Remarkable CEO Changes at Foreign Firms in Vietnam

Tuan Minh

15:09 17/02/2016

BizLIVE - A number of foreign-invested companies changed chief executive officers during 2015 to fit into their strategy changes.

Remarkable CEO Changes at Foreign Firms in Vietnam

New CEOs of foreign-invested enterprises in Vietnam.

Changes in executives of foreign-invested companies in Vietnam are seldom widely announced. Here are some notable changes announced in 2015:
Hong Leong Vietnam
Raymond Sia Say Guan, CEO of Hong Leong Bank Vietnam. (Photo: VnExpress) 
In December 2015, the Malaysian bank announced the appointment of Mr. Raymond Sia Say Guan to the CEO post, substituting Vietnamese Le Minh Tam, who stepped down several months earlier.
Before being appointed to CEO of Hong Leong Bank Vietnam, Mr. Raymond worked for Standard Chartered Bank and Usaha Tegas Sdn Bhd.
Hong Leong Bank, a subsidiary of Hong Leong Group Malaysia, was the first Southeast Asian bank to be granted a license to operate a wholly-owned foreign commercial bank in Vietnam. Commencing its operations in Ho Chi Minh City in October 2009, Hong Leong Bank Vietnam now has four outlets.
Citibank Vietnam
  Natasha Ansell, Citi Country Officer for Vietnam. (Photo: Vietnam Economic Times)
Ms. Natasha Ansell was appointed as Citi Country Officer for Vietnam after her predecessor Dennis Hussey assumed the top position at ANZ Vietnam.
Citi was the first U.S. financial institution to receive a branch license in 1994 to operate in Vietnam. The bank in July 2015 won approval from the State Bank of Vietnam to set up a wholly foreign-own subsidiary in the country.
Maybank Kim Eng Securities
Kim Thien Quang (R), general director of Maybank Kim Eng Securities. (Photo:
Kim Thien Quang was appointed to the general director post of Ho Chi Minh City-based Maybank Kim Eng Securities in August 2015, replacing Nguyen Hoang Thien Truc.
Mr. Quang, 33, a graduate of the Ho Chi Minh City University of Economics, was one of the founders of Maybank Kim Eng Securities and passed through many positions in the firm.
Maybank Kim Eng Securities Limited became the first wholly foreign-owned brokerage house in Vietnam in early 2014, under the ownership of Maybank Group.
  Pham Van Dung, managing director of Ford Vietnam. (Photo: Ford)
In early July 2015, Ford Motor Company appointed Pham Van Dung to managing director of Ford Vietnam Company, making him the first Vietnamese to take over the position.
Mr. Dung, 46, started to work for Ford Vietnam in 1998 as accountant and was appointed to chief financial officer of the firm in 2009.
The newly-appointed CEO succeeded Filipino executive Jesus Metelo Arias, who was promoted to director of marketing and sales, Ford Asia Pacific.
Cushman & Wakefield
  Alex Crane, C &W Vietnam general manage.
Cushman & Wakefield (C&W) Vietnam in July 2015 announced that Timothy Horton would hand over the position of C&W Vietnam general manager to Alex Crane with immediate effect.
Alex Crane previously held the position as director of Tenant Advisory Group (TAG) for C&W in Vietnam. Under Crane’s leadership, C&W’s TAG team have achieved the highest market share of significant office transactions and advised on three of the six largest office transactions in Vietnam last year.
Pham Hong Hai, CEO of HSBC Bank (Vietnam) Ltd.  
In early December 2014, Pham Hong Hai, 42, was made CEO of HSBC Bank (Vietnam) Ltd., the first home-grown banker to assume the top post at the bank.
Before the promotion, Hai was the head of Global Banking and Markets of HSBC Vietnam from 2012. Prior to his role in Treasury department in 1997, Hai started his career with HSBC in Vietnam in the Financial Control Department in 1995.
Hai holds a Bachelor of Science in Business Administration from the University of Economics of Ho Chi Minh City, and a Diploma in Financial Services Management from the Institute of Financial Services, UK.