CLIMBS INVESTMENT MANAGEMENT AND ADVISORY CORPORATION
2017 © by the CLIMBS Investment Management and Advisory Corporation
CIMAC is practically wholly-owned by the CLIMBS Life and General Insurance Cooperative or CLIMBS, one of the top life insurance companies in the Philippines. CLIMBS boasts of thousands of policyholders, most of whom availed of micro insurance. CLIMBS is part of a network of cooperatives with Php85 billion in combined assets and 1.4 million in combined membership.
The first investment company client of CIMAC is the CLIMBS Share Capital Equity Investment Fund Corporation or CSCEIF. The CSCEIF’s investment objective of the Fund is to generate medium- to long-term capital growth through investments primarily in equity securities issued by Philippine companies. The CSCEIF shall implement and Index Plus Strategy whereby the majority of its assets is invested in PSEi component issues while a small portion is invested in non-index component issues to help produce out-performance.
The Advantages with Mutual Funds
Mutual funds are managed by highly-trained and experienced professionals whose main purpose is to exact optimum returns day in and day out.
The huge size of mutual funds makes for lower transaction fees and greater access to the capital markets heretofore enjoyed only by high net worth individuals.
Each mutual fund shareholder earns the same returns regardless of the size of his investment. Investments can also withdrawn easily.
CLIMBS’ proud and fearless foray into the Mutual Fund Industry in 2015 came about as a result of a thorough study duly backed by the Personal Finance Advisers Philippines Corporation, the Philippines’ first recognized “International Best Provider” of workplace finance education as recognized by the Personal Finance Employee Education Fund, Inc. of the United States of America.
As a Holding Company, CLIMBS once again dipped its tethers on a more challenging and ambitious project aimed at uplifting the financial standing of the cooperatives and its members through an initial investment for as low as Php 5,000.00 and a subsequent minimum periodic investment of only Php 300.00; under a subscription plan which by far the most affordable investment scheme possible.
I hereby declare the most ambitious undertaking: CLIMBS INVESTMENT MANAGEMENT AND ADVISORY CORPORATION intends to grow the CLIMBS SHARE CAPITAL EQUITY INVESTMENT FUND CORPORATION into one of the largest and widely distributed mutual funds in the country.
Message from the Chairman and CEO, Fermin L. Gonzales
Message from the President and COO, Jorge G. Lumasag, Jr.
Welcome to CLIMBS Investment Management and Advisory Corporation (CIMAC) and thank you for accessing our website.
CLIMBS Life and General Insurance Cooperative, known as the “grassroots insurance,” has expanded the business operation from insurance to asset management by establishing CLIMBS Investment Management and Advisory Corporation (CIMAC), a wholly-owned subsidiary. CIMAC is the Investment Manager of CLIMBS Share Capital Equity Investment Fund Corporation (CSCEIFC or CLIMBS Equity Fund) a newly created equity mutual fund by the leading cooperatives in the Philippines within CLIMBS network.
CIMAC aspire to provide accessible and affordable investment opportunity to cooperative members that will help uplift their financial condition and seek to contribute positive economic impact for cooperative investor through prudent management of investment.
We believe that through capitalizing on cooperative and member’s investment and our approach in investment management that focus on a long term concentrated portfolio, CIMAC can propel investment growth
CIMAC though a corporation, is founded on an unwavering commitment to cooperative investor’s success. We adheres to our philosophy of “Cooperative First” at all times in fulfilling our fiduciary responsibilities as an investment manager.
As we specialize in investment management and advisory services and in pursuing this endeavor in the accordance with the spirit of cooperativism, I offer you to join us in a making a difference in the economic life of the cooperative and members through investment.
I look forward to be of service to your investment needs and to your joining as shareholder in CLIMBS Share Capital Equity Investment Fund Corporation (CSCEIFC or CLIMBS Equity Fund).
In the service of the Cooperative,
Fermin L. Gonzales – Mr. Gonzales has been the Chairman and Chief Executive Officer of the CIMA from the latter’s inception up to the present. Mr. Gonzales is concurrently the President and Chief Executive Officer of the CLIMBS Life and General Insurance Cooperative (CLGIC), a position he has held since 1993. Mr. Gonzales was previously the National Marketing Manager of the Coop Life Mutual Benefit Services Association (1987-1992) and General Manager of the Nabunturan Integrated Cooperative (1975-1987). He was President of the Misamis Oriental-Cagayan de Oro Federation of Cooperatives (1997-1999), Oro Integrated Cooperative (1996-1999), and MASS-SPECC Cooperative Development Center (1997-1999). Mr. Gonzales was Board member of the National Confederation of Cooperatives (1997-1999) and the Small Economic Enterprise Development (1998). He earned a degree of Bachelor of Science in Elementary Education from the University of Southern Philippines.
Jorge G. Lumasag, Jr. – Mr. Lumasag, Jr. has been the director, President and Chief Operating Officer of the CIMA from the latter’s inception up to the present. Mr. Lumasag, Jr. is also the Chief Investment Officer of CIMA. Previously, Mr. Lumasag, Jr. was Executive Vice President and Chief Financial Officer of the CLGIC from 2014-2015. He was Executive Vice President and Chief Operating Officer of the CLGIC from 2009-2013, Vice President for Marketing from 2006-2009 and Marketing Manager from 2004-2006. He was employed with the Regional Educators Multi-Purpose Cooperative from 2000-2003 where his last position was Operation Head. Mr. Lumasag, Jr. graduated Magna cum Laude with a degree of Bachelor of Arts major in Theology from the Davao Bible College. He is an Associate Financial Planner, Certified Investment Solicitor and licensed Life and Non-life insurance agent.
Francis C. Loque – Mr. Loque has been a director of the CIMA from the latter’s inception up to the present. He is currently the Chief Executive Officer of the Agusan del Norte Teachers, Retirees, Employees and Community Cooperative. He is also concurrently a Board member of the Philippine Public School Teachers Association (PSTA), a position he held since 2006. Mr. Loque was Regional President of the CARAGA PSTA in 2006. He served as President of the Agusan del Norte Teachers, Retirees & Employees Association from 2002-2005 and from 1994-1997. He graduated with a Bachelor of Science degree from the Father Urios College and a Master’s degree in Education (magna cum laude) from the Southwestern University.
Floriano R. Hilot – Mr. Hilot has been a director of the CIMA from the latter’s inception up to the present. He is currently the Chief Executive Officer of the Oro Integrated Cooperative (OIC). He was employed with OIC since 1995 and rose from the ranks, being Special Project Collector in 1995 all the way up to his current position as Chief Executive Officer. Mr. Hilot graduated from the Divine Word College.
Daniel O. Evangelio, Jr. – Atty. Evangelio, Jr. has been a director of the CIMA from the latter’s inception up to the present. He is currently the Vice Chairman of the Toril Community Cooperative (TCC), a position he has held since 2008. He was a Board member of TCC from 2004 up to the present as was its Chairman from 2000-2003. He was a Board member of CLGIC from 2001-2012 and was its Chairman from 2003-2004. Atty. Evangelio, Jr. is also a private law practitioner since 1984 up to the present. He was the in-house lawyer and Legal Manager of the Antonio Floirendo Management and Investment Corporation from 1989-2006. He received a bachelor of Arts degree from the Rizal Memorial Colleges and a Bachelor of Laws degree from the University of Mindanao.
Rhodora S.N. Englis, PhD – Dr. Englis has been a director of the CIMA from June 2017 up to the present. Dr. Englis is concurrently the Chair of the Board of Directors for the Iligan City Development Cooperative Council, member of the Board of Directors of CLIMBS Life and General Insurance Cooperative, member of the Board of Directors of NATCCO and member of the Finance Committee of MASS SPECC. Dr. Englis earned her PhD in Language Studies from the Mindanao State University, Marawi City as a CHED-MAEP scholar and her Masters in Education, Reading from the University of the Philippines, Diliman, Quezon City. She is a Full Professor VI at the MSU-Iligan Institute of Technology, which she served for 42 years.
Casimiro B. Juarez, Jr. – Atty. Juarez, Jr. has been a director of the CIMA from the latter’s inception up to the present. He is a corporate and in-house counsel of the Capitol Group of Companies from 1975 up to the present. He was President and Chief Executive Officer of the Capitol University of Cagayan de Oro City since 1988 up to the present. He was a litigation lawyer and general law practitioner from 1971-1986. He was a corporate and in-house counsel for Iligan Lumber Company, Inc. (1971-1988), B.B. Andrada Group of Companies (1971-1988), and A.V. Dionisio Group of Companies (1971-1973). He was President of the Bataan Heroes Memorial College (1980-1987). Atty. Juarez, Jr. graduated with a Bachelor of Arts Major in English and minor in Political Science and a Bachelor of Laws.
Sofronio V. Talisic – Mr. Talisic has been the independent director of the CIMA from the latter’s inception up to the present. Mr. Talisic was the Chairman of the Nabunturan Integrated Cooperative 2011-2014 and 2006-2008. He was previously Chairman of the Provincial Cooperative Union of Davao, Davao Allied Development Services and Cooperative, and the Federation of Peoples Sustainable Development Cooperative. He was Vice Chairman of the Model Cooperative Network. He graduated college from the PMI Colleges in Tagbilaran City and earned a post graduate degree from the Ateneo de Davao University.
Danilo T. Cabahug – Mr. Cabahug has been the independent director of the CIMA from June 2017 up to the present. He is concurrently a member of the Board of the Perpetual Help Community Cooperative and Vice Chair of the Philippine Cooperative Central Fund Federation. He is concurrently a member of the Mediation and Conciliation Committee of the CLIMBS Life and General Insurance Cooperative, President of the Negros Oriental Food Producers Association and Chairman of the Board of Day 8 Tisoy Condiments Corporation.
Celemecia Q. Neri – Ms. Neri has been Treasurer of the CIMA since June 2017 up to the present. Ms. Neri is concurrently the Chairman of the Oro Savings and Sharing Cooperative. She graduated with a Master’s degree in Business Administration from Xavier University, Cagayan de Oro City and a Bachelor’s degree in Accountancy from the University of Bohol.
Teddy A. Obsina – Mr. Obsina has been the Investment Manager of CIMA from its inception up to the present. Mr. Obsina was previously the Program Director of the CLIMBS Institute for Financial Literacy from 2011-2014. He held various positions at Union Bank of the Philippines from 1990 to 2005, the last position being Business Manager for the Northern Mindanao Area. Mr. Obsina graduated with a Bachelor of Arts major in Economics from the Xavier University and a Master’s degree in Management from the Liceo de Cagayan University.
Reynaldo G. San Andres – Mr. San Anders has been the Compliance Officer of the CSCEIF from its inception up to the present. Mr. San Andres is concurrently the Compliance Officer and Comptroller of the CLIMBS Life and General Insurance Cooperative and Chairman of the CLIMBS Employees Cooperative. He was formerly the President of the Novaliches Development Cooperative. Mr. San Andres graduated with a Bachelor’s degree in Science major in Accountancy from the Metro Manila College and a Master’s degree in Business Administration also from the same college. Mr. San Andres is a Certified Public Accountant.
Directors and Officers of CIMAC
Directors & Officers