The Wave Of Changing Senior Personnel At Banks Returns

HCM City Development Joint Stock Commercial Bank (HDBank), on April 2, announced the change of two critical senior staff of this bank. Specifically, Nguyen Huu Dang, who had held the position of general director of HDBank since 2010, would resign to become vice Chair of the Bank’s Board of directors. Meanwhile, Pham Quoc Thanh, deputy general director, was appointed as general director in place of Dang.

The change, as mentioned above in HDBank, was considered as an important moment in the transition of senior personnel. Because the decision was made when the country was implementing social isolation, HDBank had to organise the appointing ceremony online, connecting 154 points with 154 branches and associations, departments for all employees to track.

Previously, Vietnam Maritime Joint Stock Commercial Bank (MSB) had changed personnel similar to HDBank. In mid-January of this year, Huynh Buu Quang was dismissed from the position of general director to become permanent vice Chair of the Board of directors. Nguyen Hoang Linh, general director of Retail Banking (in MSB, heads of divisions were also called general director), acting Acting general director from February 1, 2020, and waiting for the decision to accept the agreed to be general director from the State Bank of Vietnam (SBV).

Another bank just changing its personnel a few days ago, on April 1, was An Binh Commercial Joint Stock Bank (ABBank). Accordingly, Pham Duy Hieu, Acting general director of ABBank, was approved to resign from his position as a bank executive, to switch to the Human Resources Committee, focusing on training and digital banking project of ABBank.

Replacing Hieu’s position was Le Hai, who was just one day away on March 31, announced his resignation as Military Commercial Joint Stock Bank (MB) deputy general director. Therefore, Le Hai transferred from MB to ABBank to become general director, currently holding the position of Acting general director while waiting for the approval from the SBV.

At MB, Le Hai had made outstanding contributions to promoting product and service development for small and medium-sized enterprise and individual customers. The fact that ABBank’s boss brought Hai to the position of general director showed that ABBank seemed to look forward to the breakthrough of the retail segment that Hai had succeeded in at MB before.

In March, up to five banks announced the change of senior personnel, including Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Technological and Commercial Joint-Stock Bank (Techcombank), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank). Specifically, Eximbank, on March 5, appointed Nguyen Quang Thong as vice Chair of the Board of directors and La Quang Trung as Chief Accountant. On March 13, VietBank announced the replacement of general director when Nguyen Thanh Nhung resigned from his aspirations after six years working with VietBank. The one that would be responsible for the Acting general director was Le Huy Dung, deputy general director of VietBank.

The bank that, at the same time, changed personnel with VietBank was BIDV. The bank announced the appointment of four new deputy general directors along with the addition of two members of the Board of directors. The general Meeting of Shareholders elected two members of the Board of directors, Le Kim Hoa (Deputy general director of BIDV) and Tran Xuan Hoang (Deputy general director of BIDV), on March 7. The four deputy general directors were Phan Thanh Hai (Head of Wholesale Banking Division and director of BIDV’s Corporate Banking Department), Hoang Viet Hung (Director of BIDV’s Personnel Department), Nguyen Thi Quynh Giao (Director of BIDV in Hanoi branch) and Tran Long (Director of BIDV in Ha Thanh branch).

Meanwhile, at Sacombank, Pham Quoc Huynh was announced to no longer be the deputy general director since the middle of March and no longer hold any managerial position.

Also, Techcombank recently announced the appointment of Phung Quang Hung as Standing deputy general director cum Chief Executive Officer and Head of Financial Advisory and Customer Service (CSA) since March 15. This was considered to be ‘paving the way’ for Techcombank to have a new Chief Executive Officer (CEO) in September when Nguyen Le Quoc Anh planned to leave the bank after five years of office.

 

Category: Finance, Vietnam

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