[Hanoi, 21st Feb, 2020] Vietnam Technological and Commercial Joint-stock Bank (Techcombank) would like to announce: Due to his desire to be closer to his family, Mr. QuocAnh NguyenLe has requested the Board of Directors (BOD) to not renew his contract with the Bank after Sep 1st, 2020.  

The Board respects and accepted his personal decision after a very successful 5-year tenure with Techcombank. While retaining the title as CEO, Mr. NguyenLe has begun the transition process by delegating all day-to-day management decisions to respective business leaders within the Bank.  Going forward, in addition to transitioning, he will act as a special advisor to Techcombank’s BOD in the search for the next Chief Executive Officer. The BOD has started the process of evaluating internal and external candidates, domestic and internationally.  The Board will take its time to find the strongest successor to ensure continuity of our business excellence and to lead the Bank during its next phase of transformation.

CEO QuocAnh NguyenLe said: “It’s my privilege to lead Techcombank over the past 5 years.  I feel very lucky and grateful to be part of the team that has delivered a string of unprecedented growth and achievements, especially as we start our transformation journey.  Techcombank has one of the strongest and most experienced team of banking executives, and I am very proud to be a member of this team.  I strongly believe that the Board will find the strong candidate, one with a track record of success and integrity to lead the Bank during the next phase of its transformation journey.”

As part of the Corporate Governance process, in 2019 Q4, Techcombank’s BOD approved Mr. NguyenLe’s proposal to delegate decision-making authority to selected senior members of the executive team to allow quicker and more effective decision making.  Most recently, Mr. Phung Quang Hung, Head of the Customer Service and Advisory Division was appointed Managing Director, responsible for day-to-day internal activities of the Bank effectively on January 13th, 2020. By the end of Q3 2019, Techcombank created the Corporate Affairs division led by Vice Chairman cum Deputy CEO Mr. Do Tuan Anh to lead all internal and external stakeholder management.  At the same time, the Bank also established of the Global Transaction Services (GTS) division, led by Deputy CEO Phan Thanh Son).  GTS combined the Transaction Banking and Markets divisions to better serve our corporate customers. 

The Bank has achieved steady revenue growth for 17 consecutive quarters, with record business performance in 2019 when our PBT hit VND12.8 trillion and TOI soared to VND21.1 trillion. Techcombank is also able to maintain its position as the best-capitalized bank as at the end of 2019, with CAR of 15.5% nearly double the minimum requirement of 8% according to Pillar I Basel II calculation. With a clear focus on the “low risk – high returns” business model, Techcombank has become a leading bank in Vietnam in terms of operational efficiency, earning various prestigious awards of “Vietnam House of the Year” from Asia Risk and “Best Bank in Vietnam” from Euromoney, while being the only bank listed in the Top 3 of Vietnam Profit500 as announced by VNReport.

Media Contact :
PHAM VIET CUONG (Mr.)
Techcombank’s External Affair
Tel:  +84 24 3944 6368 - Extension 2322
Email: cuongpv3@techcombank.com.vn