Ayala-led Bank of the Philippine Islands’ (BPI) wealth management arm, BPI Wealth, announced a record-breaking year with its assets under management (AUM) hitting P1.22 trillion as of December 31, 2023, a remarkable increase of P348 billion, representing 40 percent growth from P875 billion as of December 31, 2022.
“Our exceptional growth in 2023 underscores the fruition of the big, bold, moves we have set when we started the year. Looking ahead, BPI Wealth is on track and poised to sustain our growth momentum in 2024 and beyond. We see our AUM growing at about 15 percent to 20 percent this year, with strong winds behind our sails given buoyant market conditions and a renewed sense of optimism towards economic expansion supported by lower inflation, potential decline in interest rates, and higher investment spending,” noted Maria Theresa Marcial, President and CEO of BPI Wealth.
BPI Wealth’s stellar growth comes on the back of aggressive marketing and acquisition initiatives, and organic growth in 4 key client segments – institutional, high net worth, mass affluent, and retail segments – cementing its position as the largest investment fund manager and the largest standalone trust corporation in the Philippines.
Growth was also bolstered by the increase in bespoke segregated portfolios growing by 54 percent, with over 50 new mandates won, generating P45 billion in new money from institutional business.
True to its parent bank’s vision of a financially inclusive Philippines, BPI Wealth has also rolled out strategic imperatives to allow easier access to investment funds by the broader Filipino population.
