SM Investments Corporation (SM) announced that its executive vice president and chief financial officer (CFO) Jose T. Sio, garnered another award as CFO of the Year for tSM Investments Corporation (SM) announced that its executive vice president and chief financial officer (CFO) Jose T. Sio, garnered another award as CFO of the Year for the Philippineshe Philippines, this time from Hong Kong-based The Asset magazine. Sio is an inaugural recipient, as it is the first time that such an award is being given out by The Asset.

The Asset is a leading and prestigious finance publication in Asia, known for providing analyses on and insights into top companies in the region. Its board of editors unanimously voted for Mr. Sio, based on the following criteria: The CFO’s work, especially over the course of the past 12 months; important milestones achieved during the period; steps he undertook to better manage a company’s finance and treasury functions that proved to be transformational; his approach and philosophy to finance and treasury; and the adoption of best-in-class market practices.

According to The Asset, “The board of editors recognized Mr. Jose T. Sio’s overall financing approach and Philosophy, and given how SM has weathered the crisis better than most, with the landmark success of the $500 million corporate bond issue and the P10 billion domestic bond issue. In addition, Mr. Jose T. Sio’s success in communicating to investors, as exemplified in SM’s top ranking in The Asset Corporate Awards 2009, the board voted unanimously to honor him for thisinaugural recognition.”

In November last year, Sio was also named CFO of the Year by the Financial Executives Institute of the Philippines (Finex) and Dutch bank ING.