SyCip Gorres Velayo & Co. (SGV & Co.)

SGV & Co. is currently the Philippines' largest multidisciplinary professional services firm with eight offices across the country. The Firm employs over 4,000 professionals from various disciplines delivering value-added services to over 5,000 esteemed clients. We provide integrated solutions that draw on diverse and deep competencies in assurance, tax, transaction and advisory services. We uphold the highest standards of quality. In fact, SGV & Co. remains the only ISO 9001-certified professional services firm in the Philippines – a distinction we have maintained since 1996.

Our track record has remained unmatched in the region. We have accumulated invaluable resources in our 67 years of operations - highly qualified and competent staff, state-of-the-art facilities and an enviable international network.

SGV & Co. is a member practice of Ernst & Young, a global leader in assurance, tax, transaction and advisory services. Worldwide, its 167,000 people are united by shared values and an unwavering commitment to quality. SGV & Co. and Ernst & Young make a difference by helping our people, clients and wider communities achieve their potential.

  • Our Values
    • • People who demonstrate integrity, respect and teaming
    • • People with energy, enthusiasm and the courage to lead
    • • People who build relationships based on doing the right thing


SGV audits:
» 50 of the top 100 corporations in the Philippines
» 407 of the top 1000 corporations in the Philippines
» 7 of the top 18 universal banks
» 6 of the top 10 regular commercial banks
» 4 of the top 9 savings and mortgage banks
» The top private development bank
» 37 of the top 51 holding companies
» 7 of the top 12 life insurance companies
» 6 of the top 7 non-life insurance companies
» The top credit card company
» The top investment company
» The top 3 landline services providers
» The top 3 mobile telecommunication services providers
» The top 2 television broadcast companies
» The top 3 resort hotels
» 5 of the top 8 fast-food chains
» 7 of the top 14 real estate companies – buying, selling, renting, leasing and operating owned or leased property
» 24 of the top 30 real estate companies – buying, developing, subdividing and selling
» 19 of the top 35 manufacturers of semi-conductor devices and other electronic components
*Source: 2013 Edition of BusinessWorld Top 1000 Corporations in the Philippines

At present, the SGV team is composed of:
» 89 partners
» 4,000 professional staff
» 190,000 people are united Worldwide by shared values and an unwavering commitment to quality

Among professional services firms, we are ranked No. 1 in:
» Audit services
» Tax services

About 150 of the top CPA placers in the last six years joined SGV & Co.

About 200 of our partners and staff have postgraduate degrees, a number from foreign universities, including:
» University of Pennsylvania
» Northwestern
» Harvard
» Columbia
» NYU
» Fordham
» IMD
» INSEAD
» London Business School

About 380 of our staff have been seconded to foreign offices.

We are the first ISO 9001-certified company for Assurance services in the Philippines, and remains the only such company since 1996.

2007 marked the completion of the Washington SyCip Park, a gift from the partners and principals to Mr. SyCip on the occasion of his 88th birthday. It also marked the Firm’s growing focus on sustainability and corporate responsibility, the personal advocacy of Cirilo P. Noel, who succeeded Mr. Balangue as Chairman and Managing Partner of SGV in February 2010.

Mr. Noel believes strongly in the virtue of stewardship. He often emphasized that, as a good corporate citizen, SGV needed to do its part in promoting environmental responsibility, nation-building and personal wellness. In conjunction with global EY initiatives, SGV undertook programs to reduce waste, promote sustainability and encourage staff participation in such projects as Gawad Kalinga Village 88, Earth Hour, the SGV Fun Run and many others.

It was during this period that Ernst & Young also firmed up its global structure, realigning practices across 15 countries, including the Philippines, into a single Far East Area. This would later evolve into the EY Asia-Pacific Area.

Believing deeply in the outstanding capabilities of Filipino professionals, SGV officially established the Asia-Pacific Talent Hub (ATH) in 2010 as a cross-border teaming resource. The ATH not only provides local staff with quality training and international client experiences, it simultaneously provides global EY colleagues and clients access to a greater pool of skilled, world-class talent. In 2011, the ATH grew to a team of 186 professionals servicing over 65,000 clients around the world, including Hong Kong, Singapore, Malaysia and Australia.

In 2011, SGV marked its 65th year anniversary as well as Mr. SyCip’s 90th birthday with a series of events and milestone projects that would further enhance the Firm’s contributions to the country. Stronger than ever with 83 partners, 3,100 staff and over 5,000 clients, the Firm focused on expanding its horizons globally, responsibly and even historically.

Guided by Mr. Noel’s commitment to stewardship, the firm continued to make a difference in the country and its diverse communities through several remarkable projects, many of which were channeled through the SGV Foundation. These include making a donation through the Synergeia foundation to build 90 playgrounds in elementary schools around the country, sponsoring 90 semesters of scholarships for teachers, turning over Gawad Kalinga Village 88 to its new homeowners, building primary school library-classrooms with the AGAPP foundation, sponsoring a fund-raising Fun Run for staff and clients, and hosting a stunning performance of “Crisostomo Ibarra” by Ballet Philippines at the Washington SyCip Park to help promote the arts.

And since stewardship also includes preserving SGV’s legacy, the Firm founded the SGV Museum to serve as a repository for its rich traditions and history over the decades. The facility is located at the penthouse of the Shang Grand Tower on Perea Street. It includes a memorabilia room, a room dedicated to Mr. SyCip, meeting rooms, and interactive modules on SGV’s history and Mr. SyCip’s life. It also serves as a gallery to showcase the SGV Foundation’s collection of fine paintings and artworks.

To accommodate the growing complement of SGV professionals, the firm moved to new and larger offices in Cebu and Davao. In Makati, several teams were also relocated to the nearby iAcademy building and National Life Insurance building. This expansion was yet another testament to SGV’s size and strength as the industry leader in the country.

With the aim of further broadening its ability to provide impeccable service to its clients, the Firm became a member firm of Ernst & Young Global (EY) on 6 June, 2002. This created a powerful synergy between SGV’s well-known culture of integrity, professionalism and excellence and EY’s global network and dynamism, forging a strategic partnership that would champion a two-fold vision and strategy of People and Growth, building on SGV’s forward-looking strategy and strengthening local and international ties. It was at this time that the Firm consolidated its countrywide network into eight branches, servicing key growth sectors in Bacolod, Baguio, Cagayan de Oro, Cavite, Cebu, Davao, General Santos and Makati.

In 2003, the Firm, through the SGV Foundation, launched the Entrepreneur Of The Year Philippines, an ongoing program which seeks to recognize and honor visionary and inspiring Filipino business leaders who promote economic growth and nation-building through entrepreneurship. The global Entrepreneur Of The Year program was first introduced in the United States in 1986 by Ernst & Young. Since then, the program has spread to 140 cities in 50 countries worldwide.

In 2004 Mr. Purisima left SGV to join the Department of Trade and Industry and was succeeded by David L. Balangue as Chairman and Managing Partner. It was during this time that the country’s reporting standards converged with international rules through the adoption of the Philippine financial Reporting Standards (PFRS). Mr. Balangue was a member of the Philippine Interpretations Committee, which aided local companies in the process of implementing PFRS. In the same year, the Alfredo M. Velayo School of Accountancy was founded at the University of Santo Tomas.

In 2006, SGV celebrated its 60th year anniversary with a growing family of 75 partners and nearly 2,000 staff. This number would soon be overshadowed by even more rapid growth and expansion.

Then Chairman and Managing Partner Cesar V. Purisima has said, “There is nothing more difficult to carry out, nothing more doubtful of success or more dangerous to manage, than to initiate a new order of things.” Purisima knew whereof he spoke, as he introduced the concept of market circles and reorganized the Firm under a new structure. But change, in any organization, is inevitable. The only thing left to be done is ensure as smooth a transition as possible, with as little pain as possible. To this end, Purisima created a new committee tasked with making decisions on issues affecting day-to-day operation of the market circles and service lines.

R. Navarro left SGV in 1992 to become Secretary of Trade and Industry under the term of Former President Fidel V. Ramos. Gloria L. Tan Climaco succeeded him to become the first female Chairman and Managing Partner of SGV. During her term, she led SGV in finding new applications for its expertise and challenged innovation from everyone. SGV was successful at offering consulting services in new and challenging areas — complex financial audits, mergers and acquisitions, debt-to-equity swaps, revolving trade facility arrangements, recapitalization, capital structuring, BOT projects, IPOs, asset securitization, privatization, and foreclosure and bankruptcy proceedings. SGV was the first in the industry to provide corporate finance consulting and contract financial management.

The year 1996 marked the Golden Anniversary of the Firm. A milestone for the history of the Firm, the 50th anniversary was punctuated by month-long celebrations – including a grand alumni homecoming – and the release of the “SGV 1946-1996: A Gold Record” book. But what made the event most poignant was the announcement of Washington SyCip’s retirement. After 50 years of nurturing and molding the Firm into the respected and exceptional institution SGV has become, Washington SyCip turned over the reins of managing the Firm to the new breed of SGVeans.

The year 1996 heralded the start of Carlos R. Alindada’s term as Chairman and Managing Partner. This period in the Firm’s history was a witness to economic and political upheavals as the world grappled with the challenges of a New Economy, and as the Asian financial crisis impacted on all sectors and businesses in the region.

The Firm met these challenges head-on. Resilience, consistency and dedication were the elixir of SGV, as the years marched on.

A global firm

Heading into the ’90s, SGV continued to expand its reach and services. The Firm’s scope of practice grew to include the whole range of audit, tax, and consulting services using advanced technologies, methodologies and approaches for all industry groups within a worldwide network of offices, experts, and resources while serving clients on a global scale from a solid Asian base. With technology from AASC, the Manila Advanced Systems Center has been developing software for the major firms in the US and Japan through satellite communications since 1988. SGV has also contributed to the AASC structure by providing in-depth understanding of the firms.

SGV Consulting embarked on a major engagement in Ghana – one of thousands of International Development Projects SGV has undertaken since the early ‘70s throughout Asia and in other regions of the world. SGV also offered its services for investment in Vietnam once again.

Because of SGV’s indomitable leadership, its track record has remained unmatched in the region. It has accumulated various resources in its four-and-a-half decade of operations – competent staff, state-of-the-art facilities, and an international network. The vision of SGV is not only to give value service to its clients but, more importantly, to become a partner in development of the country where it operates. The Arthur Andersen Worldwide Organization shares this vision.

Arthur Andersen & Co., S.C.

In 1982, Rizalino S. Navarro took over as Chairman and Managing Partner of SGV. During his 10-year term he oversaw and guided the Firm through many changes, the most important of which was gaining a global partner.

In 1985, after four decades of regional expansion, The SGV Group member firms in Indonesia, Philippines, Taiwan, and Thailand became members of the Arthur Andersen & Co., Société Coopérative, also known as the Andersen Worldwide Organization (AW). AW was already the world’s largest professional service organization at that time, with operations in roughly 50 countries and a workforce of about 30,000.

“The association with AW was a big strategic step,” Navarro said. “We chose AW because it was the best in IT and we knew that IT would be a critical competitive factor in our profession.”

The relationship between the two organizations was mutually beneficial. The SGV Group served as AW’s link to East Asia while AW afforded SGV access to its highly advanced computer technology and training programs, and to its international network.

In 1986, the Manila Advanced System Center and the Microcomputer Resource Facility were made operational through rapid technology transfer from AASC. Aided by computerization, SGV provided services to over 8,000 clients.

All levels of the organization benefited from intensive training. Formal training and international on-the-job experiences dramatically increased skills and enabled the Firm to deliver outstanding quality service in the field of technology.

Development through technology and linkages

In 1978, the SGV Development Center was inaugurated. It housed an array of modern facilities utilizing an open plan concept for office space. Among its features were a computer center and expanded training and audio-visual facilities. The Center became a popular site for a variety of activities including public seminars and numerous internal training programs for the Firm.

The Center also became the home of the Institute of Advanced Computer Technology (I/ACT) which was established by SGV in affiliation with the Control Data Corporation of the US. I/ACT became one of Asia’s leading organizations in the field of computer training.

Industrialization in most countries in East Asia paved the way for The SGV Group to establish and formulate tie-ups with reputable organizations. These links enabled The Group to enter markets it has not previously tapped. It was in this period that the full range of services (audit, management consultancy, tax advisory) was offered by most of the member firms to their clientele.

By this time, The SGV Group had firmly established itself as a strong regional organization and had acquired a reputation for quality, excellence, and professionalism. It was more than ready to undertake expansion beyond East Asia.

SGV signed a contract with a large corporate group in Saudi Arabia to form SGV-Arabia Ltd. The office offered technical and advisory services. It also assigned staff to finance, accounting, and administrative positions in public and private institutions in the Kingdom.

Although SGV partners had participated in international forums, on an ad hoc basis for 30 years, it was only much later that their presence began to be identified with The SGV Group. Beginning 1977, The SGV Group religiously sent a contingent to periodic conferences of the ASEAN Federation of Accountants, confederation of Asian Pacific Accountants, ASEAN Chamber of Commerce and Industry, and the Pacific Basin Economic Council. SGV maintained a high profile at such gatherings as partners often occupied prominent positions. In 1982, Wash SyCip was elected president of the International Federation of Accountants (IFA). He was IFA’s first Asian president.

To be more responsive to the increasing sophistication of client requirements and the influx of new investments, SGV established its Project Development Services Group.

As the industry base of SGV’s clients widened, the Firm adopted an Industry Specialization Program. The Program was aimed at developing competency in different areas by compiling and disseminating relevant information, setting up specialized training programs and materials, and establishing relationships with leading practitioners from each industry.

Rapid expansion

In 1972, Wash SyCip passed on his responsibilities as Managing Partner of the Philippine member firm to two other partners – Roberto V. Ongpin and Rodolfo B. Jacob – and focused on his task as Chairman of The SGV Group. Each member firm progressed by setting up a consulting practice, establishing more branches, offering a broader range of services, upgrading facilities, and expanding its workforce. During this period, the total number of personnel in the SGV Group reached 2,600 before peaking at 4,000 in 1983. To coordinate and streamline the different services provided to its client base, SGV developed the total team service approach. Major client groups were identified and teams of partners from all divisions developed service plans for each group.

During this period, The SGV Group gained accreditation from the World Bank, the Asian Development Bank, and other similar institutions. The Group’s accreditation may be attributed to its intensive involvement in International Development Projects (IDPs) in non-SGV Group member countries. One such IDP was the South Nyanza Sugar Project in Kenya in 1976.

The SGV Group organized a management consulting practice in Hong Kong, as it tried to gain a strategic position in anticipation of doing businesss in China . The Group also formalized a correspondent relationship with Seoul-based Ahn, Kwon & Co. to service the multinational and local firms operating in the country.

The turn of political events in Vietnam forced SGV-Thuan & Co. to discontinue operations. Mario Gutierrez, partner-in-charge of the Vietnamese office, was one of the expatriates who left Saigon before its fall to the communist regime.

By 1976, the member firms of The SGV Group – located in the Philippines, Taiwan, Thailand, Indonesia, Malaysia, Singapore, Korea and Hong Kong – constituted the biggest network of nationally independent professional firms in East Asia.

Bridges across Asia

Inspired by the success of the tie-up with the Taiwan firm and Mr. SyCip’s concept of a regional organization of Asian professionals, Yukta Na Thalang & Co. – the No. 1 accounting firm in Thailand – became a member firm of the SGV Group in 1967.

Utomo Josodirdjo’s Kantor Akuntan Drs Utomo of Indonesia joined the Group in 1968, enabling the Group to participate in the bustling economic activity in Indonesia.

In 1970, The SGV Group further expanded its reach to include Singapore and Malaysia. The following year, The SGV Group penetrated the Vietnamese market through the establishment of SGV-Thuan & Co., the first auditing firm in the country to apply international standards. Another significant development was the setting up of a Management Service Division in each of the Indonesian, Malaysian, Singaporean, Taiwanese, and Thai member firms. The move was in response to the growing need for consultancy services in the region. Meanwhile, to expand its area of operations, T.N. Soong & Co. established a branch office in Taiwan.

As the number of The SGV Group member firms increased, so did the need for a coordinating office increased. The SGV Group office was put up in Manila to ensure adherence to uniform standards of professional services throughout the network. An Executive Committee, comprised of managing partners of the member firms, formulated regional policies. The office was also tasked to oversee the requirements of the member firms in terms of manpower and facilities.

During this period, The SGV Group undertook its first projects financed by international development institutions. It also embarked on consulting projects for countries without member firm offices.

On the occasion of its 25th anniversary, SGV launched the Professional/Social Involvement Program (PSIP). Through the PSIP, the Firm donated professional services to nonprofit, social and civic-oriented organizations.

Birth of an Asian Multinational

This period marked the birth of The SGV Group. In 1962, through mutual acquaintances, Wash SyCip met with T.N. Soong who owned a public accounting firm in Taiwan. The two gentlemen soon discovered that they had common ideas on the role of accounting firms in economically developing countries. Taking advantage of an economic boom in Taiwan in 1964, T.N. Soong & Co. and SGV joined forces by entering into a technical cooperation agreement.

The firms agreed to subscribe to the same high level of professional and ethical standards, share professional materials, ensure uniform training programs, and consult with one another on matters of mutual benefit to their practices.

SGV continued to expand its local network with the addition of the Iloilo and Iligan offices. Meanwhile, the increase in people and facilities in the Manila office necessitated the Firm’s transfer to a 14-storey building along Ayala Avenue in Makati, the new hub of business and finance in the Philippines.

As SGV continued to expand its practice in the country, it kept abreast of developments in the international professional world. The Firm began correspondent relations with some of the leading firms in the West, among them Arthur Andersen & Co., Ernst & Ernst, Haskins & Sells, and Arthur Young.
Also, in 1966, SGV institutionalized its social responsibility by organizing SGV Foundation (SGVF). To this day, SGVF participates in the upliftment of the industrial and management sciences through financial support and grants for professioral and research chairs, scholarships, and other programs.

Training, excellence, growth

Even as SGV continued to attract the best graduates in every field, it remained actively committed to staff development, encouraging each staff to strive for excellence at all levels. The Firm’s first scholar returned to the country in 1957 and laid down the framework for SGV’s training program. In-house training was organized. Employees from all levels were encouraged to pursue higher studies or take up additional courses to develop their expertise. Scholarships to MBA programs locally and abroad were granted to deserving staff members.

To ensure consistent above-par work performance and maintain client confidence, management standardized its audit procedures and developed a working paper model. To oversee the training of the audit staff and adherence to quality standards, the Firm established the Research and Training Division.

To provide more incentives to its increasing number of employees, the management inked a policy granting an annual health bonus. It also created the Loyalty, Special, and SyCip awards in recognition of noteworthy achievements and length of service.

In 1958, SGV assumed the practice of British firm Fleming & Williamson, which was rated the second largest accounting firm in the Philippines. The Firm expanded further by establishing offices in Bacolod and Davao cities.

Taking the lead

The Firm pioneered the Filipinization of the accounting profession. The first step taken to achieve this end was to work out a merger with Henry Hunter Bayne & Co. (HHB), a firm which started its practice in the country in 1906.

In 1953, Thomas Farnell, a senior partner of HHB, decided to return to his homeland and sell his practice to two Filipino accountants – Arsenio Reyes and Ramon J. Gorres. After a series of negotiations between Wash SyCip and the two distinguished gentlemen, the two firms merged to form the largest accounting firm in the Philippines. From this relationship, SyCip, Gorres, Velayo & Co., the Firm’s current name, was derived.

As the demands of business became more complicated, the need for professionals with world-class capabilities became apparent. To ensure the continued development of its workforce, and to fill the gap between the academe and actual practice, SGV began a manpower development program through training and scholarships.

This five-year period was marked by a growing market for management consultancy services. Realizing the auspicious prospects in this line of work, SGV founded its Management Services Division, the first of its kind in the country. Artemio L. Raymundo, the Firm’s first scholar, together with Cesar E. A. Virata, then a promising new graduate, nurtured the Division in its early stages. Ray focused on finance- and accounting-oriented engagements while Cesar concentrated on management areas such as production and project feasibility studies. The division became known locally and internationally as SGV Consulting.

W. SyCip & Co. established in Manila

The year 1946 marked the beginning of SGV & Co.’s history. At the time when the Filipinos were preoccupied with rebuilding the country after World War II, Washington SyCip, armed with a keen business sense and a vision for this country, opened a one-man accounting firm.

The Philippine accounting profession was then dominated by foreigners, as the country was just starting to rise from the ruins of war. Determined to be the partner of business, Wash practiced unparalleled dedication to the profession and provided the highest quality of service to his clients.

As the number of satisfied clients grew, Alfredo M. Velayo, a boyhood friend with whom Wash shared his dreams, and Vicente O. Jose, an accountant with copious experience in tax work, were taken in as partners in 1947. The new partnership gave birth to SyCip, Velayo, Jose & Co.

Early on, the three partners assumed different functions in the Firm. Wash saw to setting up the long-range policies and plans; Fred oversaw day-to-day operations; and Enteng became the one-man Tax Division.

In the following year, the Firm embarked on its first overseas engagement, heralding the Firm’s forays into several other countries. Working in foreign offices gave staff the chance to hone their skills, competence and experience in dealing with different cultures.

To service more clients outside Manila at a lower cost, the Firm opened its first branch office in the southern city of Cebu. Five years after Wash set up his one-man office, the Firm had grown to 26 people.


THE SGV MANAGEMENT COMMITTEE

Cirilo P. Noel
Chairman and Managing Partner

Vic is a CPA and lawyer. His areas of expertise include international inbound and outbound investments, tax advisory and planning, tax advocacy and litigation. He was for many years the Head of the firm’s Tax division.

He is a current governor of the Management Association of the Philippines, a trustee of Philippine Business for Social Progress (PBSP), a trustee of Philippine Business for Education (PBED), and a member of the Makati Business Club. He is a member of the Ernst & Young (EY) Asia Pacific Advisory Council, the EY Global Advisory Council, and Presiding Partner of the EY ASEAN Partners Forum. He is a former Presiding Partner of the EY Far East Advisory Council. He is currently the President of the Harvard Law Alumni Association of the Philippines, a fellow of the Harvard International Tax Program, and a member of the board of trustees of the Harvard Club of the Philippines. He is also the Chairman and President of the SGV Foundation.

Vic has a Master’s degree in Law from the Harvard Law School. He graduated from the University of the East in Manila with a Bachelor of Science degree in Business Administration and also holds a Bachelor of Laws degree from the Ateneo de Manila University Law School.


J. Carlitos G. Cruz
Vice Chairman and Deputy Managing Partner

Itos has handled audits of Philippine and multinational companies in energy and utilities, oil and gas, and manufacturing. He has also been involved in due diligence, restructuring and IPO engagements.

Itos is a member of the Association of Certified Public Accountants in Public Practice (ACPAPP). He is a member of the Philippines-Thailand Business Council and of the Philippine Institute of Certified Public Accountants. He is also a member of the Management Association of the Philippines, the Makati Business Club, and other business organizations.

He completed the Advanced Management Program of the Harvard Business School. He also attended the Advanced International Program in Oil and Gas Management at the University of Texas at Dallas. He graduated from the University of Santo Tomas in Manila with a Bachelor of Science degree in Commerce, major in Accounting.


Wilson P. Tan
Head, Assurance Services

Wilson heads the firm’s Assurance practice. His audit experience covers industries such as banking, telecommunications, electric power generation and distribution, food manufacturing, and mining.

He is an active member of the EY Asia Pacific Accounting Standards Group. He is a member of the Management Association of the Philippines and the Makati Business Club. He is the firm’s representative to the Philippine Interpretations Committee, which assists the Financial Reporting Standards Council of the Philippines in establishing and improving financial reporting standards in the country.

Wilson has a MBA from the International Institute for Management Development in Lausanne, Switzerland. He graduated summa cum laude from the University of the East in Manila with a Bachelor of Science degree in Business Administration.


Wilfredo U. Villanueva
Head of Tax and General Counsel

Wilfredo U. Villanueva Wilfredo U. Villanueva succeeds Emmanuel C. Alcantara, who has retired as Head of Tax and General Counsel. For the past 24 years, Willie has been providing clients with services in corporate tax planning and advisory with engagements involved in direct and indirect tax, local tax and international taxation issues of transnational investments. His expertise also includes the area of tax advocacy with the Bureau of Internal Revenue and he had represented clients before the Court of Tax Appeals.

Willie is a member of the Integrated Bar of the Philippines. He earned his Bachelor’s degree from the Ateneo de Manila University, and his Bachelor of Laws, class valedictorian and cum laude, from the University of the East College of Law. He has also completed the Advanced Executive Program at the Kellogg School of Management, Northwestern University, Illinois USA.


Winston A. Chan
Head, Advisory Services

Winnie is a CPA, certified information systems manager (CISM), and certified information systems auditor (CISA). He has over 22 years of experience in program/project management advisory and finance transformation advisory (strategic systems planning, business process reengineering and shared services implementation). He has been assigned to various service lines – assurance, IT audit, and consulting and has served as the FEA Champion for IT Effectiveness Services.

He is Co-President of the HBS Club of the Philippines for 2012 to 2014 and a member of the Board of Trustees of the Harvard Club of the Philippines. He is a member of the Management Association of the Philippines.

He completed the Management Development Program of the AIM, and the Advanced Management Program of the Harvard Business School. He also attended the EY/INSEAD Advanced Business Strategy Course at INSEAD Singapore. He graduated with a Bachelor of Science degree in Accountancy from Colegio de San Juan de Letran.


Renato J. Galve
Head, Transaction Advisory Services

Rene does commercial and financial due diligence work (transaction support) and related transaction consulting and advisory services on mergers and acquisitions, including valuations and business modeling. He heads Transaction Advisory Services as a service line while handling audit engagements at the same time.

He is a member of the Rotary Club of Makati, Makati Business Club, and the American Chamber of Commerce. He is also a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Association of Certified Public Accountants in Public Practice (ACPAPP).

Rene has an MBA degree from the University of Washington (Seattle, Washington) where he also attended the Pacific Rim Bankers Program. He graduated cum laude with a BSBA degree from the University of the East and placed second in the 1978 CPA Board Examinations.


Ruben R. Rubio
Head of Core Business Services

Ruben R. Rubio (RRR) takes on the role of Head of Core Business Services with the retirement of Gerard B. Sanvictores, who has been appointed to the Board of Accountancy. He is concurrently Head of the Tax Human Capital sub-service line. Ruben specializes in the review of the compliance of individuals and companies with tax laws, rules and regulations. He also performs the role of Independent Certified Public Accountant before the Court of Tax Appeals. He is a member of the Philippine Institute of Certified Public Accountants and the Australia New Zealand Chamber of Commerce. Ruben earned his degree in Bachelor of Science in Business Administration, major in Accountancy, summa cum laude, from the University of the East. He took his postgraduate studies (Master in Business Management) at the Asian Institute of Management.


Gemilo J. San Pedro
Professional Practice Director and Head, Risk Management

Miles is a partner in Assurance Practice and also serves concurrently as PPD and Q&RM Leader of the Firm. He is experienced at handling the needs of multinational clients, and provides public accounting and business advisory services for the finance, power generation, manufacturing, semiconductor, telecommunications and retail sectors.

He is a co-chair of the Philippine Institute of Certified Public Accountants (PICPA) Ethics Committee and a member of the Auditing and Assurance Standards Council (AASC).

Miles holds an MBA degree, with concentration in finance and international business, from the New York University Graduate School of Business. He graduated with a Bachelor of Science degree in Commerce, Major in Accounting from Rizal Memorial Colleges.


Jessie D. Cabaluna
Leader, Market Group 1 and Partner-in-Charge, Bacolod

Jessie’s areas of specialization are in real estate, construction, infrastructure, hospitality, manufacturing, health care, power generation, power distribution, water utilities, mining, retail and educational institutions. She handles assurance engagements, due diligence reviews, initial public offerings, mergers, acquisitions and many other tasks. She is also the head of the Bacolod branch office.

She is a member of Financial Executive (FINEX), Philippine Institute of Certified Public Accountants (PICPA) and Asia Pacific Real Estate Assoc. (APREA). She received awards as outstanding CPA in public practice, outstanding PICPA member, and has been bestowed honorary life membership of PICPA.

Jessie attended the Advance Management Program at Harvard Business School. She also attended the management development program at AIM. She completed her Bachelor of Science in Commerce, Major in Accounting degree at the University of St. La Salle.


Ramon D. Dizon
Partner, Assurance and Risk Advisory Services and Leader, Market Group 2

Mon is a CPA and a certified management development instructor. He is also a member of the management committee of SGV. He has more than 32 years of experience in assurance and risk advisory services. He is the lead audit partner for many large publicly-listed companies in the Philippines, and entities in business process outsourcing, telecommunications and media, retail, real estate, and financial services. He was the methodology implementation leader for EY’s Global Audit Methodology (GAM) and GAMx in the Philippines. He was seconded to the Chicago office of an international accounting firm and worked with its Center for Professional Education.

Mon is a member of the Philippine Institute of Certified Public Accountants, the Management Association of the Philippines, the Philippine Retail Association, the Business Processing Association of the Philippines, and the Harvard Business School Club.

He has a Master’s degree in Business Management from the Asian Institute of Management in the Philippines. He completed the Advanced Management Program at the Harvard Business School in Boston, USA. He graduated cum laude from the Polytechnic University of the Philippines with a Bachelor in Science degree in Commerce, major in Accounting.


Leonardo J. Matignas, Jr. CPA, CIA, CFE, CRMA
Chief Risk Officer; Head, Risk Services; and Leader, Market Group 3

Leo is a CPA and partner for Advisory Services heading its Risk sub-service line. He is also a certified internal auditor (CIA), certified fraud examiner (CFE), and has a certification in risk management and assurance (CRMA). He pioneered the risk services and fraud investigation services of the Firm and is also its Chief Risk Officer.

Leo is one of the founding members and a past president and of the Association of Certified Fraud Examiners-Philippine Chapter and a past president of the Institute of Internal Auditor Philippines. In 2009, Leo became the first and so far, the only Filipino elected as president of the Asian Confederation of Institute of Internal Auditors (ACIIA). Currently, Leo sits in the Institute of Internal Auditors’ Global Advocacy Committee.

He has a Masters of Management – International degree from the University of Phoenix, Arizona and completed the Management Development Program from the Asian Institute of management. He graduated from San Sebastian College, magna cum laude, with the degree of Bachelor of Science in Commerce major in Accounting.


Ma. Fides A. Balili
Leader, Market Group 4

Daks is a lawyer. In addition to being a Tax partner, she is also the Philippines’ Sub-service Line Head for International Tax Services – Core. Her specialization includes tax work in real estate, construction, infrastructure, power and manufacturing industries, as well as advisory roles in corporate organizations, reorganization, mergers, design and implementation of tax-effective alternatives, VAT planning and many other vital areas.

Daks finished the Management Development program of the Asian Institute of Management. She graduated with a Bachelor of Arts degree, Major in English from St. Scholastica’s College and accomplished her Bachelor of Laws degree from the University of the Philippines.


Vicky Lee-Salas
Leader, Market Group 5

Vicky is a partner in Assurance. She mostly handles the audits of local and multinational banking and other financial institutions such as investment houses, finance companies and stockbrokerage houses. She is also involved in various due diligence review related to mergers and acquisitions and share valuation work.

Vicky is an associate member of the Global Association of Risk Professionals and the Association of Certified Fraud Examiners. She is also a member of the Financial Executives of the Philippines (FINEX).

She majored in Finance for her Master’s degree at the Aisian Institute of Management and attended the Pacific Rim Bankers Program in the University of Washington. She graduated with a Bachelor of Science degree in Business Administration and Accountancy from the Philippine School of Business Administration.


Maria Vivian G. Cruz-Ruiz
Leader, Market Group 6

Vivian has over 20 years of experience in audit and is IFRS-accredited based on EY requirements. She has been a Partner in Assurance since 2001. She has extensive experience in financial audits, agreed-upon procedures, limited-review procedures, and cross-border offerings. She handles some of SGV’s largest audit accounts in the real estate, media and entertainment, services, and manufacturing industries.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

She obtained her Master of Business Administration degree from the University of Western Australia. She graduated cum laude from the University of Santo Tomas in Manila with a Bachelor of Science degree in Commerce, major in Accounting.


Jaime F. Del Rosario
Leader, Market Group 7

Jimmy is a partner in Assurance. He is the Head of the Natural Resource Development Industry and the Firm’s mining and metals industry champion. He has extensive experience in financial assurance services, due diligence reviews, IFRS reporting, initial public offerings, audit of multinational companies and special economic zones, external audit, accounting advisory and consultation, IAS conversion and advisory, regulatory compliance.

He is a member of several mining industry and government associations such as Chamber of Mines of the Philippines (CMPI), Philippine Minerals Exploration Association (PMEA), Philippine Mining Club (PMC), Philippine Maintenance and Safety Environment Association (PMSEA) and Mines and Geosciences Bureau (MGB). He is also the Firm’s representative to the Australian and New Zealand Chamber of Commerce.

Jimmy completed the Management Development Program of the AIM and attended the Strategic Business Leadership Program at INSEAD, Singapore. He graduated with a Bachelor of Science degree in Business Administration, Major in Accounting from the University of the East.


Arnel F. de Jesus
Leader, Market Group 8

Arnel is a CPA and a partner in Assurance. He is experienced in the audit of companies in the insurance, pre-need, mutual funds, health maintenance, BPO, fast-moving consumer goods (FMCG), real estate, telecommunications and technology industries. He has also done due diligence, and review of securities-offering documents.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA) and the British Chamber of Commerce. Arnel leads the Asia-Pacific Talent Hub.

Arnel completed the Management Development Program of the Asian Institute of Management. He placed 15th in the May 1980 CPA Board examinations. He graduated from the University of the Philippines-Diliman with a Bachelor of Science in Business Administration and Accountancy degree.


Click page number to view Partners and Principals list.

THE SGV PARTNERS & PRINCIPALS

Josephine Adrienne A. Abarca
Deputy Head, Accounting Standards Group; Partner, Assurance

Yen’s area of expertise covers accounting and valuation of financial instruments. She is experienced in the audit of banking and financial services industries.

Yen finished her Master in Finance in the London Business School and attended the Pacific Rim Bankers Program of the University of Washington in Seattle. She topped the board examination in 1993 after completing her degree in Business Administration from the University of the Philippines – Tacloban.



Vincent O. Abella
People Leader; Principal, Advisory

Vince is the Principal in the Advisory Practice and People Leader of SGV & Co. His advisory work is in the areas of organization analysis and design, job evaluation and compensation, performance management, change management, workforce planning and learning and development. His selected advisory experience includes companies in the following industries: health insurance, energy and utilities, infrastructure (pipeline and toll ways), semiconductor, manufacturing, consumer products, telecommunications, automotive distributorship, steel manufacturing, food and beverage, real estate and banking and pre-need.

Vince has an MBA degree from the Columbia University Graduate School of Business in New York, USA and a Bachelor of Science degree from the Ateneo de Manila University.



Johnny F. Ang
Partner, Assurance

Johnny is a CPA and a partner in Assurance. He specializes in the areas of telecommunications, manufacturing, and business process outsourcing. Highly knowledgeable in IFRS, SOX 404, US GAAP and the capital markets, he has become a sought-after resource person on these topics and has considerable technical expertise in the audit of telecommunications and reporting on internal controls. Johnny holds an IFRS accreditation based on Ernst & Young requirements and passed Level 1 of the Chartered Financial Analyst Program.

He is a member of SGV’s Accounting Standards Group and EY Asia Pacific IFRS Desk serves as a resource person for business combinations, group accounts and revenue recognition.

Johnny is an honor graduate of San Beda College and placed first in the 2002 CPA Board Examination. He joined the Firm in 2003 and received the SyCip Award in 2007.



Ladislao Z. Avila Jr.
Partner, Assurance

Ladis is an Assurance partner. His areas of specialization are in power generation and distribution, oil and gas, shipping and logistics, hospitality, manufacturing and retail industries. He has been involved in due diligence reviews, initial public offerings and cross border transactions. He has also assisted clients in IFRS reporting and regulatory compliance.

Ladis graduated cum laude from the University of the Philippines with a bachelor’s degree in Business Administration and Accountancy. He placed fourth in the 1985 CPA Board Examination.



Ray Francis C. Balagtas
Partner, Assurance

RCB-img-thumb Ray Francis is an Assurance partner. He obtained his bachelor’s degree in Accountancy, cum laude, from the Pamantasan ng Lungsod ng Maynila in 2001. He also completed the Management Development Program of the Asian Institute of Management (AIM) in 2009. Francis is a Certified Public Accountant (CPA) and joined SGV in 2002.

His clients include banks, investment houses, stock and insurance brokerage firms and mutual funds. Francis is well-versed in standards for financial instruments, bank audits and risk management. He is also involved in Philippine Financial Reporting Standards conversion projects and financial accounting advisory services.



Mariecris N. Barbaso
Partner, Assurance

MNB-img-thumb Mariecris is a partner in Assurance services. She graduated from the Pamantasan ng Lungsod ng Maynila in 1998 with a degree in Accountancy, cum laude. She completed the Executive Development Program of the Kellogg School of Management – Northwestern University, USA in 2013. Mariecris has been with SGV for over 10 years; she is both a CPA and a Certified Internal Auditor (CIA).

Her specialization is in the audit of clients from the telecommunications, business process outsourcing (BPO), media and entertainment, and quick-service restaurant industries. She has performed audits for affiliates of the Firm’s clients in the USA and Canada. Mariecris has extensive experience in SOX 404 Compliance Audits.



Belinda T. Beng Hui
Partner, Assurance

Bibi is a CPA and a partner in Assurance. She has significant experience in servicing clients primarily engaged in retail, investment holding, services and hospitality industries. She is also the Country Independence Leader for SGV. A key player in Risk Management, Bibi raises consciousness and discipline for Risk Management policies, processes, methodologies and initiatives.

Bibi graduated cum laude from the University of the Philippines with a degree of Business Administration and Accountancy.



Ana Lea C. Bergado
Partner, Assurance

Ana Lea is a CPA and a seasoned auditor to clients in the manufacturing, insurance and service industries. She has also worked and trained in San Francisco, USA.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

Ana Lea graduated magna cum laude from the University of San Carlos with a Bachelor of Science in Accountancy degree.



Warren R. Bituin
Chief Information Officer; Partner, IT Risk and Assurance

Warren is a CPA, Certified Information Systems Auditor, Certified Information Security Manager, Certified Information System Security Professional and Certified in Risk and Information Controls. He specializes in information security management, IT risk management, application risks and controls review, IT infrastructure risk and controls assessment, service organization controls reporting, and financial audit IT integration. He handles clients in government, as well as companies in the financial services, media, utilities, power, telecommunication, healthcare, business process outsourcing, retail and mining industries.

Warren is a former President of the ISACA Manila Chapter.

He completed the Management Development Program of the Asian Institute of Management and graduated with a Bachelor of Science in Business Administration and Accountancy degree from the University of the Philippines-Diliman.



Joseph Ian M. Canlas
Partner, Advisory

JMC-img-thumb Ian is an Advisory Partner and a recognized specialist in enterprise risk management, internal audit, corporate governance, SOX/JSOX, internal controls review and risk remediation. His clients include companies in consumer products, media and entertainment, food and beverage, manufacturing, business process outsourcing and technology. He was also the deputy ASEAN Advisory Quality & Risk Management Leader from 2009 – 2011.

Ian is a member of The Institute of Internal Auditors Philippines and the Philippine Institute of of Certified Public Accountants. He was previously one of the Board of Trustees of the Association of Certified Fraud Examiners Philippines Chapter.

Ian graduated cum laude from the University of Santo Tomas in 1996 with a degree in Accountancy. He is a Certified Public Accountant (CPA), a Certified Internal Auditor, a Certified Fraud Examiner, an Accredited Internal Audit Quality Assessor, and has a certification in Risk Management Assurance. He attended the Executive Development Program of the Wharton School, University of Pennsylvania in 2013.



Mary Ann C. Capuchino
Partner, Tax

Me-Ann is a CPA and a Tax partner. She performs tax compliance reviews, tax due diligence reviews, independent CPA verification services, tax planning and tax outsourcing work for clients in varied industries such as insurance, pre-need, real estate and construction, services, airlines, manufacturing, call center, BPOs, and power, among others.

Me-Ann completed her degree in Commerce, major in Accounting, magna cum laude, at the Colegio de San Juan de Letran, Manila.



Kristopher S. Catalan
Partner, Assurance

KSC-img-thumb Kristopher is an Assurance partner. A CPA, he graduated from the Holy Angel University with bachelor’s degrees in Accountancy, cum laude, in 2003, and in Business Administration major in Finance and Management Accounting, cum laude, in 2002. He completed the Executive Development Program of the Kellogg School of Management-Northwestern University, USA in 2014. KC joined the Firm in 2004.

Among KC’s clients are the largest companies in the consumer products, technology, asset management, air transportation, agricultural businesses, industrial goods, construction and real estate industries. He is a member of the Firm’s Capital Markets Center and the Accounting Standards Group (ASG). KC is highly knowledgeable in Revenue Recognition, Business Combinations and Leases. He is also a frequent resource person in training on International Financial Reporting Standards (IFRS) and Assurance.



Bernadette T. Cauan
Managing Director, Transaction Advisory Services

Dinty is a CPA and has performed due diligence and financial advisory services for both sellers and buyers of distressed assets, specifically portfolios of non-performing assets. She is experienced in debt restructuring, credit analysis and valuations.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

Dinty earned her Master in Business Management from the Asian Institute of Management. She holds Bachelor of Science in Commerce, major in Accounting and Bachelor of Arts, major in Economics degrees from the De La Salle University.



Leovina Mae Villa-Chu
Partner, Assurance

Mae is a CPA and a partner in Assurance. She handles audit engagements of companies in the power, hospitality, manufacturing and shipping industries, in addition to providing Assurance services for our clients in Cebu. An audit quality and GAMx champion, she was seconded to the EY office in San Jose, California in 2004.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Association of Certified Public Accountants in Public Practice (ACPAPP).

Mae completed the Management Development Program of the Asian Institute of Management in 2009. She graduated magna cum laude from the University of the Philippines-Visayas in 1999.



Ryan Gilbert K. Chua
Partner, Advisory

RKC-img-thumb Ryan Gilbert is an Advisory partner. He graduated with a degree in Accountancy, cum laude, from the Far Eastern University in 2004. He placed 4th in the 2004 CPA Board Examinations and joined SGV in the same year. Ryan placed 1st worldwide in the 2007 CIA Examinations. He recently completed the Executive Development Program of the Kellogg School of Management in Northwestern University, USA.

Ryan specializes in Information Technology (IT) audit and advisory engagements covering IT general controls, business process and application controls, SOX 404 controls for clients in the BPO, telecommunications, oil and gas, power and utilities and gaming industries. He is a Service Organization Controls Reporting Champion in the Philippines and is adept at performing Statement on Standards for Attestation Engagements No. 16 (SSAE 16)/ International Standards for Assurance Engagements (ISAE) No. 3402 (ISAE 3402) reviews. He is also the ASEAN Advisory Quality Practice Representative for SGV.



Lucy L. Chan
Deputy Professional Practice Director; Partner, Assurance

Lucy performs regular audit across various industries such as insurance and pre-need, telecommunications and real estate industries. She is also involved with due diligence reviews and bond offerings.

Lucy has been awarded the Philippine Institute of Certified Public Accountants (PICPA) Young Achiever in Public Practice.

She completed her Master’s degree at the Asian Institute of Management and graduated magna cum laude from the University of the Philippines for her Bachelor’s degree.



Romulo S. Danao, Jr.
Partner, Tax Services Head, Transfer Pricing Group

Rommie is a CPA and a lawyer. He is the head of the transfer pricing practice of SGV’s Tax Services division. He has over 19 years of experience in providing various tax services to local and multinational companies and over 13 years local and overseas experience in various aspects of transfer pricing. He assists clients engaged in different industries in developing, documenting and implementing transfer pricing policies and represents clients before the local tax authority on tax and transfer pricing controversies.

Rommie is a fellow of the Tax Institute of Australia. He is a member of the Integrated Bar of the Philippines and the Philippine Institute of Certified Public Accountants (PICPA). He is also a registered Barrister and Solicitor in Victoria, Australia.

Rommie earned his Master of Laws degree (Taxation Focus) from the University of Sydney and his Bachelor of Laws degree from the Ateneo de Manila University. He also completed his Continuing Law Education at the University of Melbourne. He graduated from the University of Santo Tomas with a Bachelor’s degree in Accounting.



Aaron C. Escartin
Partner, Tax

Ace is a CPA and a partner in SGV’s Tax Reporting and Operations Group. He handles tax compliance (review and outsourcing), tax due diligence review, tax planning, tax test of controls, SOX compliance, tax accounting services (income tax provisioning, deferred income tax review and calculation, and FIN 48 review and calculation), compensation planning, litigation support, contract reviews, and special tax studies (preparation of tax manuals), among others. He has served clients in the power, water and electric utility, broadcasting, telecommunications, semiconductors, manufacturing, trading, hospitality, business process outsourcing, and professional or consultancy services industries, among others.

He is the Vice President of the Professional Development, Southern Metro Manila Chapter of the Philippine Institute of Certified Public Accountants (PICPA).

Ace has an MBA degree with Distinction from DLSU. He graduated cum laude from the University of the Philippines–Visayas and placed sixth in the CPA board examinations.

THE SGV PARTNERS & PRINCIPALS

Josephine H. Estomo
Partner, Assurance

Jo is a CPA. She has done audit and financial due diligence reviews for some of the largest companies in the Philippines. She has extensive experience in various industries including airline and allied services, real estate, manufacturing (food and beverage, liquor, ceramic tiles), semiconductors, health care services, pharmaceuticals, coconut oil milling, telecommunications, education, oil and gas, mining, hospitals and advertising. She is also knowledgeable on business combinations.

Jo is a member of the Philippine Institute of Certified Public Accountants (PICPA).

She completed the Management Development Program of the Asian Institute of Management and graduated from the University of the Philippines-Diliman with a Bachelor of Science in Business Administration and Accountancy degree.



Editha Viray-Estacio
Partner, Assurance

Edith is a partner in Assurance. She specializes in the areas of media and entertainment, manufacturing and business process outsourcing and has extensive experience in the telecommunications and power distribution industries. Her core competencies include Philippine Accounting Standard (PAS) 36, Impairment of Assets, and Philippine Financial Reporting Standard (PFRS) 3, Business Combinations. Edith also has experience on buy-side financial due diligence, business valuations and PAS 36 and PFRS 3 valuations review.

Edith earned her Master’s Degree in Business Management from the Asian Institute of Management and attended the Marshall School of Business at the University of Southern California in 2001. She graduated cum laude from the University of the Philippines in Diliman with a degree in Business Administration and Accountancy and placed 13th in the 1994 CPA board examinations.



Rossana A. Fajardo
Head, IT Risk and Assurance; Partner, Advisory

Rossana heads the Information Technology Risk and Assurance sub-service line. She is a Certified Information Systems Auditor (CISA), a Certified Information Systems Manager (CISM), a Certified Fraud Examiner (CFE) and Certified in Risk and Information Systems Controls (CRISC). She is the Philippines Product Leader for ERP Applications Review and Service Organization Reporting (SOR) and is a member of our Telecommunications and Business Process Outsourcing (BPO) Industry team. She is experienced in IT infrastructure controls, technical security reviews, and application system reviews for diverse industries. She heads our Information and Management Analytics Services Center.

Rossana is affiliated with various organizations including the Philippine Institute of Certified Public Accountants (PICPA), the Information Systems Audit and Control Association, the Association of Certified Fraud Examiners and the Institute of Internal Auditors.

Rossana completed the Ernst & Young Kellogg Account Leadership Program conducted by the Kellogg School of Management, Northwestern University in Illinois, USA in November 2011. She completed the eMBA Program of the Asian Institute of Management as an SGV scholar In May 2001. She graduated cum laude from the University of St. La Salle in Bacolod with a degree in Accounting.



Luis Jose P. Ferrer
Partner, Tax

Louie is a CPA and a lawyer. He has done tax advisory services on national and local tax matters. He has represented clients before the BIR, Department of Finance, Board of Investments, Philippine Economic Zone Authority, local government units, and other agencies. As tax and corporate counsel of the National Power Corporation, he was responsible for: (1) negotiation, documentation, drafting, and review of government contracts; and (2) restructuring of the Philippine electric power industry and privatization of the National Power Corporation. As Court Attorney in the Court of Tax Appeals, he was exposed to tax and customs cases. As Team Leader of BIR Special Investigation Teams, he gained experience in BIR investigations and withholding tax audit.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA), Integrated Bar of the Philippines, Philippine Chamber of Commerce and Industry – Tax Committee and Tax Management Association of the Philippines.

Louie earned his Bachelor of Laws degree from the University of the Philippines–Diliman and he graduated with a Bachelor of Science in Business Administration and Accountancy degree from the same university.



Djole S. Garcia
Partner, Assurance

Djole is a CPA and a partner in Assurance. Her expertise is in the audit of companies in consumer products, insurance, manufacturing and shared service centers. She is a member of the Accounting Standards Group and is one of the subject matter resources for insurance. She is also accredited by the Insurance Commission to audit and sign on insurance companies’ financial statements. She represented Asia Pacific Assurance in the Global Engagement Economics project and was the ASEAN overall coordinator in FY2011 for the Performance Improvement Initiative for Asia Pacific.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Association of Certified Public Accountants in Public Practice (ACPAPP).

Djole earned her Master’s degree in Management from the Asian Institute of Management in 2008 and graduated from the University of St. La Salle in 1998.



Jhoanna Feliza C. Go
Partner, Assurance

JCG-img-thumb Jhoanna is an Assurance Partner. She handles the audit of companies in the power and utilities industry. She is also knowledgeable in International Financial Reporting Standards, US Generally Accepted Accounting Principles and capital raising transactions.

Jhoanna graduated magna cum laude from UST in 2003 with a degree in Accountancy. She placed first in the CPA board examinations in 2005 and joined SGV in the same year. She also attended the Columbia Business School Essentials of Management Program at Columbia University, USA in 2013.



Martin C. Guantes
Partner, Assurance

Martin is a CPA. He is experienced in financial assurance services for the electric utilities, power generation, geothermal energy, manufacturing, real estate and construction, semiconductor and electronics, food and beverage, crewing, airline transportation, oil and gas and mining industries. He has also performed financial due diligence reviews.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Association of Certified Public Accountants in Public Practice (ACPAPP).

He earned his Master in Business Management degree from the Asian Institute of Management. He graduated cum laude from the University of the Philippines–Diliman with a Bachelor of Science in Business Administration and Accountancy degree. He placed 20th in the October 1992 CPA Board examinations.



Christian G. Lauron
Partner, Financial Services Risk Management

Ian‘s area of focus is on capital management, BASEL II, risk management and quantitative advisory services for financial institutions, among others. He currently provides assurance services to banks, mutual funds and other financial institutions and performs business process, strategic planning and financial plan reviews.

Ian is an outstanding member of the Philippine Institute of Certified Public Accountants and has been awarded outstanding CPA in Public Practice.

He is a Freeman Foundation Scholar and completed his Masters degree with top honors at the Asian Institute of Management.



Eleanore A. Layug
Partner, Assurance

Len is a CPA and a Certified Internal Auditor. Her industry specialization is mining and metals and oil and gas. She has also worked on engagements in manufacturing, stockbrokerage, power generation, automotive and telecommunications. In 2004, Len was seconded to EY Houston under the Resource Sharing Program. In 2010, she was taken in by EY Cleveland as a Subject Matter Resource within the Global Client Service Enablement Center.

Len completed the Management Development Program of the Asian Institute of Management in 2009. She graduated from the University of the Philippines–Diliman in 1998.



Alicia O. Lu
Partner, Assurance

Alice is a partner in Assurance. Her audit experience includes clients in industries such as agriculture (banana plantations), wood and paper industries, real estate, banking and lending institutions, fishing, schools and hospitals. Before her transfer to SGV Makati in mid 2010, she headed the SGV Davao and General Santos branch offices where she had extensive participation in the audit of major agricultural companies in Davao and other multinational companies in the Mindanao area. She currently handles companies under the Mining Industry, as well as manufacturing, retail, school, holding companies and shipping companies. She was also tasked to handle the Oil and Gas Industry.

Alice completed the Management Development program of the Asian Institute of Management. She also worked and trained in Boston and Chicago, USA. She graduated magna cum laude from the Ateneo de Davao.



Catherine E. Lopez
Partner, Assurance

Cathy is a CPA. Her audit experience covers companies in the consumer products, air transportation, food service, manufacturing (food and beverage, cement, chemicals, steel, automotive and automotive parts and accessories), retail, education, radio broadcasting, information technology service, power, professional services and business process outsourcing industries. She has also been involved in the development and testing of proprietary audit methodologies and computer-based tools.

She is a member of the Philippine Institute of Certified Public Accountants.

Cathy graduated cum laude from the University of the Philippines-Diliman with a Bachelor of Science in Business Administration and Accountancy degree.



Joselito E. Lopez
Partner, Advisory

Joselito is a partner in Advisory services specializing in business risk services that include strategic risk services, internal audit services, business process reviews, fraud and investigation services, and operations review services. He facilitates and manages several strategic risk assessment sessions with external audit clients in the following industries: government and public sector, electric utilities, water utilities, telecommunications, real estate, pharmaceuticals, manufacturing, oil, and holding companies.

He is a member of Philippine Institute of Certified Public Accountants, Institute of Internal Auditors and Association of Certified Fraud Examiners

Joselito graduated from San Sebastian College with a Bachelor of Science in Commerce degree.



Roel E. Lucas
Partner, Assurance

Roel is a partner in Assurance. He has extensive experience in audit engagements for telecommunications, retail, business process outsourcing and power distribution companies. Roel is a subject matter resource in Sarbanes-Oxley 404 audit and on a variety of complex matters including consolidation accounting, business combination and revenue recognition. He is a member of the EY Asia Pacific Assurance Enablement Team and Audit Quality Team.

Roel graduated from the University of Mindanao with a degree in Accountancy in 1996 and placed 19th in the CPA Board examinations.



Francisco Roque A. Lumbres
Partner, Financial Services Risk Management

Francis is a CPA. He specializes in the areas of banking, risk management, valuation of financial instruments, International Accounting Standard (IAS) 32 and 39 and International Financial Reporting Standard (IFRS) 7, 9 and 13, investment analysis, and audits of banks and other financial institutions. He is a CFA charter holder (awarded by the CFA Institute) and has been bestowed the Professional Risk Manager (PRM) designation by the Professional Risk Managers’ International Association (PRMIA).

Francis holds a Masters degree in Business Administration from the University of the Philippines. He graduated from San Beda College with a Bachelor of Science degree in Commerce major in Accounting.



Aris C. Malantic
Partner, Assurance

Aris is an Assurance partner. His experience include providing assurance services to local and multinational banks and other financial institutions, manufacturing and trading firms, healthcare and health maintenance organizations and educational institutions. He is also involved in due diligence work for mergers and acquisitions, post-closing completion audits, issuances of comfort letters for fund raising exercises and IFRS implementations. He has conducted various seminars for clients and regulators covering accounting standards and banking related topics.

Aris is a Certified Public Accountant and is a member of the Philippines Institute of Certified Public Accountants.

He completed his Master in Business Management, major in Finance, degree at the Asian Institute of Management. He also attended the Pacific Rim Bankers Program of the University of Washington in Seattle. He graduated with a degree in Commerce, major in Accounting at the University of Santo Tomas.



Clairma T. Mangangey
Partner, Assurance

Clair is a CPA and a partner in Assurance. She has extensive experience in providing assurance services to listed companies and multinational corporations, with exposure to various industries including broadcasting, utilities, retail, wholesale, business process outsourcing, manufacturing, trading, oil and gas and non-stock, not-for-profit organizations. She possesses deep knowledge in the Global Audit Methodology and the International Standards on Auditing, and has extensive exposure in group audits of conglomerates with overseas operations. She specializes in the application of accounting and auditing standards and regulatory requirements. She is the Area Methodology Implementation Leader for Asia Pacific (APac) and a member of the APac Enablement Group. She is also the Climate Change and Sustainability Services Partner in the Philippines.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

Clair graduated cum laude from the Saint Louis University in Baguio with a degree in Commerce – Accounting.



Reynante M. Marcelo
Partner, Tax

Rey is a CPA–Lawyer and a partner in Tax. His experience covers transfer pricing advisory engagements and business tax advisory services. From 2003 to 2004, he worked in Ernst & Young New York for the Philippine Tax Desk of the International Tax Services.

He is a member of the Integrated Bar of the Philippines.

Rey attended the Management Development Program of the Asian Institute of Management. He obtained his Law degree from San Beda College in 1994. He earned his Accountancy degree from the Philippine School of Business Administration in 1989.



Julie Christine O. Mateo
Partner, Assurance

Julie is a CPA. She is experienced in external audit and due diligence and review. She has audited clients in the retail, manufacturing, consumer products, real estate, airline, business process outsourcing and health care industries, as well as educational institutions and nonprofit organizations.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

She earned her Master in Business Management degree from the Asian Institute of Management. She graduated cum laude from the University of Santo Tomas with a Bachelor of Science in Commerce degree, major in Accounting.



Josenilo G. Mendoza
Partner, Tax

JGM-img-thumb Josenilo is a Tax partner. He graduated with a degree in Business Administration and Accountancy, magna cum laude, from the University of the Philippines – Diliman in 2002. He also obtained his Master in Management, with distinction, from the AIM in 2012. He placed 15th in the 2003 CPA Board Examinations and joined SGV in the same year.

Nilo is experienced in providing diverse tax and audit support services, including tax compliance reviews, tax due diligence, tax return preparation and filing, tax accounting and provisioning advisory, tax planning and restructuring for clients in the manufacturing, semiconductor, mining, logistics, power, utilities, real estate and other sectors. He is also actively involved in the Firm’s internal and external training programs on tax-related subjects.



Marydith C. Miguel
Partner, Assurance

Dolly is a partner in Assurance with many years of experience in audit and is IFRS-accredited based on EY requirements. She has extensive experience in financial audits, agreed-upon procedures, limited-review procedures, due diligence reviews, and cross-border and local equity offerings. She has worked with companies engaged in telecommunications, real estate, investment holdings, tollways, car assembly, food retailing, and entertainment, as well as airlines, hospitals, schools, and nonstick, nonprofit organizations. She also has deep experience in the review of internal controls over financial reporting.

She was a National Board member of the Philippine Institute of Certified Public Accountants (PICPA) for 2008-2010, and served as President of the PICPA Western Manila Chapter in 2006-2007.

She was an SGV scholar at the Asian Institute of Management, where she obtained a Master in Management degree in 1996. She graduated cum laude from the University of the East in Manila with a Bachelor of Science degree in Business Administration, major in Accounting.



Czarina R. Miranda
Partner, Tax Reporting and Operations Group

Czarina conducts transaction tax and due diligence reviews involving corporate acquisitions, reorganizations and mergers. She also handles business and individual tax compliance and provides tax accounting and risk advisory services. Czarina is involved in the review of Philippine Accounting Standards (PAS) and Philippine Financial Reporting Standards (PFRS) and their implications on existing tax laws, rules and regulations. She is highly experienced in various industries particularly banking and capital markets, pre-need and insurance, telecommunications, service and manufacturing. She is a member of the PICPA.

THE SGV PARTNERS & PRINCIPALS

Manolito Q. Montes
Partner, Assurance

Lito is a CPA and a partner in Assurance. He specializes in the audit of logistics and freight forwarding companies, warehousing and storage operations, educational institutions and companies in the commercial services, PEZA-registered manufacturing companies, hospitals, restaurants, car dealerships, and real estate companies, among others.

He is a member of the Rotary Club of Paseo de Roxas, the Philippine Institute of Certified Public Accountants (PICPA) and the Alumni Association of the Asian Institute of Management (AIM).

Lito has completed the Management Development Program of the AIM. He graduated with a Bachelor’s degree in Business Administration and Accountancy — cum laude from the St. Paul’s University Tuguegarao.



Janeth T. Nunez
Partner, Assurance

Janeth is a CPA and a partner in Assurance, specializing in due diligence work related to mergers and acquisitions, issuance of comfort letters related to bonds and stock offerings and IFRS implementations. She has participated in audit engagements in the financial services industry such as banks, financing companies, investment houses and brokers. Janeth has conducted trainings and is a resource speaker for various public and in-house accounting seminars for clients and associations.

Janeth holds a Masters degree in Business Management, major in Finance from the Asian Institute of Management and attended the Pacific Rim Banker’s Program of the University of Washington Business School in Seattle. She graduated with a Bachelor of Science degree in Accountancy from Bicol University. She placed fourth in the CPA Board Examinations in 1996.



Allan W. Ocho
Partner, IT Risk and Assurance

Allan is a CPA, Certified Information Systems Auditor, Certified Information Security Manager, Certified in Risk and Information Systems Control, ITIL v3 Certified and ISO27001 Lead Auditor. He leads IT audit and advisory engagements with focus on financial audit IT integration, application controls and security, service organization controls reporting, project risk management and data analytics. His clients include companies in the airline, banking, telecommunications, education, retail and manufacturing industries.

He is one of the Board of Trustees and the Vice President of the ISACA Manila Chapter, a professional organization for IT security, assurance and governance professionals. He is also a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Project Management Institute.

Allan earned his Master in Business Administration degree from the Asian Institute of Management. He graduated magna cum laude from Holy Name University with a Bachelor of Science in Accountancy degree. He placed 13th in the October 1996 CPA Board examinations.



Irene Janet Alvarado-Paraiso
Partner, Assurance

Janet is a CPA and a partner in Assurance. As the Philippine Capital Markets leader, she specializes in capital market transactions and assists teams in cross border securities offerings. Janet was sent on an 18-month stint with the Capital Markets Centre in Ernst & Young Melbourne. There, she handled Australian clients in retail and industrial businesses, biotechnology, oil and gas, and mining. She specializes in financial services, business process outsourcing, and manufacturing industries.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA).

Janet completed her Masters in Business Management, major in Finance, at the Asian Institute of Management. She received her Bachelor of Science in Accountancy from the Polytechnic University of the Philippines.



Marvin Perrin L. Pe
Partner, Assurance

MLP-img-thumb Marvin is an Assurance partner. He pursued a bachelor’s degree in Accountancy from the Centro Escolar University and graduated in 2003. He is a CPA, CIA, Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), and has a Certification in Control Self-Assessment (CCSA). Marvin holds a Master in Management degree, with distinction, from the AIM in 2012. He has been with SGV since 2003.

Marvin specializes in Fraud Investigation and Fraud Data Analytics, and has performed engagements for clients in the health services, financial services, real estate, and consumer products sectors. He is a member of the SGV Fraud Investigation and Dispute Services group.



Alvin M. Pinpin
Partner-in-Charge, Davao and General Santos

Alvin is a CPA and a partner in Assurance. He has experience in audits of multinational, publicly listed and special economic zones companies. He handles audit engagements of companies in the agriculture, power generation and distribution, transportation, hospitality, real estate and manufacturing industries. He also has experience in business advisory, IAS conversion and advisory, due diligence reviews and regulatory compliance, as well as internal control reviews.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA).

Alvin earned his Master’s in Business Administration from the Asian Institute of Management in 2002 as an SGV scholar. He graduated with a Bachelor of Science degree in Accountancy from the Pamantasan ng Lungsod ng Maynila.



Maria Veronica Andresa R. Pore
Partner, Assurance

VicVic is a CPA. She specializes in the audit of companies in the power and utilities industries. She has led SGV’s Power and Utilities Industry Core Team, a specialist team of SGV professionals focused on providing specific industry and accounting updates. She is also SGV’s subject matter resource on IFRIC 12 Service Concession Arrangement. Her experience also includes audits of multinational companies with IFRS and US GAAP reporting, and due diligence review for mergers and acquisitions. She is also an expert in International Finance Reporting Standards (IFRS) and SEC reporting requirements.

She is a member of the Philippine Institute of Certified Public Accountants (PICPA) and the Association of Certified Public Accountants in Public Practice (ACPAPP).

VicVic graduated with a Bachelor’s degree in Commerce major in Accounting from the Ateneo de Davao University.



Noel P. Rabaja
Partner, Tax Reporting and Operations Group

Noel is a partner in the Tax Reporting and Operations Group with over 20 years of experience in tax compliance and advisory services. He is also the Country Leader for Tax Accounting and Risk Advisory Services (TARAS). Noel has vast exposure in tax compliance review, review of internal controls related to taxes, income tax provision and deferred income tax review, due diligence review for tax matters, review of tax assumptions in financial models and general tax advisory services for local and foreign clients. He has significant experience in servicing clients primarily engaged in the telecommunications, manufacturing, trading, energy and utilities, mining, retail, media and real estate industries.

He is a member of professional organizations such as the Philippine Institute of Certified Public Accountants (PICPA), the Association of Certified Public Accounts in Public Practice (ACPAPP), and the Financial Executives Institute of the Philippines (FINEX).

Noel graduated cum laude from the University of the Philippines–Diliman with a degree in Business Administration and Accountancy in 1991 and topped the CPA board examination in 1992.



Carolina A. Racelis-Serapio
Principal, Tax

Carol is a principal in Tax. She specializes in business tax advisory primarily in the power, manufacturing and trading sectors. Her areas of experience include providing tax advice to global and multinational companies on corporate investments and transactions and tax-efficient corporate structures; corporate restructuring and reorganizations, spin-offs, mergers, capital structuring, liquidations, quasi-reorganizations; cross border/international transactions inbound tax advisory and structuring of investments; corporate registrations with Philippine regulatory government agencies for special tax incentives; representation before the revenue tax authorities in relation to securing tax rulings and tax treaty relief rulings, tax deficiency assessments and tax refund cases. From 2007 to 2008, she worked in the EY-London office where she handled global tax quality and risk management.

She is a member of the Integrated Bar of the Philippines.

Carol graduated from the Ateneo de Manila Law School with a Juris Doctor in Law. She attended the Management Development Program of the AIM. Carol also has an Economics degree from the University of the Philippines.



Bernalette L. Ramos
Partner, Assurance

Narlet is a CPA and an Assurance partner. She has handled several engagements that are usually in the nature of regular annual audit of client companies, PFRS conversion engagements for non-audit and audit clients, and review engagements related to public offerings. Her experience encompasses the audit of life and nonlife insurance companies, real estate, utilities and manufacturing and educational institutions.

Narlet completed her Masters degree in Management from the Asian Institute of Management in 2008 and graduated with a degree in Business Administration and Accountancy from University of the Philippines in 1994. She is a CPA and placed 13th in the October 1994 CPA Licensure Examination. She placed 13th in the October 1994 CPA Licensure Examination.



Fidela T. Isip-Reyes
Partner, Tax

Fidela is a CPA–Lawyer and a partner in the International Tax Services practice of the Firm. She has provided various tax services to local and foreign clients in the manufacturing, food and beverage, telecommunication, construction, infrastructure and real estate industries. She is experienced in providing advice on corporate organizations and reorganizations, corporate registrations, mergers and spin-offs, design and implementation of tax effective alternatives in structuring local and foreign investments, investment incentive regimes, special economic zones international tax planning, VAT planning, and customs and import/tariff matters. Fidela has also provided advice on estate planning, planning and implementation of tax strategies to reduce tax liabilities, and she also assisted in the protest of deficiency tax assessments.

Fidela completed the Management Development Program at the Asian Institute of Management. She also earned her Bachelor of Laws degree from the San Beda College and graduated from the University of Santo Tomas with a Commerce degree major in Accounting.



Francis J. Ricamora
Partner, Tax

FJR-img-thumb Kiko is a Tax partner a Certified Public Accountant. He is highly proficient in providing a wide range of tax services for clients in the consumer products & retail, technology, services, manufacturing, business process outsourcing, life sciences, power & utilities, and real estate industries. He is actively involved in the Firm’s Tax Basics Seminars and is a part-time lecturer in Taxation, Finance and Accounting.

Kiko obtained his bachelor’s degree in Accountancy in 1998 from the Pamantasan ng Lungsod ng Maynila, magna cum laude. He completed his Masters in Business Administration at the University of the Philippines-Diliman in 2006 and the Management Development Program at the Asian Institute of Management (AIM) in 2007.



Jules E. Riego
Principal, Tax

Jules is a lawyer. He is experienced in international tax – inbound and outbound investments. He has advised local and foreign clients on various tax (national and local) issues, including: tax implications of proposed transactions; structuring of cross-border transactions for tax efficiency and cost minimization; contract review and interpretation; corporate restructuring; application and interpretation of tax treaty provisions; corporate tax planning; and family wealth planning and local taxation. He has represented clients in tax assessments and claims for refund in the Bureau of Internal Revenue, and has prepared position papers on tax-related industry issues and on various pending tax bills.

He is the Chairman of the Taxes and Tariffs Committee of the American Chamber of Commerce of the Philippines. He is a member of the Integrated Bar of the Philippines.

Jules earned his Master of Laws degree from Harvard Law School and earned his Juris Doctor degree from the Ateneo Law School (silver medal for academic excellence). He is also a graduate of the Harvard Tax Concentration Program. He graduated from the University of Santo Tomas with a Bachelor of Arts degree in Philosophy.



Washington A. Roqueza
Partner-in-Charge, Cagayan de Oro and Cebu

Wash is a Principal in Advisory. He specializes in operations and supply chain management, cost and productivity management, quality and risk management, business process management, and business transformation. He is experienced in business process and organization reviews, system design and integration, and system implementation support work. He is a practitioner in the areas of ISO 9000 (Quality Management), ISO 14000 (Environmental Management), and the other ISO certification systems.

He is a member of the Board of Trustees of the Philippine Institute of Industrial Engineers (PIIE), a corporate member of the Philippine Quality and Productivity Movement (PQPM), the Philippine Society for Quality (PSQ), and a former Director of the UP Alumni Engineers (UPAE). He is also a Board Member of the UP Industrial Engineering Alumni Association (UPIEAA). He is a resource consultant and speaker on Supply Chain and Operations Management, Cost Management, and Business Process Improvement.

He earned his Masters in Engineering Management from Northwestern University in Chicago, USA. He finished his Master of Business Administration degree from the University of the Philippines–Diliman and graduated with a Bachelor of Science in Industrial Engineering degree from the same university.

THE SGV PARTNERS & PRINCIPALS

Michael C. Sabado
Partner, Assurance

Mike is a CPA and an Assurance partner. He is involved in the external audit of companies in the automotive, real estate, manufacturing, insurance, construction, airlines and renewable energy industries. His experience also covers financial due diligence work related to initial public offerings (IPOs) and cross-border offerings.

Mike completed his Bachelor’s degree in Commerce, major in Accounting at San Beda College.



Fabian K. delos Santos
Partner-in-Charge, Cebu and Davao Tax Reporting and Operations Group

Fame is a CPA and a lawyer. He is presently the Partner-in-Charge of SGV Cebu and Davao’s Tax Reporting and Operations Group. As a tax specialist, Fame provides tax, corporate and business advisory services to numerous clients and has successfully structured transactions of companies in diverse industries for tax minimization purposes. He has conducted tax compliance audits to clients in various industries such as agriculture, semiconductor, service, manufacturing, and banking and finance. He has led tax audits in relation to mergers, acquisitions and other corporate reorganizations. He provides tax advisory services on corporate matters, estate and family wealth planning.

He is a member of the Integrated Bar of the Philippines Member and the Philippine Institute of Certified Public Accountants (PICPA).

Fame earned his law degree from San Beda College after graduating from New Era University with a Bachelor’s degree in Science in Business Administration and Accountancy. He placed sixth in the CPA board exams.



Veronica A. Santos
Principal, Tax

Veronica has been a Tax Principal since 2001. Her areas of expertise span transaction tax, international tax, and corporate tax advisory. She regularly assists clients in engagements involving securitizations, corporate reorganizations, corporate recovery and restructuring, and cross border investments. Her engagements also include advisory work on financial instruments, structured products, and project finance for infrastructure projects, and tax due diligence for mergers and acquisitions. She is the Country Leader for Transaction Tax. Veronica also acts as Technical Assistance Manager of the Ernst & Young team, which is included in the panel of transaction advisors of the Philippine Government for Public-Private Partnership projects.

She is a member of the Integrated Bar of the Philippines.

She was a Rotator-Manager at the Arthur Andersen Office of Federal Tax Services in Washington DC. She was awarded the 2001 Special Sycip Award for her pioneering work on e-commerce taxation.

Veronica completed her degree of Master of Laws at the New York University School of Law and obtained her Bachelor of Laws degree from the University of the Philippines where she received the Dean’s Medal for Academic Excellence. She graduated magna cum laude from the University of the Philippines School of Economics.



Aileen L. Saringan
Partner-in-Charge, Baguio

Aileen is a partner in Assurance. She has over 20 years of experience serving multinational high-growth companies, including those in the trading, manufacturing, semiconductor, transportation, health care, real estate and pharmaceutical industries, and educational institutions. She has also audited subsidiaries of US listed companies and SEC publicly listed companies. She is also knowledgeable on IFRS and is SGV’s Technology Industry Champion.

Aileen is a member of the Philippine Institute of Certified Public Accountants (PICPA).

She completed the Management Development Program of the Asian Institute of Management and graduated magna cum laude from the Polytechnic University of the Philippines with a Bachelor of Science degree in Accountancy.



Sonia D. Segovia
Partner, Tax

Sonia is a partner in Tax and specializes in tax compliance review, due diligence review for tax matters, modeling of tax impact under alternative structures, review of controls on tax-related processes and review of Deferred Income Tax. Her industry experience includes oil and gas, energy and utility, mining, trading, manufacturing, electronics, telecommunications, real estate, construction, business process outsourcing, hotel, resort and restaurant, transportation, international airlines, regional operating headquarters, schools, manning, logistics and other service oriented industries. She has also handled entities registered under the Philippine Export Zone Authority and Board of Investments.

Sonia earned units in Masters in Business Administration at the Ateneo Graduate School of Business and completed the Management Development Program of the AIM. She graduated cum laude from the University of St. La Salle in 1988 with a Bachelor’s degree in Commerce, major in Accounting and placed seventh in the 1988 CPA board examinations.



Dhonabee B. Señeres
Partner, Assurance

Dhona is a CPA. She has been with the Assurance and Advisory Business Services division since 1998. Her audit experience spans various industries including airline and related services, telecommunications, mining and exploration, information technology, business process outsourcing, retail, health care, pharmaceuticals, manufacturing, construction, and freight/logistics. She has also been involved in various due diligence work and cross-border transactions. Her deep knowledge of accounting standards and audit methodology made her an integral member of the Accounting Standards Group of the Firm.

Dhona attended the Executive Masters in Business Administration Program of the Asian Institute of Management as a Firm scholar. She graduated cum laude from the University of the Philippines-Visayas.



Mark P. Tamayo
Partner, Tax

Mark is a CPA–Lawyer and has been providing professional tax services to local and multinational companies, with indirect tax/customs and international trade (CIT) as his area of expertise. He has also successfully represented a wide variety of clients engaged in diversified business activities before the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) on highly complex and contentious tax and customs controversies. He has likewise been extensively involved in handling various issues relating to the interpretation of tax and customs laws, rules and processes. He also handles the firm’s major customs advisory, advocacy and compliance engagements.

He is a member of the Integrated Bar of the Philippines as well as of the Philippine Institute of Certified Public Accountants (PICPA).

Mark completed the Management Development Program at the Asian Institute of Management and the Program of Instruction for Lawyers at the Harvard Law School in Cambridge, Massachusetts, USA. He obtained his Bachelor of Laws Degree from the Ateneo de Manila University and his Bachelor of Science in Commerce, Major in Accounting from San Beda College.



Henry M. Tan
Partner, Tax

Henry is SGV’s Country Leader for Global Compliance Reporting and Business Tax Compliance. He is also a Transaction Tax Accredited Partner and Partner-in-Charge for Tax Basis Seminars. He has over 20 years of extensive experience in tax due diligence and tax compliance reviews. He has done tax reviews for companies in the manufacturing, retail, services, and information technology and semiconductor industries. He provides contract tax services (tax function outsourcing) to local and multi-national clients and has performed review of incentives available to enterprises registered with the Philippine Economic Zone Authority and Board of Investments. He has provided independent CPA verification services for claims for refund, tax credit and tax assessment cases with the Court of Tax Appeals.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA). He was the President of the PICPA Eastern Metro Manila Chapter from 2009 to 2010.

Henry graduated class valedictorian and magna cum laude from the Polytechnic University of the Philippines with a Bachelor of Science in Accountancy degree.



Marie Stephanie C. Tan-Hamed
Partner – Transaction Advisory Services

MTH-img-thumb Marie Stephanie is a partner in Transaction Advisory Services (TAS) . She obtained in 2002 her double degrees in Applied Economics and Accountancy, honorable mention, from the De La Salle University. She completed the Executive Development Program of the Kellogg School of Management- Northwestern University, USA in 2014. Stephanie placed 10th in the 2003 CPA Board Examinations and joined SGV in the same year. She is also a Chartered Financial Analyst (CFA) charterholder.

Stephanie joined the Firm’s Assurance group in 2003. She moved to TAS in 2006 where she has become a specialist in valuations and business modelling, as well as transaction support for clients in the real estate, energy and utilities, broadcasting, and banking sectors. She is a member of the ASG and is a subject matter resource in the areas of asset impairment, group accounts and business combinations, and fair value measurements.



Jennifer De Leon Ticlao

JDT-img-thumb Jennifer is a partner in Assurance services. She graduated from the University of Santo Tomas in 2002 with a degree in Accountancy, magna cum laude. Jen obtained a Master in Management degree from the AIM, with distinction, in 2011. She placed 9th in the 2002 CPA Board Exams and joined SGV in the same year.

Jen’s audit clients are from the real estate, asset management, restaurant, manufacturing, airlines and fast-moving consumer goods industries. She is a member of the Firm’s ASG and is highly knowledgeable in revenue recognition, presentation and disclosures as well as financial due diligence transactions.



Antonette C. Tionko
Partner, Tax

Tonette has extensive experience in tax advisory services for oil and gas companies as well as banks, finance and insurance companies, with specialization on financial instruments and derivatives. Her expertise includes corporate reorganization, mergers and spin-offs. She is also the Firm’s industry leader for Business Process Outsourcing.

She is a member of the Integrated Bar of the Philippines.

Tonette completed the Program of Instruction for Lawyers in Harvard Law School in 1997 as well as the Asian Institute of Management Program on Leadership and Strategy for the 21st Century. She earned her Juris Doctor title and Bachelor of Science in Legal Management from the Ateneo de Manila University.



Narciso T. Torres, Jr
Partner, Assurance

NTT-img-thumb Narciso is a returnee partner in Assurance services. He graduated with a degree in Business Administration, major in Accounting, cum laude, from the Mindanao State University in 1989. He completed his Master in Management degree from the AIM in 1996. A CPA, Jun joined SGV in 1989 and was admitted to the partnership in 2001. He joined EY Vietnam in 2004 as a partner and became Office Managing Partner of the EY Ho Chi Minh office in 2008.

Jun has over 25 years of experience in the areas of external audit, financial due diligence, compilation and review services, agreed-upon procedures, accounting consultation and advisory and regulatory compliance.



Cyril Jasmin B. Valencia
Partner, Assurance

Cyril is involved with the external audit across various industries such as power generation, real estate and manufacturing. She also handles accounting consultations, conversion to International Financial Reporting Standards and due diligence reviews.

She is a member of Philippine Institute of Certified Public Accountants (PICPA) and is part of the publications committee of the Association of Certified Accounts in Public Practice (ACPAPP).

She holds a Masters degree from the Asian Institute of Management and graduated cum laude with a degree in Business Administration, major in Accounting from the University of the Philippines–Visayas.



Christine G. Vallejo
Partner, Assurance

CGV-img-thumb Christine is an Assurance Partner. She handles the audit of clients in the investments, real estate, retail and manufacturing sectors. She is also experienced in International (Regulation S) bond offering transactions and in business combination/consolidation of investments.

Christine graduated from the Far Eastern University in 1999 with a bachelor’s degree in Accountancy. She is a CPA and has been with the Firm since 1999. She attended the Executive Development Program at the Kellogg School of Management, Northwestern University, USA in 2013.



Roderick M. Vega
Partner, Assurance

Erick is a CPA, Certified Fraud Examiner and a partner in SGV’s Assurance practice, under the Fraud Investigation and Dispute Services (FIDS). He provides investigation, compliance and dispute services work for a wide variety of clients in different industries. He has a combined working experience of 20 years on fraud investigation, and internal and external auditing in the Philippines and overseas. His specializations are in the areas of forensic audit and investigation. Erick also performs compliance works on U.S. Foreign Corrupt Practices (FCPA) Act and business code of conduct for U.S. and multinational companies.

He is a member of the Philippine Institute of Certified Public Accountants (PICPA) and Association of Certified Fraud Examiners.

Erick graduated cum laude from the Pamantasan ng Lungsod ng Maynila with a Bachelor of Science in Business Administration degree, major in Accounting.



Jonald R. Vergara
Principal, Tax

JRV-img-thumb Jong is a principal in Tax. He provides tax advisory and advocacy services to clients in trading, manufacturing, power, renewable energy, utilities, direct selling and real estate. He is experienced in corporate tax planning, mergers and reorganization, investment incentives, international tax, customs, and local taxes. He also represents clients before tax authorities and has experience handling cases before the tax court. He is in-charge of the firm’s Learning and Development program for Tax.

He is a member of the Integrated Bar of the Philippines.

Jong graduated from the University of the Philippines-Diliman in 1994 with a degree in Economics. He later obtained his Juris Doctor degree (with honors) from the Ateneo de Manila University in 1999. He also attended the Executive Masters in Business Administration program of the Asian Institute of Management in 2005.



Lucil Q. Vicerra
Principal, Tax

Lucil is a principal in Tax. She specializes in indirect tax and business tax advisory. She has experience in the oil and gas, power, mining, consumer, media and entertainment, manufacturing, pharmaceutical, IT, semiconductor and automotive industries.

She is a member of the Integrated Bar of the Philippines.

Lucil completed the Management Development Program of the Asian Institute of Management. She obtained her law degree from the San Beda College of Law and her Bachelor of Science degree in Tourism from the University of the Philippines.



John T. Villa
Partner, Assurance

John is a CPA and a partner in Assurance. His audit experience covers industries such as power generation, real estate, mining, food and beverage, and airline and allied services. He also has experience in mergers and acquisitions, cross-border offering and corporate liquidations. A member of SGV’s Accounting Standards Group, he is SGV’s Subject Matter Resource for Leases, Provisions and Contingencies. He is also currently a member of the EY Global and EY Asia-Pacific Subject Matter Groups on Leases.

He is an officer and active member of the Philippine Institute of Certified Public Accountants (PICPA). At present, he is the President-elect of PICPA Southern Metro Manila Chapter with term starting July 1, 2013.

John has a Masters in Business Administration degree from the Asian Institute of Management. He also passed the CFA Level 1 examination. He graduated magna cum laude with a Bachelor of Science in Accountancy degree from the University of the Philippines–Visayas.



Sherwin V. Yason
Partner, Assurance

SVY-img-thumb Sherwin is an Assurance partner and has deep experience in financial audit. He graduated from the Southern Luzon State University with a bachelor’s degree in Accountancy in 2001. He obtained his Master in Management degree from the AIM in 2010. He is a CPA and has been with SGV since 2002.

Sherwin specializes in the audit of companies in the telecommunications, real estate, manufacturing and distribution, mining, leasing, retail, media and entertainment, information technology, asset management, semi-conductor and logistics, among others. He possesses deep experience and knowledge in group audits of conglomerates with overseas operations and cross border transactions. He has also broad experience in the audits of foreign private issuers, including SOX 404 audits.

Sherwin is also a member of the Firm’s Accounting Standards Group and is a subject matter resource on International Financial Reporting Standards for small and medium-sized entities (IFRS for SMEs). He serves as a regular speaker in the implementation of IFRS for SMEs.



Jose Pepito E. Zabat III
Partner, Assurance

Peps is a CPA and a partner in Assurance. His expertise is in the audit of companies belonging to the property and casualty insurance, telecommunications, hotel sector, mining, manufacturing and distribution, ship management and crewing/manning, sea cargo transport, and consumer products industries. He also handles due diligence engagements relating to acquisitions and cross-border securities offerings under Reg S.

He has completed his Master in Management degree at the Asian Institute of Management. He also graduated magna cum laude from St. Louis College, San Fernando, La Union with a Bachelor of Science degree in Accountancy.