PNB Appointed as Trustee for Marlow Navigation Co. Ltd. Employee Retirement Fund

Philippine National Bank (PNB) Trust Banking Head Rafael G. Ayuste, Jr. (center left) and Marlow Navigation Phils., Inc. CEO-Administration Antonio M. Galvez, Jr. (center right) sealed the PNB Employee Enrichment Solutions agreement with a handshake. Also in photo are (from left): PNB Trust Marketing Officer Marigrace Cincochan, PNB Relationship Officer Gabriel C. Salcedo, PNB Business Development Division Head Joy Jasmin Santos, Marlow Navigation Phils., Inc. Accounting Manager Nida Abarquez, Marlow Navigation Phils., Inc. CEO-Operations Captain Leopoldo C. Tenorio, and Marlow Navigation Phils., Inc. Asst. Accounting Manager Jo-anne Vitobina.


Philippine National Bank (PNB) was appointed by leading maritime manning agency, Marlow Navigation Co. Ltd. as fund manager and trustee of its employee retirement fund.

Through the PNB Employee Enrichment Solutions (PNB-EES), Marlow stands to benefit from a highly customized retirement fund handled by seasoned and expert fund managers. The arrangement likewise gives Marlow exclusive access to a wide range of options to further enhance an existing plan to align its employee benefits with its management proposition.

PNB Trust Banking, one of the top 10 trust entities in the industry today, offers some of the best performing unit investment trust funds (UITF) in the market including the recently launched PNB High Dividend Fund, PNB Mabuhay Prestige, a balanced fund, and PNB Enhanced Philippine Index Reference Fund (EPRF) an equity index tracker fund.

PNB provides a full range of trust banking services to corporate, retail, small and medium enterprises (SMEs), and high net worth individuals. Visit www.pnb.com.ph for more information on other PNB Trust products and services or call any PNB Trust Marketing Officer at 526-3670 or 526-3660.