Our Purpose Journey

Since it was established in 1946, SGV has held true to its core values and ideals. Generations of partners and staff have worked toward achieving our late Founder Washington SyCip’s vision for the Firm – to develop quality people and leaders who contribute to national development. And now, after reflecting on everything that defines SGV as a Firm, our leaders reiterate this vision in our Purpose.


“In everything we do, we nurture leaders and enable businesses for a better Philippines.”

SGV remains strong because the Firm and its people believe that in everything we do, we envision the greater good of the country. With our renewed purpose, SGV maintains its position as the market leader, strengthened by people who embody integrity and excellence, building relationships based on doing the right thing. As one Firm, SGV will work towards sustaining a prosperous economy in a country where people’s lives are uplifted – truly, a better Philippines. And in building a better Philippines, SGV contributes to building a better working world.

SGV celebrates 72 outstanding years

SGV Partners and Staff gathered to celebrate the Firm’s 72nd Anniversary last 4 September 2018 at the Mall of Asia Arena, Pasay City. The event also marked the beginning of SGV’s Purpose Journey, a reiteration of the “why” behind everything that SGV stands for.

SGV Vice Chair and Deputy Managing Partner Wilson Tan opened the first part of the program with the announcement of all promotions. In his welcome remarks, he congratulated all SGVeans on another successful fiscal year and thanked everyone for their inspiring diligence.

At the start of the second half of the program, SGV Chairman and Managing Partner Itos Cruz spoke of SGV’s recent accomplishments and the latest developments in Advisory and Assurance Services. He reminded everyone to uphold SGV’s continuing Legacy by living the SGV Purpose. He then called on stage the Leadership team members who were among the first to commit to SGV’s Purpose. Immediately following his message was a short video titled “Choices” that captured the spirit behind our Purpose Journey.

Recognition was also given to SGV’s Top Placers in the CPA and Philippine Bar Examinations and to Loyalty Awardees. The much-awaited SyCip and Special Awards were presented. The program concluded with the formal presentation of the new SGV partners, who now serve as the latest mentors and stewards of the Firm.

Just admitted to the partnership!

SGV welcomed seven new high performers into the Firm’s continuously expanding partnership, now composed of a total of 114 partners. The seven new partners will begin FY19 as SGV’s newest stewards and mentors, helping lead the Firm to achieve its purpose.

The Firm’s newest partners are:

Veronica Mae Balisi (VAB), FSO Partner from MG5;
Meynard Bonoen (MAB), Assurance Partner from MG2;
Erwin Paigma (EAP), Assurance Partner from MG6;
Margem Tagalog (MAT), Assurance Partner from MG4;
Shane Dave Tanguin (SDT), Assurance Partner from MG3;
Peter John Ventura (PRV), Assurance Partner from MG7; and
Ma. Emilita Villanueva (ELV), Assurance Partner from MG8.

SGV honors quality work and leadership

SGV once again honored its high performers with much-deserved awards presented during the Firm’s 72nd Anniversary.

The prestigious SyCip Award was conferred on Advisory Senior Director Carlo Kristle Dimarucut for his invaluable contributions to the Firm, especially in developing its Data Privacy Advisory Services, which helped SGV earn its reputation for its expertise in the field. He was also commended for being instrumental in the growth of the SGV Cybersecurity practice – a key growth strategy for the Firm’s Advisory services.

The SGV Special Awards were given to several teams and individuals for their outstanding performances and leadership.

The Special Awards for Personal Leadership were presented to Business Tax Advisory Senior Director Margaux Advincula, FSO Advisory Senior Director Christian Edmund Chua and FAAS Director TJ Ray Raagas for their innovativeness in their engagements throughout the course of the previous fiscal year and their commendable contributions to their respective teams and service lines.

The Special Award for Team Leadership was presented to Advisory Senior Director Joanna Paula Caubalejo-Tan for her constant mindfulness of the well-being of her team members and being an excellent role model to them.

The Special Awards for Client Leadership were presented to the CMC/IFRS Team for EY Vietnam, the ECL Team, the JTI Team of BTS and GCR from the Makati, Cebu and Davao Offices, the team of Project Graze from Transaction Advisory Services and to Assurance Senior Director Genghis O. Gorospe. These teams and individuals consistently practiced a client-first mentality in their engagements, catering to their respective clients’ needs despite tight deadlines and limited resources, constantly making adjustments as necessary.

Kudos to our SyCip and Special awardees!

Loyalty: A most cherished SGV value

SGV also recognized its longtime employees during its 72nd Anniversary. Loyalty Awards were presented to individuals who have reached impressive milestones in their decades of unwavering service to SGV. Those who have rendered 25, 30 and 35 years of service were called onstage to receive their awards.

The 35-year awardees were Assurance Partner Jaime Del Rosario, Advisory Partner Leonardo Matignas Jr. and CBS Supervisor Adora Casino.

The 30-year awardees included Vice Chair and Deputy Managing Partner Wilson Tan, CBS Executive Daniel Mojica, CBS Supervisor Emelita Orbeso and Executive Louisa Valcarcel.

The 25-year awardees were composed of Assurance Partners Belinda Beng Hui, Lucy Chan, Alicia Lu and Aris Malantic, Tax Partner Noel Rabaja, CBS Supervisor Cerenio Tabaranza, and Executive Secretaries Fe Alvarez, Emelde Baldovino and Ma. Filipina Capilitan.

SGV also presented loyalty awards to our people who have served the Firm for 20, 15 and 10 years.

Congratulations to all our loyal partners and staff!

SGV talent dazzles audience

The 72nd Staff Anniversary celebrations also showcased numerous performances that entertained the crowd throughout the night.

Performers included SGV’s Got Talent Year 7 runners-up Hypebeats and Ed Villamor, who pumped up the crowd with their dance numbers. SGV’s Got Talent Year 7 grand winner Ching Cabarles serenaded everyone with her rendition of Filipino “jukebox hits.”

In line with SGV’s renewed Purpose, the SGV Glee also went onstage for their heart-warming interpretation of “Tagumpay Nating Lahat,” which punctuated the overall message of how SGV nurtures leaders and enables businesses for a better Philippines.

The SGV Volunteer Dancers also earned loud cheers and applause as they danced to a medley of OPM hits throughout the decades. The group was composed of SGVeans from across all service lines and market groups.

The program was followed by an after-party, featuring performances from local bands Silent Sanctuary and Parokya ni Edgar which covered the rest of the night.

FSO members speak in BSP conference

SGV Financial Services Risk Management (FSRM) Director Michelle Pacleb and Senior Director Christian Chua served as resource persons at a recent conference of the Payments and Settlements Office (PSO) of the Bangko Sentral ng Pilipinas at the Bulwagang BSP in Malate, Manila. EY Singapore Manager May Yee Chong was also invited as a resource person.

The conference was titled “Providing a Safer, More Efficient, and More Inclusive Philippine Payments and Settlements System.” Its main speakers included those at the forefront of BSP’s payment initiatives: Ms. Carmelita Araneta, General Manager of Philippine Payments Management, Inc. (PPMI); Ms. Eleanor Turaray, Acting Director of the BSP Payments and Settlements Office (BSP PSO); and Mr. Raymundo Estioko, Acting Director of the BSP Payment System Oversight Department. Representatives from the banking sector as well as FinTech and payments institutions attended the event.

BSP Governor Nestor Espenilla, Jr. opened the event by reiterating the three pillars of central banking: price stability, a stable banking system and a safe and reliable payments system. In support of the third pillar, the BSP previously launched the National Retail Payment System (NRPS) in 2015, at which two automated clearing houses (ACH) were also launched: PESONet and InstaPay.

Following BSP Governor Espenilla, SGV/EY’s resource speakers provided three approaches in quantifying cybersecurity risk: cost quantification (reduction and optimization), network and transition modelling (entity-level), and cyber modelling (macro-level).

Philippines’ Financial Services Office Head Vicky Lee-Salas, FSRM Directors Janice Joy Agati and Marco Obias, Associate Director Ruben Simon, and IT Risk Advisory Senior Director Carlo Kristle Dimarucut were also present in the event.

MG 8 hosts construction forum

SGV Assurance Team under SGV Partner Jun Torres hosted a Construction Forum entitled “Evolution of a Construction Contract: From Bidding to Execution” last 15 August at The Shang Grand Tower, Makati City. Engineer Morris Agoncillo, President of Datem, Inc. and the Philippine Constructors Association, served as the guest speaker for the day. The talk featured discussions on the preparation stages and work execution of a construction contract, including its related financial risks.

JER speaks at RCM meeting

SGV Tax Principal Atty. Jules Riego (JER) served as a guest speaker during the regular meeting of the Rotary Club of Makati (RCM) last month at The Peninsula Manila. JER talked about “Issues on Family Business Succession.” He introduced the EY Global Family Business Center of Excellence and discussed other points of consideration for family-owned businesses, such as business governance, generational and succession planning, and family wealth management.

SGV Assurance Partner Johnny Ang, a member of the RCM, was also present during the event together with RCM President Alfredo Pascual.

SGV updates S&E industry on emerging topics

SGV recently discussed emerging topics that may have significant impacts on the semiconductor and electronics (S&E) industry. Assurance Partner Benjamin Villacorte talked about PFRS 16, Leases, as part of the Association of Semiconductor and Electronics Industries of the Philippines, Inc. (SEIPI) Finance Executives’ (ASEFEX) General Membership Meeting at the Acacia Hotel, Alabang.

In another event, Tax Partner Lee Vivas discussed digital taxation as part of the Philippine Semiconductor and Electronics Convention and Exhibition at the SMX Convention Center, Pasay City.

SEIPI, the largest organization of S&E companies in the Philippines, sponsored both events with finance executives in the S&E industry in attendance. Assurance Partners Aileen Saringan and Manolito Elle with Senior Director Bienvenido Rebullido II coordinated with SEIPI for SGV’s participation in the events.