European ING and Japanese MUFG are about to start up their global hubs in the Philippines, following other banks which already chose it and are fully operating like J.P. Morgan, HSBC, Wells Fargo, among others.
Banks choose the Philippines primarily due to its large English-speaking population.
Another compelling reason is that business process outsourcing (BPO) contributes a great deal to the country’s yearly gross domestic product (GDP), and many foreign companies have set up their operation centers in the Philippines.
Many opportunities in the Financial Services are oversll opened to foreign investors to start up and expand their business. Aside Global Banking, Private Banking and Consumer Lending are probably the most interesting specific topics to focus, considering a remarkable growth of new High-Net-Worth individuals and growing incomes (together with a strong “appetite” as consumers) for large quotas of the domestic population.
Helyos matured a specific expertise to help potential investors and ventures to start their business in the Philippine financial services market, as Advisor or Partner.
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Read more at https://www.philstar.com/business/banking/2018/05/15/1815173/more-foreign-banks-pick-philippines-hub-global-operations#zl5LGtsCHGoQgagh.99u