MANILA, Philippines — UnionBank reaffirms its status as a leading wealth management institution at The Digital Banker’s Global Private Banking Innovation Awards 2023.

Recognized for excellence, UnionBank’s Private Banking Group claimed two prestigious accolades: “Best Private Bank, Philippines” and “Best Private Bank for Succession Planning.”

These honors were presented at a grand awards gala held at Raffles Singapore in June, further solidifying UnionBank’s reputation as a highly trusted and accomplished organization in the field of private banking.

The Global Private Banking Innovation Awards, organized by Global Private Banker and The Digital Banker, identifies, honors, and celebrates the world’s preeminent Private Banks, Family Offices and Wealth Managers that demonstrate elite levels of advisory, unbiased research, bespoke solutions, and their distinguished individuals’ contributions to the industry.

Winners are organizations and industry leaders identified as trailblazers in pushing boundaries and pioneering innovation in the private wealth landscape.

“We share these awards with our clients, our sincerest gratitude for your continued trust and support, and of course, I would like to extend my deepest appreciation to my talented and hardworking team,” UnionBank senior vice president and Private Banking Group head Arlene Joan T. Agustin said, upon accepting the awards.

“This recognition is a testament of UnionBank Private Banking’s unwavering commitment to our clients and a reminder to keep striving for even greater success for Union Bank of the Philippines,” Agustin added.

The Bank has consistently been recognized as of one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and efficiency.

As UnionBank Private Banking Group establishes itself as the go-to local Private Bank for wealth management, family services advisory, and succession planning, it has amassed an impressive collection of honors and accolades since 2020 from local and regional banking-award giving bodies.

The Digital Banker awards are their latest following recognition as “Best for Wealth Transfer/ Succession Planning Philippines” and “Best for Philanthropic Services Philippines” from Asiamoney earlier in 2023.

UnionBank Private Banking seeks to unlock possibilities for its clients by giving them the edge and the power to navigate their wealth towards financial legacy.

On its journey to become a Great Retail Bank, UnionBank is determined to be an enabler of the Philippines’ bid to be a G20 country by 2050.