Philippines

Citi faces tough competition in the Philippines, particularly from southeast Asian banks hoping to expand their network. But the US bank remains the stand-out foreign player in the country.

BDO Unibank’s corporate and investment banking business, partly run through its wholly owned subsidiary BDO Capital, has become the go-to bank for the Philippines’ biggest conglomerates. But the bank is creating new client relationships as well, using its corporate banking relationships to court smaller corporates and introduce them to the capital markets.

The two key questions facing banks around the world at the moment are how well have they endured the coronavirus, and what they have done to help their customers survive. BDO Unibank, under the watch of president and chief executive Nestor Tan, scores well on both counts.

HSBC

Union Bank of the Philippines

BDO Private Bank

BDO Private Bank

The first catastrophe bond to be sponsored by an Asian government has been issued by the World Bank, giving protection against damage by earthquakes and cyclones.

The 30th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.