
Theim Wai @ Serge Pun
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 Serge Pun & Associates (Myanmar) Limited (“SPA”) in 1991.
In 1992, U Theim Wai established FMI as one of the earliest (unlisted) public companies 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 be listed 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. 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)
- First Myanmar Investment Public Company Limited.
- Myanmar Thilawa SEZ Holdings Public Co., Ltd.
- Yoma Strategic Holdings Ltd. (Singapore)
- Memories Group Limited (Singapore)
U Theim Wai @ Serge Pun

U Tun Tun
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, and currently serves as the Chief Operating Officer. He is also a Non-Executive Director of the Memories Group and oversees many of the Group’s subsidiaries and joint ventures. He has held various positions at both 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).
Present Directorships in listed companies (as at 31 Mar 2019)
- First Myanmar Investment Public Company Limited.
- Myanmar Thilawa SEZ Holdings Public Co., Ltd.
- Memories Group Limited (Singapore)
U Tun Tun
Chief Operating Officer

U Linn Myaing
U Linn Myaing is a Non-Executive Director of FMI. He is a member of the Remuneration Committee and the Nominating Committee. He joined FMI in 2010 and currently leads the Yoma Group’s 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.
Present Directorships in listed companies (as at 31 Mar 2019)
- First Myanmar Investment Public Company Limited.
U Linn Myaing

U Than Aung
U Than Aung is a Non-Executive Director of FMI. He is a member of the Audit & Risk Management Committee, the Remuneration 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.
Present Directorships in listed companies (as at 31 Mar 2019)
- First Myanmar Investment Public Company Limited.
U Than Aung

Professor Dr. Aung Tun Thet
Prof. Dr. Aung Tun Thet has been an Independent Non-Executive Director of FMI since 2013. He is the Chairman of the Audit & Risk Management Committee and the Nominating Committee. He is an Advisor to the UMFCCI, as well as a member of the Peace Commission and the Myanmar Investment Commission.
Prof. 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 the University of British Columbia, Vancouver, Canada. He graduated with B.Com. (Yangon), Post-Graduate Diploma in Management Studies (Brighton, UK), M.Sc. (Warwick, UK), Ph.D. (Manchester, UK) and is a Post-Doctoral Fellow (Marburg, Germany).
Present Directorships in listed companies (as at 31 Mar 2019)
- First Myanmar Investment Public Company Limited.
- Myanmar Thilawa SEZ Holdings Public Limited
Professor Dr. Aung Tun Thet

U Kyi Aye
U Kyi Aye has been a Non-Executive Director of FMI since 2015. He is the Chairman of the Remuneration Committee and a member of the Audit & Risk Management Committee. He joined Yoma Bank in 2000 and is now a director of Yoma Bank. He served as a director of Yoma Strategic from 2006 to 2015.
U Kyi Aye began his banking career in 1960 and joined the Central Bank of Myanmar (“CBM”) in 1965. He is a retired Governor of the CBM, having held the position from 1992 to 1998. He holds B.Com and LLB degrees from Yangon University and a Diploma in World Banking and Finance from the Economics Institute in Boulder, Colorado, USA. He is a Certified Public Accountant.
Present Directorships in listed companies (as at 31 Mar 2019)
- First Myanmar Investment Public Company Limited.
U Kyi Aye

Mr. Jaime Alfonso Zobel de Ayala
Mr. Jaime Alfonso is the Co-Head of the Strategic Development Division of Ayala Corporation. He also oversees the Business Development, Digital Innovation units of the company.
He is the Chairman of Global Ideas Committee of the Makati Business Club and a member of the Investment Committee of Kickstart Ventures Inc., the corporate venture vehicle of Ayala Group, and 917Ventures, Globe Telecom’s corporate incubation vehicle.
Prior to his role in Ayala Corporation, he was the Head of Fixed-Mobile Convergence (Product Management) and Head of Business Development (Prepaid Division) of Globe Telecom. During his stint in Globe, he led the development and marketing strategy of Globe Switch, the most successful digital app in company history.
Before joining Ayala Group, he was an Analyst at Goldman Sachs Singapore under the Macro Sales Desk (Securities Division).
He graduated at Harvard University, Cambridge, Massachusetts, USA with a Primary Concentration in Government in 2013, and his Masters of Business Administration from Columbia Business School in New York in 2019.
Present Directorships in listed companies (as at 27 February 2023)
- First Myanmar Investment Public Company Limited
- Yoma Strategic Holdings Ltd. (Singapore)
- Globe Telecom, Inc. (Philippines)
- ACEN Corporation (Philippines)
- ACE Enexor, Inc. (Philippines)
- Ayala Land Logistics Holdings Corp (Philippines)
Mr. Jaime Alfonso Zobel de Ayala

Mr. Alberto Macapinlac de Larrazabal
Mr. Alberto Macapinlac de Larrazabal was appointed as the Alternate Director to Mr. Jaime Alfonso Zobel de Ayala. He is the Chief Finance Officer, Chief Risk Officer, and Chief Sustainability Officer of Ayala Corporation.
Mr. de Larrazabal has over two decades of extensive experience as a senior executive in Finance, Business Development, Treasury Operations, Joint Ventures, Mergers and Acquisitions, as well as Investment Banking and Investor Relations.
Prior to joining Ayala Corporation, Mr. de Larrazabal served as Chief Commercial Officer and Chief Finance Officer of Globe Telecom, a business unit of Ayala Corporation. Before he joined Globe Telecom, he held positions such as Vice President and CFO of Marsman Drysdale Corporation, Vice President and Head of the Consumer Sector of JP Morgan, Hong Kong, and Senior Vice President and CFO of San Miguel Corporation.
Present Directorships in listed companies (as at 27 February 2023)
- First Myanmar Investment Public Company Limited
- Integrated Micro- Electronics, Inc. (Philippines)
- ENEX Energy Corporation (Philippines)
- Manila Water Company, Inc. (Philippines)