MB appoints Pham Nhu Anh as CEO

The State Bank of Vietnam has granted approval for the anticipated personnel appointment of Pham Nhu Anh as the new CEO of MB.

Pham Nhu Anh, new CEO of MB

Pham Nhu Anh, who currently serves as the deputy executive officer in charge of the Board of Management, will assume the position of CEO following the legal regulations and MB's provisions.

Previously, on April 12, MB entrusted Anh with the position of deputy executive officer in charge of the Board of Management, empowering him with the authority and responsibilities of the CEO.

Born in 1980, Anh holds a Master's degree in Business Administration from UBI Business School in Belgium, specialising in Business Administration, and a Bachelor's degree in Economics, majoring in Business Administration from the University of Economics and Business Administration, Da Nang University.

With a remarkable track record spanning nearly two decades in the finance and banking industry, Anh's journey within MB has been extraordinary. The corporate landscape witnessed his ascent through the ranks, with notable positions including the role of branch director, where his visionary leadership propelled branches to unprecedented heights.

Simultaneously, Anh took charge as a department director and an esteemed member of the Board, leveraging his expertise to steer MB towards unparalleled success.

The years from 2007 to 2017 witnessed Anh's directorial prowess as he helmed multiple branches, igniting an era of excellence across the Central and Southern regions.

April 2017 marked a pivotal moment as Anh assumed the distinguished role of Director of the Corporate and Institutional Banking Department (CIB). Then, in a testament to his commitment, Anh's merit led to his appointment as a Board member in August 2020.

The pivotal role bestowed upon him the responsibility of overseeing the dynamic business operations of units in the Southern region and the coveted CIB division of MB. These units, under Anh's strategic guidance, achieved remarkable growth and stability, with their performance skyrocketing two to fivefold

The appointment of Anh as CEO reflects the trust of the MB's Board of Directors in the young leadership of the bank.

With solid professional expertise and extensive experience in the financial and banking sector, Anh is expected to lead MB in achieving the strategic objectives for 2022-2026, contributing to MB's goal of becoming one of the top three efficient markets and aiming to be a leading financial corporation in Asia.

As of the end of the first quarter of 2023, MB's total assets reached VND760.761 trillion, representing a 4.4 per cent increase. Consolidated pre-tax profit experienced a growth of over 10 per cent compared to the same period last year.

Cost control has remained efficient, with the consolidated cost-to-income ratio remaining below 30 per cent. MB's consolidated return on equity has maintained a high level at 25.3 per cent, ranking it among the top banks in terms of operational efficiency.

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