About the ceo/chairman
David Macias
Chairman and CEO
26 years Registered Licensed Financial Advisor |
19 years Petroleum and Commodities Trader & CEO
of Sunshine Energy & Commodities, Inc. |
6 years Corp Finance & Project Development
of Hydro Alternative Energy, Inc. |
9 years Founder, CEO/Chairman of Upower, Inc. |
Mr. Macias has 11 years of Renewable Energy Project experience. Currently is Chairman of the Board and CEO of Upower Group, Inc. as of May 2013. Upower is a Renewable Energy Developer of Solar Projects Internationally focused on building Utility-Scale Solar Plants through Power Purchasing Agreements (PPA's) with Governments or National Electric Companies Worldwide. Upower signed via Upower Honduras a PPA with The Empresa Nacional de Energía Eléctrica (ENEE), the Honduran Government owned Electric Company on January 2014 to develop what became Latin America's Largest Photovoltaic Solar Power Plant to date, funded by The World Bank as Project 8404 as Upower Honduras for $232mm and fully operational on Honduras' west coast city of Nacaome. From October 2011 to December 2014, Mr. Macias was Senior Vice President of Corporate Finance and a shareholder of Hydro Alternative Energy, Inc., a Florida corporation specializing in the development of Hydroelectric and Hydrokinetic power generation with a Patented Ocean Turbine named “Oceanus”.
Additionally, Mr. Macias also has extensive management training experience and is a long-term veteran of the physical energy and commodities business, owning physical trading company Sunshine Energy & Commodities, Inc. over the past decade. Sunshine Energy & Commodities, Inc. is a Supplier, Marketer, Trader, Miner, Financier, and Principal Owner of both Iron Ore and Petroleum-Based products including Crude Oils, Fuel Oils, various Distillates, and other Commodities worldwide. SEC is well-positioned in all aspects of Physical Commodities Global Trading in cargos. This includes access to Logistics of Bulk Vessels/Tankers and strategically located Storage Tank Facilities to Supply at various Refineries/Producers/Mills, and a Network of Qualified Institutional Buying Entities and End Users Globally. Through our long-established industry relationships, we buy only directly from Owners and Producers of Products, and are registered and Trade with mostly Major Producers, Refineries, Steel Mills, and Industry Giant Clientele worldwide, including several globally recognized Trading Firms, allowing for institutional pricing for wholesale distribution.
Mr. Macias also brings over 30 years of Wall Street financial experience. Credentials include a successful career managing over $400,000,000 in Assets Under Management in the Financial Markets for over 3,500 Clients. Multi-Million Dollar Private Capital Raises and participation in Bringing Public over 154 Publicly Traded Companies since 1987. Mr. Macias was a registered and licensed brokerage Financial Advisor until 2013, retiring from the business as 75% Owner of a boutique investment bank and financial advisory brokerage firm Pacific Pearl Group and Pangaea Capital of Pasadena, CA and West Palm Beach, FL.. Mr. Macias began his career in 1987 at Lehman Brothers. Mr. Macias served in various capacities as a Senior Vice President (“SVP”) of several different FINRA member broker dealer firms, after receiving his Series 7 and 63 stock brokerage licenses. These included: Shearson Lehman Hutton, D.H. Blair & Co., GKN Securities, Gruntal & Co., and Sterling Financial Investment Group. In 1992, Mr. Macias was instrumental in the initial launch, creation, distribution, and capital raising efforts of a new exchange traded investment securities named "SPACs " (Special-Purpose Acquisition Companies).
Special Interests and Education
Through the encouragement of his late Father, Israel Izzy Macias, a Master Electrician responsible for the joy of millions of people, spearheading the efforts for 30 plus years at Rockefeller Center and Radio City Music Hall and its famous Christmas Tree Lighting. Mr. Macias was a recipient of the national 4-year full tuition Rockefeller Group Scholarship Program based on his academic achievements at Abraham Lincoln High School in Brooklyn, NY. Mr. Macias then graduated from Brooklyn College, a City University of New York, receiving a Bachelor of Science in Business, Management, and Finance with a minor in Spanish in 1989. Mr. Macias is very active in various social and charitable activities with his Mother Irene Macias as his inspiration as 15-year metastasized cancer survivor, who unfortunately passed away as well in 2016, yet continues organizing Breast Cancer Awareness events, hosting Pink Ribbon Parties, and a major contributor to No Small Affair, a charitable organization in which he is active in arranging for and chaperoning underprivileged children to football, baseball, and basketball games with the Miami Dolphins, Florida Marlins, and Miami Heat respectively.
