Cover Atty Arlene Joan Tanjuaquio-Agustin at Unionbank Private Banking’s grand launch in Manila House BGC in 2019
Atty Arlene Joan Tanjuaquio-Agustin at Unionbank Private Banking’s grand launch in Manila House BGC in 2019
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UnionBank Private Banking caters to the niche wealth management needs of the most discerning set
While it is important to be in touch with the latest investment opportunities to grow one’s assets, it is equally important, if not more so, to sustain and manage them well. Adapting to the evolving needs of the market, particularly of the affluent set, UnionBank enters the world of wealth management with Private Banking, which allows clients to enhance their investment holdings, explore sustainable investments, benefit from a world-class Family Services advisory, and ultimately provides an opportunity to gain promising yields. This service also gives clients direct access to local investments such as Philippine Government Securities, US Treasuries, Corporate Bond Issuances, Common and Preferred Equities, UITFS and Money Market Instruments.
Despite its relatively new foray into the field, given that UnionBank's Private Banking was only set up in 2019, acclaim has been raked in left and right. Among its distinctions include being recognised as the Best Private Bank in the Philippines 2021 and the Best Private Bank for Succession Planning 2021 in The Digital Banker's Global Private Banking Innovation Awards 2021, the Best Domestic Private Bank in the Philippines by the Asian Private Banker Awards for Distinction, and the Best for Wealth Transfer and Succession Planning in the Philippines 2021 by Asiamoney Private Banking Awards 2021.
Having forged the Philippines' first strategic alliance of its kind with Lombard Odier, UnionBank Private Banking embarks on a groundbreaking journey to give clients prime access to global markets, investments, and strategies. Founded over 225 years ago, the Swiss bank brings its international outlook to high-net-worth individuals worldwide and has expanded its presence in the Asia-Pacific since 1987.
Read more: How Asia's Billionaires are Using Their Wealth to Change the World for the Better
At present, Lombard Odier has formed an ecosystem of strategic alliances with six financial institutions in the region. In the Philippines, it is exclusively in partnership with UnionBank Private Banking, reflective of UnionBank's recognition by institutions with high standards in place. "Lombard Odier chooses its Strategic Alliances very carefully and is honoured to be working alongside UnionBank Private Banking," expresses Vincent Magnenat, Limited Partner and Asia CEO of Lombard Odier. "As family businesses with a long and outstanding track record in the wealth management space and a deep commitment to sustainability, we believe Lombard Odier and UnionBank Private Banking complement each other's values, products and service suites, and we look forward to continuing to support UnionBank Private Banking for generations to come." The two companies share the same vision for the future of wealth management, placing great importance on client service, Family Services advisory, and sustainability in the wealth management space.
Above Working closely with the UnionBank Private Banking team is Vincent Magnenat, Limited Partner and Asia CEO of Lombard Odier (Photo: Courtesy of UnionBank)
Above UnionBank Head of Private Banking Atty Arlene Joan Tanjuaquio-Agustin Atty Arlene Joan Tanjuaquio-Agustin leads with fierce passion and an ambitious vision (Photo: Courtesy of UnionBank)
Working closely with the UnionBank Private Banking team is Vincent Magnenat, Limited Partner and Asia CEO of Lombard Odier (Photo: Courtesy of UnionBank)
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This strategic alliance has produced several opportunities and initiatives, including training Relationship Managers to learn the best global financial practices. An open architecture investment philosophy also ensures that clients can invest in best-in-class investment outlets, even though they may not strictly be UnionBank products.
"We at UnionBank Private Banking take pride in our ability to understand and address our clients' complex wealth management needs, especially through tumultuous and uncertain times. We draw on the strength of our strategic alliance with Lombard Odier to provide world-class investment capabilities and expertise to navigate our client's wealth to financial legacy," says Atty Arlene Joan Tanjuaquio-Agustin, head of UnionBank Private Banking. "We aim to disrupt the local wealth management industry with our innovative solutions and world-class advisory. We're just getting started."
Learn more about UnionBank Private Banking here.
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