China Bank Trust Group was recently appointed as trustee of the employees' retirement fund of One Pharma Co., Inc.
At the contract signing were (first row, from left) China Bank’s VP Marisol M. Teodoro and SVP Rene J. Sarmiento, head of Trust Group; One Pharma's Chairman & CEO Danilo R. Olanosa and CFO Restie E. Licyayo; (second row, from left), China Bank’s Jenny Lind M. de Dios, Branch Manager Mario D. Dalangin of China Bank Las Piñas- Manuela, Area Head Mandrake P. Medina; and One Pharma EVP Elaine S. Arellano-Matic.
As trustee, China Bank serves as the fund manager and administrator of One Pharma’s employee retirement fund, dedicated to meet its fiduciary obligations and optimize investment decisions that will benefit the company’s employees.
Established in 1996, One Pharma locally distributes various pharmaceutical products manufactured by Hizon Laboratories, Apotex (Canada’s largest pharmaceutical company), Korea United Pharm, Synmedic Laboratories and PT Indofarma. The company also markets over-the-counter type products of Jamieson of Canada, a leading manufacturer of naturally-sourced vitamins in Canada.
China Bank is one of the country’s leading institutions in trust banking, ranking fifth in the industry in terms of assets managed. Founded in 1920, the Bank has a strong reputation serving individuals and corporations with a wide range of financial and trust services.