From left to right: Gerlie R. Aman, VP, Treasurer & Head of Operations, Manulife Asset Management and Trust Corporation; Aira F. Gaspar, President & Chief Executive Officer, Manulife Asset Management and Trust Corporation; Gamalielh Ariel O. Benavides, SVP, Chief Trust Officer/ Head of Trust Service Group, Bank of Commerce; Amalia Q. Belarmino, VP, Head of Investment and Portfolio Management Department, Bank of Commerce
PHILIPPINES March 11, 2020 – Manulife Asset Management and Trust Corporation (MAMTC) and Bank of Commerce (BankCom) signed a memorandum of agreement that makes MAMTC Unit Investment Trust Funds (UITFs) available to BankCom clients. This agreement will enable BankCom clients to have access to a wide array of onshore and offshore investment strategies, covering fixed income, equities, preferred securities, and Real Estate Investment Trust (REIT) asset classes through MAMTC’s first-in-class UITFs.
“This agreement is aligned with our goal to help more Filipinos achieve their financial aspirations through innovative solutions for managing their wealth. We are delighted to work with Bank of Commerce, one of the country’s most progressive banks that is focused on providing meaningful banking experience to customers,” said Aira Gaspar, President and CEO of Manulife Asset Management and Trust Corporation.
“Bank of Commerce and Manulife Asset Management and Trust Corporation are institutions that are committed to serving the Filipino people. We are very proud to work with a company that shares our value for providing the best service to customers. This will give our customers 2 access to new and innovative ways to grow their wealth,” said Gamalielh Ariel Benavides, Chief Trust Officer, BankCom Trust Services Group.
Manulife Asset Management and Trust Corporation 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, BankCom, an affiliate of San Miguel Corporation, is one of the country’s most progressive commercial banks and offers a wide range of banking products and services including deposit and cash management products, corporate banking, consumer banking, credit card services, e-banking solutions, trade and remittances, treasury and trust services.
Manulife Asset Management and Trust Corporation
Manulife Asset Management and Trust Corporation (MAMTC) is a wholly-owned subsidiary of Manulife Philippines. It provides investment solutions to both retail and institutional clients. MAMTC started its operations in September 2017. It is part of Manulife Investment Management, the global asset management arm of Manulife.
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.
Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had CAD$879 billion (US$677 billion) in assets under management and administration.* Not all offerings are available in all jurisdictions. For additional information, please visit our website at .
* MFC financials. Global Wealth and Asset Management AUMA as of December 31, 2019, was CAD$879 billion and includes CAD$198 billion of assets managed on behalf of other segments and CAD$145 billion of assets under administration.
Bank of Commerce
Bank of Commerce is one of the country’s progressive banks and has been in operation for more than 50 years in the Philippine banking industry. In 2008, Bank of Commerce was strengthened further with the investment of San Miguel Corporation. Together with 140 3 branches and 265 ATMs nationwide, Bank of Commerce is in the business of professional banking by providing innovative banking solutions; and a complete range of products and services in deposit, trust and investment, consumer, treasury and commercial loans.