Timo Digital Bank has appointed Henry Nguyen as executive chairman and Jonas Eichhorst as CEO, who will retain his position on the Board of Directors.

In his new leadership role, Eichhorst will continue to work closely with Nguyen and the senior leadership team at Timo, the company said, affirming that the change marks the two-year milestone of Timo’s relaunch of service under its long-term partnership with Viet Capital Bank.

As executive chairman, Nguyen will continue to work on strategy and planning as well as regulatory and external relations, including partnerships and strategic alliances.

In addition to Timo, Henry also serves as chairman of Phoenix Holdings, whose portfolio holdings include strategic partners of Timo, such as VietCredit and Kredivo, Viet Capital Securities, and Viet Capital Bank.

Under Henry’s management, Timo’s re-launched platform has maintained its pioneering position as Viet Nam’s leading digital bank. Timo offers a full stack of banking services including ATM/Debit cards accessible across the entire NAPAS platform, Visa credit cards, and other fundamental banking services.

“While my work at Timo will remain unchanged and uninterrupted, I am extremely excited about Jonas’ promotion to CEO. It reflects all of the hard work and leadership he has exhibited at Timo so far while also expressing the potent and high expectations we all have for him,” said Nguyen.

Over the past 15 years, Jonas has supported the development of a wide range of high-scale products and businesses across various emerging markets. Having first joined Timo’s Board in 2020, Jonas took on the CFO position in 2021 before now being promoted to CEO.

Established in 2015, Timo is the pioneering and leading digital banking platform in Viet Nam. Since its founding, Timo has endeavored to set the benchmark for modern banking, in Viet Nam and beyond. — VNS