BDO Chosen as Trustee of SSS Balanced Fund in Major Move to Secure Filipinos’ Futures

In a landmark move that reinforces trust and shared responsibility, the Social Security System (SSS) has selected BDO Unibank Inc. as the trustee for its Balanced Fund mandate, an important partnership aimed at securing the financial future of millions of Filipino workers and retirees.

“We are friends by choice and partners by destiny,” said SSS President and CEO Robert Joseph Montes de Claro, quoting Indian Prime Minister Narendra Modi to describe the spirit of the collaboration. “It is always an honor to work with the biggest bank in the Philippines. Entrusting this fund to BDO reflects our confidence in their ability to grow and protect our members’ contributions.”

The newly awarded fund management mandate affirms BDO’s reputation as a trusted leader in institutional fund management, backed by a solid history of responsible stewardship and strategic investment planning.

“This is more than just a mandate, it’s a commitment to the Filipino people,” said Nestor V. Tan, President and CEO of BDO Unibank. “We will manage this fund with prudence, transparency, and integrity. It’s a privilege to support the mission of SSS in providing lasting financial security for our country’s workforce.”

BDO’s extensive experience in fund management, strong governance, and client-first approach make it uniquely positioned to handle complex mandates like this. The bank has long been a reliable partner to both private and public sector institutions, offering tailored investment strategies, digital innovations, and dedicated account teams to consistently deliver results.

This partnership between SSS and BDO highlights a shared vision: to strengthen the financial sustainability of the country’s social protection systems and ensure adequate pension benefits for future generations. By entrusting BDO with this critical role, SSS reaffirms its dedication to long-term stability, pension adequacy, and inclusive economic progress for all Filipinos.