Business

Business · Biography

1953—

Serge Pun

The entrepreneur who built a regional business network across real estate, financial services, automotive distribution and consumer sectors.

Myanmar Rangoon, Burma Reviewed 9 September 2026
In this biography

Quick facts

Born
1953
Birthplace
Rangoon, Burma
Country
Myanmar
Nationality
Burmese
Known for
Building linked Myanmar and Singapore-listed businesses after returning from overseas
First group
Serge Pun & Associates · Hong Kong, 1983
Returned to Myanmar
1991
FMI founded
1992
Yoma Strategic listed
Singapore Exchange · 2006

Why this life matters

Serge Pun’s career traces the reopening of private enterprise after socialist rule and the use of Singapore capital markets by Myanmar-focused firms.

Timeline

Key moments

  1. Born in Rangoon

    Born before military socialism transformed the economy.

  2. Founded SPA in Hong Kong

    Established the base of a regional property and investment group.

  3. Returned to Myanmar

    Re-entered a country beginning to permit more private enterprise.

  4. Founded FMI

    Created First Myanmar Investment as a domestic holding company.

  5. Listed Yoma Strategic

    Used the Singapore Exchange to raise capital for Myanmar-focused businesses.

  6. FMI listed in Yangon

    First Myanmar Investment became the first company listed on the Yangon Stock Exchange.

Building abroad, then returning

Serge Pun left Burma as military socialism restricted private business and later founded Serge Pun & Associates in Hong Kong in 1983. He returned in 1991 and established First Myanmar Investment the following year.

The group expanded across property, automobiles, tourism and financial services. Yoma Bank, founded in 1993, became one of the country’s largest private banks, while related companies linked domestic projects to international partners.

Two exchanges and a transition economy

Yoma Strategic Holdings listed in Singapore in 2006 and FMI became the Yangon Stock Exchange’s first listed company in 2016. Those milestones made Pun a prominent advocate of formal corporate governance in a market where ownership and regulation have often been opaque.

His career should be read within Myanmar’s uneven political economy: private investment expanded under military and quasi-civilian governments, but sanctions, banking limits and renewed conflict repeatedly changed the operating environment. He ceased serving as Yoma Strategic’s executive chairman in July 2024.

Quick answers

Frequently asked questions about Serge Pun

Who is Serge Pun?
Serge Pun is a founder of SPA Group, FMI and Yoma Strategic. Serge Pun’s career traces the reopening of private enterprise after socialist rule and the use of Singapore capital markets by Myanmar-focused firms.
What is Serge Pun best known for?
Serge Pun is best known for building linked Myanmar and Singapore-listed businesses after returning from overseas.
When and where was Serge Pun born?
Serge Pun was born in 1953 in Rangoon, Burma.

Sources and further reading

How this biography was checked

Core dates and offices are checked against the sources below. This profile was last reviewed on 9 September 2026.

  1. Yoma Strategic HoldingsAnnual Report 2023
  2. World Economic ForumSerge Pun — agenda contributor
  3. Singapore ExchangeCessation of Executive Chairman
  4. International Finance CorporationIFC and Yoma Bank equity investment
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