SM Prime over the weekend announced the appointment of Jose Mari Banzon as president of SM Development Corp. (SMDC).
SMDC is the primary residential property business of the SM Prime.
Banzon takes on this new position from his recent role as executive vice president where he led the company’s impressive customer growth.
Under Banzon’s leadership, SMDC expanded its product portfolio into new real estate formats that span vertical and horizontal residential projects, commercial buildings and mixed-use developments. “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 makes him well-placed to lead SMDC moving forward,” said Jeffrey Lim, SM Prime president.
