RCBC Wealth named PH’s Best for Succession Planning in Euromoney’s Private Banking Awards 2024

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RIZAL Commercial Banking Corp. (RCBC), one of the country’s leading banks, has been named as the Philippines’ Best for Succession Planning during the Euromoney’s Private Banking Awards 2024.

Through its wealth management group RCBC Wealth and its comprehensive approach to succession planning, it has helped clients navigate the intricacies of preserving their own legacies to ensure a seamless transition for future generations. By prioritizing the long-term financial security of its clients, the bank is able to provide personalized solutions that address key considerations such as asset protection and generational wealth transfer.

Our dedication to delivering comprehensive wealth management solutions, including succession planning, reflects our dedication to safeguarding the long-term financial well-being of our clients. This recognition from Euromoney serves as an affirmation of our pursuit of excellence in addressing the evolving needs of our clientele,” RCBC Wealth Management Group Head Jane Manago said.

RCBC established the wealth management group (RCBC Wealth) in 2007 to address the investment requirements of its high net-worth clients. The group had since evolved and expanded its focus to include the affluent segment, the emerging wealthy and the next-gen. It broadened its services from investment and financial planning, to retirement, succession and estate planning and other services.

From September 2022 to September 2023, RCBC Wealth grew its assets under management (AUMs) by 17 percent and expanded its client base by 18 percent. Its overall income contribution grew by 21 percent compared to the same period last year.

RCBC Wealth currently serves its clients through its five office locations in the country’s major hubs, namely Makati, Binondo, Greenhills, Cebu and Davao.

The Euromoney Private Banking Awards stands as the foremost annual awards program within the global private banking and wealth management sector.

For more than two decades, this program has recognized outstanding private banks across various critical categories, encompassing high to ultra-high net worth services, family office support, succession planning, digital offerings, discretionary portfolio management, sustainability efforts, and beyond.

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