Board of Directors

Chairman Emeritus- Henry Sy, Sr.

Henry Sy, Sr., is the Chairman Emeritus of SM Investments Corp.  He is the founder of the SM Group and is currently Chairman of SM Development and Highlands Prime Inc., among others.  Mr. Sy opened the first ShoeMart store in 1958 and has since evolved into a dynamic group of companies with five lines of businesses - shopping malls, retail, financial services, real estate development and tourism, hotels and conventions.  He is likewise Chairman Emeritus of BDO Universal Bank, Inc., SM Prime Holdings, Inc., and Honorary Chairman of China Banking Corporation.  Read more

Chairman of the Board - Jose T. Sio

Jose T. Sio, is the Chairman of the Board of SMIC.  He is also a Director of China Banking Corporation, Belle Corporation, and Atlas Consolidated Mining and Development Corporation.  Mr. Sio is also Adviser to the Board of Directors of BDO Unibank, Inc. and Premium Leisure Corporation.  Mr. Sio holds a master’s degree in Business Administration from New York University, is a certified public accountant and was formerly a senior partner at Sycip Gorres Velayo & Co. Read more

Vice Chairperson - Teresita T. Sy-Coson

Teresita T. Sy-Coson, is the Vice Chairperson of SMIC. She has varied experiences in retail merchandising, mall development and banking businesses.  A graduate of Assumption College, she was actively involved in Shoemart’s development.  At present, she is the Chairperson of the Board of Directors of BDO Unibank, Inc.  She also holds board positions in several companies within the SM Group. Read more

Vice Chairman - Henry T. Sy, Jr.

Henry T. Sy, Jr., is the Vice Chairman of SMIC and Chairman of SM Prime Holdings, Inc. and SM Development Corporation.  He is also the Vice Chairman – President of Highlands Prime, Inc.  He is likewise the President of National Grid Corporation of the Philippines.  He is responsible for the real estate acquisitions and development activities of the SM Group which include the identification, evaluation and negotiation for potential sites as well as the input of design ideas.  He graduated with a Management degree from De La Salle University. Read more

Director - Harley T. Sy

Harley T. Sy, is a Director of SMIC.  He is also a Director of China Banking Corporation and other companies within the SM Group and Adviser to the Board of Directors of BDO Private Bank.  He is the Vice Chairman of the Retail Group of SM Retail, Inc.  He holds a degree in Bachelor of Science, Major in Finance from De La Salle University. Read more

President - Frederic C. DyBuncio

Frederic C. DyBuncio is the President of SMIC. Prior to joining SMIC, he was a career banker who spent over 20 years with JPMorgan Chase and its predecessor institutions. During his stint in the banking industry, he was assigned to various managerial/executive positions where he gained substantial professional experience in the areas of credit, relationship management and origination, investments banking, capital markets, and general management. He has worked and lived in several major cities including New York, Seoul, Bangkok, Hong Kong and Manila. He obtained his undergraduate degree in Business Management from Ateneo de Manila University, and his master’s degree in Business Administration from the Asian Institute of Management. Read more

Independent Director - Joseph R. Higdon

Joseph R. Higdon, an American, is an Independent Director of SMIC. Until his retirement, he was a Senior Vice-President of Capital Research and Management Company, a United States investment company. He joined Capital Research in 1974 and worked there until 2006. He analyzed Philippine Stocks from 1989 until 2006. He was a US Peace Corps volunteer in the Philippines from 1962 to 1964. He is also an Independent Director of International Container Terminal Services, Inc. and Security Bank Corporation. For six years until 2012, he served as a member of the Advisory Board for the Coca-Cola Bottling Company, Philippines. Read more

Independent Director - Tomasa H. Lipana

Tomasa H. Lipana is an independent director of SMIC.  She is a former Chairperson and Senior Partner of Isla Lipana & Co., the Philippine member firm of PricewaterhouseCoopers.  She is an independent director and Audit Committee Chairperson of various private corporations and a government owned and controlled corporation. She is also a trustee of several non-profit organizations.  She is a fellow of the Institute of Corporate Directors.  Ms. Lipana took up Executive Education/Management Development Programs at Harvard Business School, University of Western Ontario, and Asian Institute of Management.  She received Outstanding CPA in the Public Practice Award from the Philippine Institute of Certified Public Accountants and Outstanding Alumna Award from the University of the East where she graduated Cum Laude.  She was also a CPA Board placer. Read more

Independent Director - Alfredo E. Pascual

Alfredo E. Pascual is an independent director of SMIC.  Mr. Pascual just finished his six-year term as President of the University of the Philippines (UP).  Prior to his involvement in the academe, he worked at the Asian Development Bank (ADB) for nineteen years in such positions as Director for Private Sector Operations, Director for Infrastructure Finance, and Advisor for Public-Private Partnership.  Previous to that, Mr. Pascual held senior executive positions in investment banking companies, such a First Metro Investment Corporation.  He likewise took on an educator role as finance professor at the Asian Institute of Management (AIM) for nine years in the 1980’s. Read more