Security Bank’s Trust and Asset Management Group (TAMG) has completely adopted an international code of conduct which ensures that its asset managers adhere to ethical principles.
The Asset Manager Code is a voluntary code of conduct set by the Chartered Financial Analyst (CFA) Institute that outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients. The principles and provisions address six broad categories, namely: (1) loyalty to clients, (2) investment process and actions, (3) trading, (4) risk management, compliance, and support, (5) performance reporting and valuation, and (6) disclosures.
“It is the responsibility of asset managers to invest responsibly and with honesty and integrity in the financial markets. A higher ethical standard will boost consumer trust and protect the hard-earned investments of our clients,” explained Security Bank’s President & CEO, Alfonso L. Salcedo, Jr.
The CFA Institute, which launched the Asset Manager Code in 2005, is present in around 150 countries. Since 2016, Security Bank has worked towards adopting the Code in its internal policies and requiring its fund managers to abide by the Code.
“We will support initiatives and policies that uphold the highest professional standards in banking and finance. Trust and confidence are the most valuable assets in our industry,” said Salcedo.
Security Bank’s TAMG is among three asset management firms in the Philippines that have adopted the global standards set forth by the CFA Institute. The Bank’s Unit Investment Trust Funds (UITFs) have been recognized by the CFA Society Philippines as Best Managed Funds. In 2016, the SB Peso Asset Variety Fund won “Best Managed Fund for Balanced Fund Category”. In 2017, the SB Peso Bond Fund was awarded “Best Managed Fund for Peso Long-Term Bond Fund”. Also in 2017, the SB Peso Equity Fund ranked first in terms of highest return among UITFs in the same category.
Nagbigay ng P20.19 milyon na endowment fund ang Philippine Charity Sweepstakes Office (PCSO) sa pitong hospital, ayon kay General Manager Alexander Balutan. Sa P20.19 milyon, P5 milyon ay ibinigay sa Dr. Paulino J. Garcia Memorial Research and Medical Center; P1 milyon sa Camp Aquino Station...