Early Life
Teresita Sy-Coson, often called Tessie, was born in Plaridel, Bulacan, Philippines, on October 1, 1950. Her father, Henry Sy Sr., founded SM Investments Corporation (SMIC), one of the largest conglomerates in the Philippines. Growing up, she was immersed in the family's business. She started working in her grandfather's shoe store at age 8, learning the trade from a young age. Her early experiences in the family's businesses instilled a strong work ethic and a keen understanding of the market.
Rise to Success
Teresita graduated from Assumption College with a degree in commerce in 1970. Instead of pursuing further studies, her father encouraged her to join the family business. At the age of 22, she was entrusted with opening the first SM department store in Manila in 1972. Her leadership expanded SM's retail operations, later becoming president of SM Department Stores. She played a key role in transforming BDO Unibank and made it a leader in the retail banking sector.
Key Business Strategies
Sy-Coson's strategies have been focused on growth and innovation. She has emphasized adapting to market changes and the importance of reinvesting profits to expand the business. Under her leadership, BDO Unibank embraced strategies focused on financial inclusion. She is known for her long working hours and dedication to her work. She has also focused on attracting international brands, which she considers a key factor in SM's success.
Philanthropy
Sy-Coson spearheads SM Group’s philanthropic initiatives as Vice Chairperson of the SM Foundation, which was established by her parents in 1983. The SM Foundation is dedicated to supporting and empowering communities through targeted social investments in education, healthcare, livelihood, and housing. She has been recognized for the SM Group's COVID-19 response, including acquiring vaccines for employees, and contributing significantly to provide medical supplies and equipment.
