Jose Mari Banzon is the New President of SM Development Corporation (SMDC)

(06 February 2020, Pasay City Philippines) SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, announces the appointment of Mr. Jose Mari Banzon as President of SM Development Corporation (SMDC).

SMDC is the primary residential property business of SM Prime. Mr. Banzon takes on this new position from his recent role as Executive Vice President, where he led the company’s impressive customer growth. Under his leadership, SMDC expanded its product portfolio into new real-estate formats that span vertical and horizontal residential projects, commercial buildings, and mixed-use developments. His determination to maximize the company’s operational efficiency and his drive to provide professional customer management solidified SMDC’s strong presence in the Philippine real estate market. 

“Mr. Banzon’s new position puts him at the forefront of SMDC’s aspiration to establish new markets in the Philippines and in Southeast Asia. His unique experience and broad outlook of an international executive and a global Filipino make him well-placed to lead SMDC moving forward,” SM Prime President Mr. Jeffrey Lim said. 

His appointment at the helm of SMDC guarantees the fulfillment of its vision to uplift the Filipinos’ lifestyle through modern, convenient, upscale yet affordable homes.

For further information, please contact: 

Alexander Pomento
Vice President, Investor Relations 
SM Prime Holdings, Inc. 
Tel. no.: +632 8862 7940