Union Bank of the Philippines strengthened its position in private wealth management after winning three major honors at the Global Private Banker Innovation Awards 2026, with its programs for next-generation leadership, client experience, and family succession earning international recognition.

The awards highlighted the bank's growing focus on helping affluent families preserve wealth across generations through personalized financial planning, leadership development, and succession strategies.

Wealth management arm

Through UnionBank Private, the bank's wealth management arm for ultra-high-net-worth clients, UnionBank received the Best Next-Generation Offering —Philippines, Best Private Bank for Client Experience — Philippines, and Excellence in Intergenerational Services by a Private Bank awards.

The Global Private Banker Innovation Awards recognize leading private banks and wealth managers worldwide for excellence in client service, innovation, and leadership. The 2026 edition drew its largest and most competitive field yet, with entries from top global banks, wealth managers and family offices.

"We are honored to be recognized for our commitment to helping our clients preserve their wealth for succeeding generations. One of the challenges of managing and preserving multi-generational wealth is the difference in perspectives and priorities," said Gauraw Srivastava, UnionBank head of Wealth Management.

Vital role

"UnionBank Private recognizes the vital role the next generation plays in securing their family's future. We offer tailored solutions that focus on leadership, portfolio construction, business transformation, succession and more, to support their legacy goals," he added.

The bank's NextGen Academy received the Best Next-Generation Offering award for preparing young members of business families to manage and expand their financial legacy through structured leadership and financial education.