VietnamExpress-Oct 16

Several Vietnamese banks have appointed foreigners to key positions such as CEO and chairman as new growth drivers. The Sai Gon Joint Stock Commercial Bank (SCB) this month has announced the appointment of Chen Yi-Chung (Jeremy Chen) as the new acting CEO, replacing a Vietnamese predecessor. Taiwanese Chen, with over 20 years of experience working for Citibank Asia – Pacific, Standard Chartered Bank and other financial organizations, is expected lead the bank’s new transformation strategy for the next decade and make it one of the top profitable banks in the country. Techcombank, the nation’s largest private lender, appointed German Jens Lottner as its new CEO in August. Lottner, with 28 years of experience in the financial world, has served in companies like McKinsey and Boston Consulting Group, and also has experience working in Asian markets. His last position was chief financial officer of Thailand’s Siam Commercial Bank.

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