Metropolitan Bank & Trust Co.’s (Metrobank) Financial Markets Sector was recently recognized by Asset and the Bureau of the Treasury for its expertise in trading and for having the largest market share related to trading this year.
At home, the Bureau of the Treasury (BTr) named Metrobank the top market maker for 2023, beating out other government bond dealers (GSED).
The National Treasury cited the Bank’s efforts to help the national government meet its financing needs and to support BTr’s initiatives to improve Filipinos’ access to investment opportunities.
Meanwhile, offshore, Metrobank was recognized for the third straight year with the Top Sell-Side Institution Award for both peso corporate and government bonds in the secondary market at the 2022 Asset Benchmark Research Awards. The bank was also voted Investor’s Choice Top Arranger for Government Bonds.”
The Asset also recognized Metrobank’s top traders in the region’s Best Local Currency Bond Award category. Continuing the bank’s long-standing tradition of excellence and service, the Metrobank Financial Markets Sector has once again proven that its expertise meets industry standards. The honorees were: Metrobank Rates and Credits Division Head Kathryn Abes and Government Securities Trading Department Head David Estacio, who took first and second place, respectively, in the Trading category; Sales Trader Samantha Dayrit and Financial Institutions Sales Head Gabriel Liboro, who placed fourth and fifth in the Sales category, respectively; and Ruben Zamora, head of the Institutional Investors Coverage Division, who placed fourth in the Research category.
The Top Sell-Side Institution award is given to banks that have captured the largest market share for corporate and government bonds in the annual Asian Currency Bond Benchmark Review. Market share is then calculated using a detailed questionnaire filled out by the leading institutional investors. On the other hand, Asset Benchmark Research nominates the top sell-side performers in research, sales and trading for each category, and the winners are based on the number of public votes.
“We always strive to do our best under different market conditions. As financial market activity begins to recover, we make a commitment to our partners, such as the Bureau of the Treasury, and to our retail and corporate clients that we will always strive to make our local markets more liquid, provide relevant products and insights, and ensure we do so The right mechanisms are in place to make it a success,” said Metrobank Senior Executive Vice President and Head of Financial Markets Sector Fernand Antonio Tansingco.