Techcombank’s foreign CEO resigns, local board member steps in
Techcombank’s foreign CEO resigns, local board member steps in
Simon Morris, chief executive officer of the unlisted Vietnam Technological and Commercial Joint Stock Bank (Techcombank), has resigned "for family reasons" after almost 2 years of working at the Hanoi-based financial institution.
Simon Morris, who was appointed as the bank’s CEO in December 2011,m will quit his job starting today, August 13, said Techcombank.
A member from the board of directors of the bank, Mr. Do Tuan Anh, will temporarily hold the post starting today, the bank announced.
The 40-year-old Do Tuan Anh, who holds a master degree in investment and property management from the University of Singapore, joined Techcombank from August 2007.
Previously, he held many senior positions at the bank, such as senior assistant of the bank’s chairman and the head of strategy. He has been a member of the board since late 2012.
Tuan Anh, obtaining a bachelor of arts in foreign language from Hanoi Foreign Language University, also worked for the State Bank of Vietnam (SBV) before joining Techcombank.
Before this change, the bank’s board chairman Ho Hung Anh said that Do Tuan Anh will help ensure the continuation in Techcombank’s orientation and business strategies set 4 years ago.
The new CEO of the bank said his immediate focus is to help Techcombank complete the business plan of 2013 and the itinerary strategic transformation of the bank.
Techcombank is one of the first local banks hiring the first foreign CEO, paving the way for the new trend in employing foreign human resources in the local banking system.
The former foreign CEO of Techcombank had worked as the CEO of Standard Chartered Bank’s branches in Brunei, Sri Lanka, the Philippines and Indonesia.
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