First Metro names Caparas as new chairwoman

FIRST METRO Investment Corporation, the investment banking arm of Metrobank, announces the appointment of Mary Mylene Caparas as the new chairperson of its board of directors. She is the second woman to be elected to handle the top post effective April 28, 2022.

Ms. Caparas will succeed Francisco Sebastian who now chairs GT Capital Holdings, Inc. He will also continue to be an active member of the advisory board of First Metro.

Ms Caparas held the position of vice chairman of First Metro since 2020. Concurrently, she heads the Institutional Banking Sector of Metrobank, where she is instrumental in the sustained growth of the Bank’s corporate banking, investment banking, commercial banking, SME lending, cash management, and trade services.

Prior to joining Metrobank, she was with Citibank for three years as the managing director and country head of Citi Transaction Services of Citibank N.A. Manila Branch and subsequently, as managing director and regional head of Client Delivery, Treasury & Trade Solutions of Citibank N.A, in Hong Kong. She also held several executive positions at Deutsche Bank AG, Manila Branch for 15 years.

She will chair First Metro as the company pursues growth with focus on building ONE FIRST METRO – promoting all the businesses of the First Metro Group (First Metro Investment, First Metro Securities Brokerage Corporation, First Metro Asset Management, Inc.), while capitalizing on the strength of the Metrobank franchise.

First Metro president Jose Patricio Dumlao affirms, “Ms. Caparas’ appointment as our chairman could not have come at a better time. Her track record and vast experience in local and international banking coupled with her concurrent position as head of Institutional Banking Sector of Metrobank bode well for First Metro as we strengthen our investment banking business, deepen our synergies within the First Metro Group and further enhance our collaboration with Metrobank.”