening economic security for millions of retirees. —Ed: Corrie S. Narisma
