UCPB bags back-to-back top honors from PMAP and CFA Society Philippines
United Coconut Planters Bank (UCPB) took home backto-back wins in the People Management Association of the Philippines (PMAP) Awards and Chartered Financial Analyst (CFA) Society Philippines’ 2018 Best Managed Fund of the Year Awards.
UCPB emerged as one of the top three employers in the National Capital Region in the PMAP Awards, held during PMAP’s 639th General Membership Meeting on August 29, 2018. This is the first nomination and recognition for UCPB in PMAP Awards’ 42-year history. UCPB was recognized for fulfilling its people management responsibilities, continuously improving its HR processes and programs, and reinforcing HR’s alignment with the Bank’s objectives and employee focus.
Meanwhile, UCPB’s Peso Bond Fund was recently recognized by the CFA Society Philippines as the Best Managed Fund for 2018 under the LongTerm Bond Fund using Pure Fair Value Profit and Loss Valuation (Peso - FVPL) category from among 82 participating funds from 16 investment houses and trust institutions. Given in conjunction with the 2018 Philippine Investment Conference, this award is proof of the Bank’s prudent fund management expertise despite changing market conditions.
“We are honored to receive these awards from PMAP and the CFA Society Philippines. They speak of the successful execution of our strategy as we continue to build on our strengths such as investing in our people and reinforcing areas of our business that directly drive performance and results,” UCPB President and CEO Higinio O. Macadaeg, Jr. said.
CFA’s Best Managed Fund of the Year Awards recognize high-performing funds open to the public, based on their five-year risk-adjusted returns. The PMAP Awards was institutionalized with the vision to recognize outstanding organizations and individuals to help advance the people management profession in the country.
UCPB, which is marking its 55th year, underscores its commitment to build deeper and more personal relationships with its clients and stakeholders. “We reaffirm our commitment to help increase financial inclusion in the country, especially as it relates to boosting and reinventing the customer experience. We look forward to undertaking new challenges to perform better with higher levels of productivity, efficiency and quality for the benefit of our customers,” he added.