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With a reputation of being a stalwart in the local stock market, Security Bank Corporation’s wholly owned subsidiary, SB Equities Inc. has been recognized by the leading AsiaMoney magazine.
The AsiaMoney Broker's Poll, an influential assessment of equities markets across Asia, has highlighted the expertise of SB Equities in dealing and trading transactions. The bank-owned brokerage house was voted 2nd Best Local Brokerage House in the Philippines in a poll conducted among chief investment officers, senior fund managers, senior investment analysts and wealth management houses in Asia-Pacific, Europe and North America.
"We managed to stay on top of our game and delivered more than what was expected from us, even in the midst of turbulent market conditions," said SB Equities president Warren Sy upon receiving the news. "Through our considerable experience in the field, we were able to execute the best deals for both our retail and institutional clients."
AsiaMoney conducts the annual survey to reveal how the financial service providers fare against each other in the eyes of their clients.
For 2007 alone, the company registered a value turnover of P73.2 billion, 330 percent higher than its P22.2 billion in 2006. SB Equities also placed ninth in the overall ranking among all active stockbrokerages, local and foreign houses combined, in the Philippine Stock Exchange.
The Bureau of Internal Revenue also cited the company as a Top Corporate Tax-payer (Medium Category) for 2007.
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