[Hanoi, January 11th 2022] The Technological and Commercial Bank (Techcombank) announced today the appointment of Mr. Alexandre Macaire as Chief Financial Officer Techcombank, effective January 11th 2022. Mr Alexandre Macaire succeeds Mr. Bang Trinh who has completed his four-year tenure with the bank.
Mr. Macaire joins Techcombank from HSBC, where he worked for 15 years and held senior leadership positions, with experience spanning Investment Banking, Capital Management and Finance. Most recently, he was Chief Financial Officer for Wealth and Personal Banking Asia Pacific, one of HSBC’s top-priority business divisions. In this role, he helped scale up manufacturing and distribution capabilities across the region and expand into new products and channels, contributing to HSBC’s #1 Wealth Manager ambition in Asia Pacific.
In his new role as Chief Financial Officer of Techcombank, Mr. Macaire will have responsibility for all aspects of Finance as well as Treasury, Mergers and Acquisitions and Investor Relations.
Mr. Macaire gained a degree in Mathematics and Physics from Ecole Polytechnique and is a graduate from French National School of Administration (ENA).
Mr. Alexandre Macaire - CFO of Techcombank
Mr. Jens Lottner, Chief Executive Officer of Techcombank, said: “I believe with his extensive experience and the spirit of “Be Greater”, Mr. Macaire will be an important addition to the Leadership Team, Finance team and Techcombank, contributing to the delivery of our business objectives and strategic goals. His deep expertise in strategic planning and proven success in financial services and personal banking will help us to realize the bank’s vision “Change banking, change lives”.
Techcombank’s Q3/2021 pre-tax profit was recorded at 5.562 trillion dong, up by 40 percent over the same period of 2020. Specifically, the net interest income of the bank in Q3 this year was 6.742 trillion dong, up by 31.3 percent over the same period of last year. Many other business activities also recorded positive results, such as net profit from services with 1.497 trillion dong (up by 21.2%), profit from foreign exchange trading with 93.4 billion dong (up by 103.9%), and profit from the trading of investment securities with 306 billion dong, up by 50.3 percent year-on-year.
By the end of September 2021, the bank’s CASA ratio by the end of September 2021 was 49%, considerably higher than the 46.1 percent by the end of June 2021.
About Techcombank
Techcombank is listed on the HoSE as TCB VN. It was established in 1993 as Vietnam was transitioning from a centrally planned to a more market-oriented economy. Techcombank is now one of Vietnam’s largest joint stock banks, and a leading Asian bank. The Bank pursues a proven customer centric strategy with a broad range of banking solutions and services to 9.2 million customers through an extensive network of over 300 transaction offices. The bank’s ecosystem approach, which is implemented across multiple key economic sectors, further differentiates Techcombank in one of the world’s fastest growing economies.
Moody’s rates Techcombank the highest among Vietnamese banks with a Ba3, Positive Outlook and the only bank being constrained by the sovereign rating. S&P rates the Bank BB-, Stable Outlook.
The Bank was named ‘Best Bank in Vietnam’ by Euromoney in 2018 and 2021, and ‘Best Bank in Vietnam’ by FinanceAsia in 2020, 2021. In 3Q21 Techcombank was awarded ‘Leading Partner Bank in Vietnam’ by Asia Development Bank (ADB) and ‘One of the best companies to work for in Asia’ by HR Asia for two consecutive years. The Asian Banker has also recognized the bank as the‘Best Payments Bank’ and ‘Most Recommended Transaction Bank’ in Vietnam.
