Wednesday, May 23 2018

VietNamNews

Banks change senior management in 2018

Update: April, 27/2018 - 22:00
Sacombank has a new member of board of directors in 2018. - Photo Sacombank
Viet Nam News

HÀ NỘI – The domestic financial market has witnessed changes in key personnel in many banks at the 2018 annual general meeting (AGM) season.

At its AGM on Thursday, Kiên Long Bank elected the Board of Directors (BoD) and Supervisory Board (SB) for the new term, with Lê Khắc Gia Bảo replacing Võ Quốc Thắng as chairman of the bank. 

Born in 1979, Bảo has more than 17 years of experience in the banking and auditing sectors and has been head of Kiên Long Bank’s SB for five years.

Thắng said he had resigned from the position of the bank’s chairman to meet a regulation of the central bank. The revised Law on Credit Institutions, which was passed by the National Assembly and came into effect on January 15, 2018, prohibits bank leaders from taking up senior positions in other businesses.

A day earlier, at ABBank’s AGM, its chairman Vũ Văn Tiền also decided to quit to become the chairman of Geleximco to meet the central bank’s regulation. Tiền had served as ABBank’s chairman for 15 years.

Đào Mạnh Khang, who has more than 15 years of experience in the banking industry, will replace Tiền as ABBank’s chairman.

On April 20, Sacombank’s AGM approved the resignation of board member Kiều Hữu Dũng as per his desire and elected CEO Nguyễn Đức Thạch Diễm as board member for the term 2017-21 while also appointing Nguyễn Văn Huynh as independent board member for 2017-21.

Meanwhile, LienVietPostBank’s AGM changed its BoD and SB for the new term 2018-23. The bank’s new chairman is its former deputy chairman, Nguyễn Đình Thắng. Former chairman Nguyễn Đức Hưởng was earlier asked to leave the post due to health reasons.

ACB also elected its BoD and SB for the new term. The central bank approved ACB’s election of eight candidates as BoD for the new term of 2018-23. The candidates include Trần Hùng Huy, Nguyễn Thanh Long, Dominic Scriven, Đinh Thị Hoa, Đặng Thu Thủy, Đàm Văn Tuấn, Hiệp Văn Võ (independent board member) and Huang Yuan Chiang (independent board member).

ACB had originally announced a list of 11 nominees and self-nominees (of which ACB nominated 10 and the shareholders’ group, holding more than 10 per cent stake, nominated one), but the central bank did not approve the candidature of three nominees —Nguyễn Văn Hòa, deputy CEO of ACB; Đỗ Minh Toàn, CEO of ACB and Nguyễn Duy Hưng, nominated by the shareholders’ group and related to the bank’s former chairman, Nguyễn Đức Kiên.

It is predicted that senior personnel in the banking sector will continue to be changed in the near future as many bank leaders will have to choose between bank and business as per the central bank’s regulation. - VNS

 

 

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