Board of Directors

Our Board of Directors is responsible for steering Yoma Bank’s strategy, heading its Leadership team, and ensuring that the Bank complies with all relevant laws and regulations when conducting its business.

Our Board is also responsible for shaping Yoma Bank’s corporate culture and values. Its ultimate goal is to create long-term value that benefits its shareholders and stakeholders. Our Board Members combine various skills and professional backgrounds, and this diversity elevates the quality of our decision-making. 

The composition of our Board of Directors will evolve to reflect our new shareholding structure. Likewise, we have established a People, Nominations and Remuneration Advisory Committee to advise the Board: it will soon become the third Board Committee of Yoma Bank. 

As per the definition of the Central Bank of Myanmar, an Independent Non-Executive director of a bank is a person who holds less than 5% of the voting shares of the bank and is not a Related Party as defined in the FI Law. 




Board Profiles

U Theim Wai @ Mr. Serge Pun : Executive Chairman
Date of last re-election : November 2019
Current directorships in other listed companies :
  • FMI (Myanmar)
  • MTSH (Myanmar)
  • Yoma Strategic Holding (Singapore)
  • Memories Group (Singapore)
Interest in the Company : Indirect, through FMI *

Biographical details
U Theim Wai @ Mr. Serge Pun is the founder and Chairman of the Serge Pun & Associates (SPA) Group. He is also the Chairman of First Myanmar Investment (FMI), one of Myanmar's leading public companies established in 1992, and Yoma Strategic Holdings (YSH), a Singapore Stock Exchange listed company since 2006. In 2016, he also led FMI to be the first company to list on the Yangon Stock Exchange. He was also instrumental in listing Memories Group on the Catalist Board of the SGX-ST in 2018.

He has over 30 years of international business and investment experience in Hong Kong, China, Taiwan, Malaysia, Thailand, Singapore, Western Europe, North America and Myanmar.

Mr Pun was Honorary Business Representative of International Enterprise Singapore for Myanmar between 2004 and 2006. In 2007, he was appointed as a member of Dalian’s CPPCC. He was also a selected as a member of the World Economic Forum (WEF) Global Agenda Council for Transparency and Anti-Corruption during its 2014-16 term.  

*  For more information, please refer to FMI 2019 Annual Report, page 63.


U Myat Thin Aung : Non-Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies :
  • FMI (Myanmar)
Interest in the Company : Indirect, through FMI **
Biographical details : 
U Myat Thin Aung is the Chairman of the AA group of companies. He also serves as the President of Ye-Me-Thin Association, and is a member of the Central Executive Committee of the Union of Myanmar Federation of Chamber of Commerce & Industry and Myanmar Industries Association and the President of Hlaing Thayar Industrial City Management Committee. 

**  For more information, please refer to FMI 2019 Annual Report, page 63.


U Tun Myat : Independent Non-Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies : Nil
Interest in the Company : Indirect, through FMI (An individual shareholder of FMI with 1,460 shares)
Biographical details : 
U Tun Myat was the United Nations Security Coordinator until his retirement in 2004. He also served as United Nations Humanitarian Coordinator for Iraq for over two years. Prior to these assignments, both of which were at the Assistant Secretary General (ASG) level, he held senior positions at the World Food Program (WFP) in Rome, where he served for over 22 years.

Before joining the United Nations, he was the Head of the Legal and Insurance Department at Myanmar Five Star Line, where he served for 15 years. From 1974 to 1978, he was also the Legal Adviser to the Ministry of Transport and Communications and a lecturer in the Law Department at the University of Yangon.

He holds B.Com and B.L degrees from the University of Rangoon, an ACII from the Chartered Insurance Institute in London,  and an LLM from King’s College, University of London. 



U Kyi Aye : Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies : FMI (Myanmar)
Interest in the Company : Indirect, through FMI ***
Biographical details : 
U Kyi Aye started his career in the banking industry in 1960 and was transferred to the Central Bank of Myanmar in 1965 after nationalization. He held many positions over 25 years in the Central Bank of Myanmar, including Chief Accountant (1987 to 1989) and Executive Director (1989 to 1991). He was appointed the Managing Director of Myanmar Economic Bank in 1991 and subsequently Governor of the Central Bank of Myanmar in 1992 until 1998 when he retired from the service.

U Kyi Aye joined Yoma Bank in 2000 as the Special Counsel to the Chairman of Yoma Bank. He holds B.Com and B.L degrees from Yangon University and a Diploma in World Banking and Finance from The Economic Institute in Boulder, Colorado, USA. He is a Certified Public Accountant. 

*** For more information, please refer to FMI 2019 Annual Report, page 63.



Mr. Melvyn Pun : Non-Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies : Yoma Strategic Holdings (Singapore)
Interest in the Company : Nil
Biographical details : 
Mr. Melvyn Pun was the Alternate Director to Mr. Serge Pun at Yoma Strategic and the Chief Executive Officer of SPA Myanmar, an affiliate of the Group, between 2012 and 2015. He was appointed as the Chief Executive Officer of Yoma Strategic in 2015, driving the move to diversify the Group’s businesses along the core businesses while building its recurring income streams. He has been extensively involved in developing the Group’s relationships with key partners, including Mitsubishi Corporation, IFC, ADB, Yum! Brands, New Holland, JCB, Telenor and Pernod Ricard, amongst others.

Prior to joining SPA, Mr. Pun spent 12 years at Goldman Sachs in Hong Kong, where he was Managing Director, Head of Asia Ex-Japan Corporate Solutions Group. In that role, he has provided financial and corporate advisory services to corporates and non-profit organisations in Asia Pacific for fund raising, investments and risk management.




Mr. Dean Cleland : Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies : Nil
Interest in the Company : Nil
Biographical details : 
Mr. Cleland, a highly proficient international banker, has worked for over 20 years in Asia and the Pacific. He possesses extensive experience in Financial Services in the areas of Banking, Operations, Technology, Digital, Property & Enterprise Services and Major Transformation. Working as an Executive General Manager at National Australia Bank (NAB), he has spent the past seven years working in Singapore and Australia. Mr. Cleland led the development, execution and implementation of the NAB Business Bank strategy by redefining Relationship Banking at Australia’s largest business bank, delivering an end-to-end operating model to enhance and grow the customer value proposition. Prior to NAB, Mr. Cleland worked at ANZ for 30 years in various roles, including as founding CEO of ANZ Royal in Cambodia. With more than 35 years of banking experience, he brings unique international banking expertise and leadership to Yoma Bank.





Daw Aye Aye Soe : Executive Director
Date of last re-election : November 2019
Current directorships in other listed companies : Nil
Interest in the Company : Indirect, through FMI (An individual shareholder of FMI with 2,460 shares)
Biographical details : 
Daw Aye Aye Soe joined Yoma Bank as a Branch Manager in 1999, and in the 15 years since has steadily risen to her present position as an Executive. Her sound knowledge of the Myanmar banking industry originates from her extensive experiences since 1991 in many banking institutions including the Myanmar Central Bank, Myanmar Foreign Trade Bank, and Myanmar Economic Bank. Prior to joining Yoma Bank, she was the Chief Accountant at First Private Bank for six years. 

She graduated with a Bachelor of Commerce in Banking from the Institute of Economics (Yangon) in 1991, and is a Certified Public Accountant (CPA).