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Washington SyCip: The Businessman's Achievements and Legacy

Updated: Sep 7, 2022

Moneymax Editorial Team

Washington SyCip Achievements

Business tycoon and philanthropist Washington SyCip passed away at the age of 96, while on a flight to Vancouver from Manila last Sunday, October 7. SyCip founded and was part of many notable businesses such as SGV & Company, Asian Institute of Management, BDO Unibank, and Philippine National Bank. He was a legendary mentor and an advocate of public education, public health, and poverty alleviation. In this article, let us remember his key contributions and legacy.

Founded SGV & Co.

SGV & Co.

Photo from sgv.ph

In 1946, SyCip established SGV & Co after his stint with the US Army and after earning a degree in Columbia Business School. SGV is the Philippines’ largest and oldest accounting firm that audits a large number of publicly listed companies in the Philippine Stock Exchange.

Established the SGV Foundation

SGV Foundation

Photo from sgvfoundation.com.ph

In 1966, SyCip established the SGV Foundation for community and social development and to provide support and financial assistance for education and entrepreneurship.

Founded the Asian Institute of Management

Asian Institute of Management

Instagram photo by @jimmy.domingo

SyCip founded The Asian Institute of Management[1] (AIM), an international business school in Makati, in partnership with Harvard Business School and the Ford Foundation. He also established the Washington SyCip Graduate School of Business to develop future leaders in the country.

The Washington SyCip Park

Washington Sycip Park

Instagram photo by @nomadicentrepreneur

In 2006, Ayala Land developed the Washington SyCip Park to recognize the outstanding contributions of SyCip to the business community. It was launched on June 30, 2006 as part of SyCip’s 85th birthday celebration.

Key Business Associations

      

Selected Awards and Recognitions

  • Ramon Magsaysay Awardee for International Understanding (1992)
  • New Silk Road Award from the California-Asia Business Council (2004)
  • C. James Yen Citizen of the World Award (2004)
  • Ramon V. del Rosario Award for Nation Building (2012)
  • Edmonds Award for International Understanding (2017)

    • Washington SyCip has left a great mark in the Philippines’ business community. He has influenced not only leaders but educators and students as well. Indeed, the 'Grand Old Man of Philippine Business' was a true torch-bearer for the next generation of leaders.

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    Source:

  • [1] Asian Institute of Management

    • About the author

    Moneymax Editorial Team

    Moneymax Editorial Team

    The Moneymax Editorial Team consists of talented and experienced writers, editors, investors, and subject matter experts on a mission to help Filipinos build healthier financial lives. Browse the Moneymax blog for information and advice on credit cards, loans, insurance, investments, and other personal finance topics. For more financial news and articles, <a href="https://www.linkedin.com/company/moneymax-ph" target="_blank">follow Moneymax on LinkedIn.</a>

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