VPBank appoints two executive managing directors

Tuesday, Aug 07, 2018 09:00

Sanjeev Nanavati

VPBank has appointed two members of its management team to the positions of executive managing directors and deputy CEOs.

Sanjeev Nanavati and Luu Thi Thao, in charge of generating revenue and supporting business units respectively.

Prior to this appointment, Nanavati has more than thirty years of global and Asian banking experience at Citibank, Standard Chartered Bank, and Bank of America.

He has served as Citibank’s longest-serving CEO in Malaysia, and has also served as senior advisor to McKinsey regarding Asian banks. He is also a thought leader and contributor on business and management issues to the Times Business in Singapore.

Luu Thi Thao

Joining VPBank’s board of management since the end of 2011, Thao has played a leading role in a comprehensive transformation program for VPBank.

She has provided VPBank with a wealth of knowledge and insights on the local environment with more than 20 years of experience working at big four audit firms (PWC, KPMG) and big global banks like such as ABN AMRO, ANZ.

Welcoming the two executives, Ngo Chi Dung, VPBank’s Chairman said: “VPBank is on its way to become a world-class bank to serve the needs of the Vietnamese market.

“The Board of Directors recognises that in order to achieve our ambitious vision, we need to combine top international talent with native human resources in an effective organisational structure.”

Nanavati added: “VPBank has built a unique platform and position to take advantage of the many opportunities that present themselves in the market.

“The focus going forward will be capitalising on growth opportunities built on a foundation of disciplined customer segmentation, strong credit quality, differentiated value propositions for both customers and employees, and prudent cost management.”

“As a transformation leader over the past five years, I strongly believe that VPBank has a solid foundation and advantages to become ‘Home of Talents’ from all over the world. We respect diversity and inclusion, as well as embrace individual differences. Being a local-international bank will surely differentiate us from other banks in the market.” — VNS

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