(Left to right (seated): Joy Jasmin Santos, Head of Trust Banking Group, PNB; Chester Luy, Head of Strategy & Financial Advisory Sector, PNB; Wick Veloso, President & Chief Executive Officer, PNB; Aira Gaspar, President & Chief Executive Officer, MAMTC; Zed Matubis, VP and Head of Wealth Sales, MAMTC. Left to right (standing): Michael Dommermuth, Head of Wealth & Asset Management, Asia, Manulife Asset Management (Hong Kong) Limited; Gianni Fiacco, Head of Emerging Markets & Chief Strategy Officer, WAM Asia, Manulife Asset Management (Hong Kong) Limited; Yvette Marquez-Carlos, AVP, Wealth Sales, MAMTC; Ned Chanco, Senior Manager, Wealth Sales, MAMTC.)
Manila – Manulife Asset Management and Trust Corporation (MAMTC) and Philippine National Bank (PNB) signed a memorandum of agreement that makes the Manulife Asia Pacific REIT Fund of Funds available to PNB clients. The Fund is a unit-paying unit investment trust fund (UITF) that seeks to achieve long-term capital appreciation and generate income by investing primarily in Real Estate Investment Trusts (REITs) in the Asia Pacific region.
“Working with PNB, one of the country’s largest universal banks with nationwide and global presence, brings us closer to our goal of expanding our reach to help more Filipinos achieve their financial aspirations through innovative solutions for managing their wealth,” said Aira Gaspar, President and CEO of MAMTC.
“We seek to continually provide the best customer experience to generations of Filipinos in the Philippines and abroad. This collaboration with MAMTC, the country’s first stand-alone trust corporation backed by a leading multinational financial services group, allows us to provide our customers access to a first-in-class and innovative unit-paying UITF,” said Joy Jasmin Santos, Head, Trust Banking Group, PNB.
MAMTC is part of Manulife Investment Management, the global asset management arm of Manulife, providing comprehensive asset management solutions for investors across a broad range of public and private asset classes, as well as asset allocation solutions. Meanwhile, PNB is one of the country’s largest private universal banks in terms of assets and deposits. PNB provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos.
