FMIC announces key leadership change

First Metro Investment Corp. (FMIC) on Monday announced a key change in leadership, with the appointment of Mary Mylene Caparas as its new chairperson.

FMIC said Caparas will take charge of  the firm as it seeks to promote the businesses of the First Metro Group while capitalizing on the strength of its parent Metropolitan Bank & Trust Company (Metrobank).

She will succeed Francisco Sebastian, who chairs GT Capital Holdings Inc. and continues to be an active member of the First Metro advisory board.

Prior to her appointment, Caparas served as the vice chairman of First Metro since 2020. She also heads Metrobank’s Institutional Banking Sector.

She also previously served as the managing director and country head of Citibank’s Transaction Services in its Manila Branch, and managing director and regional head of Client Delivery, Treasury, and Trade Solutions in Hong Kong.

“Ms. Caparas’ appointment as our chairman could not have come at a better time,” First Metro President Jose Patricio Dumlao said in an emailed statement.

“Her track record and vast experience in local and international banking coupled with her concurrent position as head of Institutional Banking Sector of Metrobank bode well for First Metro as we strengthen our investment banking business, deepen our synergies within the First Metro Group, and further enhance our collaboration with Metrobank,” he added.—LDF, GMA News