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Philippines Wealth Management Forum 2019 - Highlights - Maria Paz A. Garcia

Maria Paz A. Garcia

Chief Risk & Compliance Officer, Risk Management & Compliance

BPI Asset Management & Trust

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  • 1. What are the challenges and opportunities for the industry?

    Philippines is still a sweet spot for investment. Definitely, we see a lot of growth. Especially with a very young population in the Philippines, we see a lot of income coming from the Millennials. While there's opportunity, there are also a lot of challenges. There are regulatory setbacks that we still have to hurdle. Of course, we also want to be able to leverage on the lack of knowledge and talent that's still prevalent here, we want to be able to form strategic partnerships with other regional counterparts for the purpose of diversification of assets of our clients.