U Theim Wai @ Serge Pun (“U Theim Wai”) is a Myanmar national and the Executive Chairman of FMI. In 1983, he founded Serge Pun & Associates Limited in Hong Kong SAR and eventually returned to Myanmar, the country of his birth, to establish SPA in 1991.
In 1992, U Theim Wai established FMI as one of the earliest public companies (unlisted) in Myanmar. In 2006, he led Yoma Strategic to a successful listing on the Mainboard of the SGX-ST. In 2016, he also led FMI to be the first company to list on the YSX. He was also instrumental in listing Memories Group on the Catalist Board of the SGX-ST in 2018.
U Theim Wai is a member of the World Economic Forum’s ASEAN Regional Strategy Group and ASEAN Regional Business Council. He is a standing member of the Chinese People’s Political Consultative Conference of Dalian and a member of the Asia Business Council. He is also the Chair of the International Advisory Board of Singapore Management University for Myanmar as well as the Vice-Chairman and Chief Executive Officer of New Yangon Development Company Limited. U Theim Wai served as an Honorary Business Representative of the International Enterprise Singapore for Myanmar from 2004 to 2006. He is a frequent speaker in international forums on Myanmar and ASEAN Region.
Present Directorships in listed companies (as at 31 Mar 2019)
U Tun Tun has been with the SPA and FMI Group of Companies since 1998. He has been an Executive Director of FMI since 2009, while currently serving as its Chief Operating Officer. He is also a Non-Executive Director of the Memories Group. Overseeing many of the Group’s subsidiaries and joint ventures, he has held various positions at the operational and corporate levels, in both SPA and FMI as well as the wider Yoma Group over the years.
U Tun Tun holds a Master of Business Administration degree from the National University of Singapore. He is also an Associate Member of the Institute of Chartered Secretaries & Administrators (UK).
U Myat Thin Aung is an Non-Independent Non-Executive Vice-Chairman of FMI and is the Chairman of the Remuneration Committee. U Myat Thin Aung joined FMI in 1992. He is the Chairman of AA group of companies and serves as the Patron of Yamethin and Daik-U Associations. U Myat Thin Aung is a member of the Central Executive Committee of the Union of Myanmar Federation of Chamber of Commerce & Industry (“UMFCCI”), and a Patron of Hlaing Thayar Industrial City Management Committee. He is also the Vice Chairman of the Myanmar-China Friendship Association (Central).
U Linn Myaing is a Non-Independent Non-Executive Director of FMI and Special Counsel to the Executive Chairman. U Linn Myaing joined FMI in 2010 and currently leads the Group Government Relations Department. He was appointed as SPA’s Advisor to the Board in 2006. U Linn Myaing is a retired Director General from the Ministry of Foreign Affairs. He served as Myanmar’s Ambassador to several Western countries including France and the United States. He was also an Ambassador and the Head of the Myanmar Mission to the European Union and Permanent Delegate to UNESCO.
U Than Aung is a Non-Independent Non-Executive Director Director of FMI and is a member of the Audit & Risk Management Committee and the Nominating Committee. U Than Aung joined FMI in 1992. He is currently the Managing Director of Yar Pye Company Limited and other family-owned companies. He is also the Vice Chairman of the Pathein Association.
U Kyi Aye has been a Non-Independent Non-Executive Director of FMI since 2015. He is the Chairman of the Audit & Risk Management Committee and a member of the Remuneration Committee. He joined Yoma Bank in 2000 and is now a director of Yoma Bank. He was also a director of Yoma Strategic from 2006 to 2015. He began his banking career in 1960 and joined the Central Bank of Myanmar (“CBM”) in 1965. U Kyi Aye is a retired Governor of the CBM, having held the position between 1992 to 1998. He holds B.Com and B.L degrees from Yangon University and a Diploma in World Banking and Finance from The Economic Institute in Boulder, Colorado, USA. He is a Certified Public Accountant.
Professor Dr. Aung Tun Thet has been an Independent Non-Executive Director of FMI since 2013 and is the Chairman of the Nominating Committee. He is an Advisor to the UMFCCI, as well as a member of the Peace Commission and the Myanmar Investment Commission. Professor Dr. Aung Tun Thet is a Professor Emeritus at Yangon University of Economics, a visiting professor at Payap University, Chiangmai, Thailand and Honorary Professor at University of British Columbia, Vancouver, Canada. He graduated with B.Com. (YGN), Post-Graduate Diploma in Management Studies (Brighton, UK), M.Sc. (Warwick, UK), Ph.D. (Manchester, UK) and is a Post-Doctoral Fellow (Marburg, Germany).
Mr. Fernando Zobel de Ayala has been a Non-Independent Non-Executive Director of FMI since January 2020. He is the President and Chief Operating Officer and part of the seventh generation in the family overseeing Ayala Corporation, one of the largest business groups in the Philippines. Ayala has maintained dominant positions in various industries in the Philippines, including real estate, banking, telecommunications, water, power, industrial technologies, infrastructure, education, and healthcare. It has a growing international presence primarily in industrial technologies, water, power, and real estate in Southeast Asia, China, the US, and Europe.
Mr. Zobel de Ayala is board chairman of Ayala Land and Manila Water Company and sits on the board of various companies in the Ayala group, including the Bank of the Philippine Islands, Globe Telecom, and the Ayala Foundation.
Mr. Zobel de Ayala serves on the Board of INSEAD and Georgetown University, and is a member of the World Presidents’ Organization and the Chief Executives Organization. He chairs the steering committee of Habitat for Humanity International’s Asia Pacific Capital Campaign and co-chairs the TATE Museum Asia Pacific Acquisitions Committee. He also serves on the board of the Asia Society and is a member of the Asia Philanthropy Circle and The Metropolitan Museum International Council.
In the Philippines, he is a board member of Caritas, Pilipinas Shell Corporation, and Pilipinas Shell Foundation.
Mr. Zobel de Ayala holds a liberal arts degree from Harvard College and a CIM from INSEAD, France.
Mr. Jose Teodoro K. Limcaoco was appointed as the Alternate Director to Mr. Fernando Zobel de Ayala in June 2020. He is the Chief Financial Officer, Chief Risk Officer, Chief Sustainability Officer of Ayala Corporation. He is a director of Globe Telecom, Inc., Integrated Micro-Electronics, Inc, and Bank of the Philippine Islands. He is an Independent Director of SSI Group, Inc. He is the President and CEO of AC Ventures Holdings, Inc, Inc. and is a member of the Board of various Ayala group companies including its energy, healthcare and infrastructure subsidiaries. He joined Ayala Corporation as a Managing Director in 1998. Prior to his appointment as CFO in April 2015, he held various responsibilities including President of BPI Family Savings Bank, President of BPI Capital Corporation, Officer-in-Charge for Ayala Life Assurance, Inc. and Ayala Plans, Inc., Trustee and Treasurer of Ayala Foundation, Inc., President of myAyala.com, and CFO of Azalea Technology Investments, Inc.
Mr. Jose Teodoro K. Limcaoco served as the President of the Chamber of Thrift Banks from 2013-2015. He was named as the ING-Finex CFO of the Year in 2017. He has held prior positions with JP Morgan & Co. and with BZW Asia.
Mr. Jose Teodoro K. Limcaoco graduated with a BS Mathematical Sciences (Honors Program) from Stanford University in 1984 and an MBA (Finance and Investment Management) from the Wharton School of the University of Pennsylvania in 1988.