Nguyen Hong Nam, new CEO of SSS Securities Corporation. — Photo courtesy of SSI

The board of directors of SSI Securities Corporation have approved the appointment of Nguyen Hong Nam as CEO.

Nguyen Duy Hung will remain chairman and in charge of the company's strategy and development committee.

Nam, 53, is one of the co-founders of SSI along with Hung.

His appointment is aimed at reassigning responsibilities, with the chairman focusing on long-term strategising and the CEO taking care of operations, the company said in a release.

Besides, separating the titles of chairman and CEO not only aims to raise corporate governance to modern standards, but is also expected to be necessary to implement operational strategies, bringing the best values ​​to customers, shareholders and company employees, it said.

SSI is the largest securities company in the country, with charter capital of over VND6.029 trillion (US$261.8 million) and leading the market in stock brokerage and fund certificates for the last six years. — VNS