Timo appoints Nirukt Sapru to Global Advisory Board

Nirukt Sapru joins the Global Advisory Board of Timo Digital Bank platform

With more than 34 years of experience in retail, commercial and investment banking, Nirukt possesses deep emerging market experience across Asia, the Middle East, Eastern Europe, and Latin America, coupled with having run businesses in the OECD markets of Australia, Europe, and North America.

Most recently, he served as Standard Chartered Bank CEO for Vietnam and Cluster CEO for ASEAN and South Asia cluster markets. During his tenure, Standard Chartered Bank Vietnam became one of the leading international banking franchises in Vietnam and he is in particular credited for building out a digital retail franchise.

Prior to joining Standard Chartered, Nirukt was global head of Emerging Markets and Leverage Finance for ABN AMRO Bank based in London.

His extensive knowledge and experience in Vietnam and other financial markets will allow him to contribute significantly to the long-term domestic and international development of Timo.

Both Nirukt and Timo strongly believe that any strategy must be based on customer-centricity.

“Timo has an extraordinary cloud based native digital platform which allows it to provide a truly world-class digital solution for its customers,” said Nirukt. “With its obsession with customer outcomes, I am excited to join the team at Timo to serve our customers and give them a truly world class customised experience.”

With this appointment, Timo gains an exciting opportunity to understand international financial development trends and customise them to the digital banking ecosystem in Vietnam. Nirukt will therefore play a key advising, supporting, and empowering role for Timo’s senior management, complementing and validating strategic matters.

Setting up a Global Advisory Board is crucial to assist Timo in realising its aspirations of becoming the preferred “financial partner” for customers and provide the best financial experience anytime, anywhere.

To further advance this mission, Timo has concurrently made a series of additional senior management appointments tasked with developing further innovative solutions. The company hopes to positively contribute to the overall development of the banking and financial sector in Vietnam and improving the lives of the Vietnamese people through innovative and customised digital solutions.

These efforts are also starting to attract global attention. Recently, Timo was awarded Best Digital Bank in Vietnam 2021 by the prestigious International Business Magazine, the third consecutive year that Timo has received the award “Best Digital Bank in Vietnam”.

Nguyen Bao Hoang, CEO of Timo said that he sees the line between digital and traditional banks continuously blurring in the future. Timo therefore aspired to simply become a leading bank in Vietnam over the next decade.

Meanwhile, in addition to strengthening its position domestically, Timo is also assessing international strategic opportunities. Specifically, the company is open to international partners and investors who can provide strategic value to the financial ecosystem and reach customers in both financial and non-financial segments to increase Timo’s overall competitiveness in this period of abundant opportunity but also significant challenge.