Hot Seats At Banks Change Hands

SeABank has seen changes in key personnel

Most recently, Nguyen Canh Vinh resigned as CEO of SeABank just four months after taking office. 

On February 8, Le Van Tan, a familiar face, returned to hold the post of deputy CEO, in charge of managing the operation of the bank. Before Vinh began working at SeABank, Tan held the post after CEO Dang Bao Khanh left in June 2017.

SeABank is not the only bank witnessing big changes in key staff recently. In January 2017, MBBank’s Le Cong resigned from the post of CEO to become deputy chair of the bank, while Luu Trung Thai, who was deputy chair, took the post of CEO.

In April 2017, Eximbank appointed Le Van Quyet as CEO to replace Pham Huu Phu, who ended his term in October 2015. In the interim, Tran Tan Loc acted as CEO and managed the bank.

At Sacombank, Nguyen Duc Thach Diem replaced Phan Huy Khang as CEO after he was removed from office in July 2017. Just a short time after the dismissal was announced, Khang and the former deputy chair Tram Be were arrested in connection with a case at Vietnam Construction Bank. 

In September 2017, Nguyen Le Quoc Anh officially became CEO of Techcombank. Prior to that, he became deputy CEO in charge of managing the bank after its foreign CEO Murat Yuldashev resigned.

Meanwhile, the appointments of key personnel at other banks were made in a quiet manner. Viet A in May 2017 removed Phuong Thanh Nhung from office after three years as CEO. At the same time, Nguyen Van Hao was appointed as deputy CEO and he became CEO in July 2017.

As for ABBank, Cu Anh Tuan, who was CEO in February 2016, resigned in January 2018 and Nguyen Manh Quan was appointed to the post.

Many other banks, including NCB, Nam A Bank and PVComBank, also changed their key staff, but the moves did not catch the attention from the public.

According to deputy CEO of ACB Nguyen Thanh Toai, banks decide on whether to go public about personnel changes based on individual cases, not marketing or PR strategies.

“In the banking industry, you can be a hero today and a sinner tomorrow,” he commented.

Meanwhile, Ngo Ngoc Lan from Navigos Search, commented that in many cases, banks choose CEOs who fit their business strategies. A bank that plans to focus on developing digital banking, for example, would choose an expert in the field.

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