Best for mass affluence/HNW in the Philippines 2022
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AwardsAsia Private Banking Awards

Best for mass affluence/HNW in the Philippines 2022

Security Bank

Leslie Cham, Security Bank.jpg
Leslie Cham, Security Bank
Binky Mirabueno, Security Bank.jpg
Binky Mirabueno, Security Bank

Security Bank’s wealth management division had a remarkable 2021. The firm’s wealth management customer base grew 20%, year on year, to nearly 6,900 customers, while assets under management increased 19%, year on year, to $3.1 billion.

Security Bank’s performance was no aberration. Over the five-year period from 2017 to 2021, the wealth management customer base has jumped 45%, while AUM showed a 46% compounded annual growth rate.

Its performance in 2021 is impressive, given the chaotic global events that unfolded over the course of the year. Neither the US-China trade tensions, Federal Reserve rate hikes in Washington nor the pandemic disruptions of 2020 and 2021 slowed down the bank’s profit strategies.