First Metro Asset Management, Inc. (FAMI), the fund management subsidiary of First Metro Investment Corporation, has announced the appointment of Karen Liza Roa as its new president.

Roa replaced Augusto Cosio, Jr., who retired after serving as FAMI president for nine years.

Roa has twenty-five (25) years of experience in the financial services sector both domestic and international with her last role as president & CEO of Philam Asset Management Inc. (PAMI). Prior to PAMI, she was Asia Pacific product director for SunGard Solutions; head of the Trust Banking Group for Philam Savings Bank and operations head of Citibank’s Global Asset Management. She began her career as a management trainee at Chase Manhattan Bank in NY. Her responsibilities covered business and product development; sales distribution and marketing; operations, internal controls and risk management. She has strong operational risk and administrative skills owing to her roles in audit and compliance.

She is currently a lecturer at the country’s top universities teaching business courses on strategy, investment management and financial services. She also facilitates corporate training on strategy, leadership, culture and innovation to top level managers of large Philippine companies.