Commercial banks have announced the appointments of new officers to key posts recently.

Analysts say that the changes in key personnel at commercial banks have been made more often amid banks’ restructuring and pressure from bad-debt business plans.

In late 2022, the board of directors of LienVietPostBank (LPB) appointed Nguyen Duc Thuy, who was the deputy president, to the post of President of the bank, starting December 9, 2022, after approving the resignation letter from Huynh Ngoc Huy.

In late January 2023, at the extraordinary shareholders’ meeting of Vietcombank (VCB), Nguyen Thanh Tung became a member of the board of directors .for the 2018-2023 term. On the same day, Tung was appointed to the post of CEO of the bank, starting January 30, 2023.

On the same day, at AnBinhBank (ABB), the board of directors announced the decision on appointing Le Thi Bich Phuong to the post of acting CEO to replace Nguyen Manh Quan, who continues to work as deputy CEO.

More recently, Military Bank (MB) last April dismissed Le Huu Duc as president of the bank as per Duc’s personal request, and at the same time appointed Luu Trung Thai as the new president for the remaining time of the 2019-2024 term. Before taking office as the president, Thai was in the post of vice president and CEO of the bank.

The common feature behind the decisions to appoint new managers of the bank, according to observers, is the youth of the new leaders. They say that the personnel selection shows the banks’ strong message about their efforts in digitizing to improve competitiveness, realizing the task of promoting technology and retail models mentioned at shareholders’ meetings.

SHB, for example, has two more deputy chairs of the board of directors for the 2022-2027 tenure – Do Quang Vinh and Do Duc Hai, who once were members of the board of directors and deputy CEOs of the bank.

Vinh is known for his contributions to the bank’s strategy on developing retail banking and digital transformation, and is now leading the implementation of the strategy, including digital banking.

Ta Kieu Hung, who was appointed to the post of acting CEO of NCB last April, has 20 years of experience in the banking sector, who had a lot of experience at Techcombank. 

Manh Ha