Alexandre Macaire appointed as new Techcombank CFO

Tuesday, Jan 11, 2022 20:32

Alexandre Macaire has been appointed as Chief Financial Officer of Techcombank. — Photo courtesy of the bank

The Technological and Commercial Bank (Techcombank) has announced the appointment of Alexandre Macaire as Chief Financial Officer, effective from January 11, 2022.

Macaire succeeds Bang Trinh who has completed his four-year tenure with the bank.

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, Macaire will have responsibility for all aspects of Finance as well as Treasury, Mergers and Acquisitions and Investor Relations.

He gained a degree in Mathematics and Physics from Ecole Polytechnique and is a graduate of the French National School of Administration (ENA).

Jens Lottner, CEO of Techcombank, said: “I believe with his extensive experience and the spirit of 'Be Greater,' 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 realise the bank’s vision 'Changing banking, changing lives.'"

Techcombank’s third quarter 2021 pre-tax profit was recorded at VND5.56 trillion, up by 40 per cent over the same period of 2020.

Specifically, the net interest income of the bank in the third-quarter of 2021 was VND6.7 trillion, representing 31.3 per cent year-on-year increase.

Many other business activities also recorded positive results, such as a net profit from services with VND1.5 trillion (up by 21.2 per cent), profit from foreign exchange trading with VND93.4 trillion (up by 103.9 per cent), and profit from the trading of investment securities with VND306 billion, up by 50.3 per cent year-on-year.

By the end of September 2021, the bank’s current account savings account ratio was 49 per cent, considerably higher than the 46.1 per cent at the end of June 2021. — VNS

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