The Asset magazine, a leading finance magazine in Asia, has named Emilio Neri Jr., the lead economist of the Bank of the Philippine Islands, as among the “best local currency bond individuals in research 2019”.
The recognition was given during the annual Asian Local Currency Bond Benchmark Review, which forms part of the prestigious Asset Awards and is a first for a Philippine bank.
Neri claimed the top spot in the research segment for the Philippines, besting 600 other nominees for the sell-side individuals who are active in Asian local currency bond markets in 2019.
Sell-side refers to the creation, promotion and sale of stocks, bonds, foreign exchange and other financial instruments.
“For the past few years, we have been gaining considerable outcomes and ranking high, but this is the first time that we actually emerged as the number one in the top sell-side individual in research category as a Philippine bank,” said Neri.
“This achievement would not have been possible without the efforts of the entire research team and the initiatives of the other teams within the Bank. We are again humbled, honored and grateful with the trust and the satisfaction of our clients,” he said.
The Asset conducted a survey among more than 300 investors in the region to nominate the top sell-side individuals in research (analysts and economists/credit strategists), sales and trading. All verified nominations of sell-side individuals were weighted and ranked accordingly.
“We are committed to maintain this good standing, and that leaves us to work more responsibly to achieve the most favorable result and eventually the nod of our clients, investors and the entire nation,” Neri said.
BPI and Neri were also recognized last year as the second-best in the same category during the currency bond benchmark review. BPI is the banking arm of the Ayala Group.
The Asian Local Currency Bond Benchmark Review of The Asset, as stated in its website, “provides a wealth of data on the product needs of investors and the market penetration of the banks that are active in local currency bonds. It provides a detailed analysis on the investors’ buying behavior when selecting their counter-parties, giving unique access into the minds of these investors.”
