Serge Pun Family (SPA Group)
Overview
Founded by Serge Pun in 1981, SPA Group is a Myanmar conglomerate with core businesses in real estate (Yoma Land), financial services (Yoma Bank), automotive, and agriculture. It holds a leading position in Myanmar's property market and banking sector, with significant operations in Yangon and Mandalay.
Description
Myanmar conglomerate led by Serge Pun, active in real estate, banking, and automotive sectors.
Leadership
Governance
Held through a complex structure of family trusts and holding companies, with Serge Pun as Chairman. Key entities include Yoma Strategic Holdings (Singapore-listed) and First Myanmar Investment (FMI). Decision-making is centralized under Serge Pun and senior family members.
Succession
Next-gen involvement includes son Melvyn Pun as CEO of Yoma Strategic Holdings. Succession plans are in progress, with Melvyn taking operational leadership while Serge Pun remains chairman. Transition is gradual, with no formal public timeline.
Public-Sector Context
Close ties to Myanmar's military and civilian governments through joint ventures and regulatory approvals. Serge Pun has served as an advisor to the government. Risk factors include sanctions and political instability post-2021 coup.