VPBank appoints two executive managing directors

Sanjeev Nanavati, new executive managing director of VPBank

Prior to this appointment, Nanavati has over 30 years of global and Asian banking experience at Citibank, Standard Chartered Bank, and Bank of America. He has served as Citibank's longest-serving CEO in Malaysia, and has also served as senior advisor to McKinsey regarding Asian banks. He is also a thought leader and contributor on business and management issues to the Times Business in Singapore.

Joining VPBank's Board of Management since the end of 2011, Luu Thi Thao has played a critical leading role in a comprehensive transformation program for VPBank. She has provided VPBank with a wealth of knowledge and insights on the local environment with over 20 years of experience working at Big 4 auditing firms (PwC and KPMG) and big global bankslike ABN AMRO and ANZ.

Luu Thi Thao, new deputy CEO of VPBank

Welcoming two senior business leaders, VPBank chairman Ngo Chi Dung said: “VPBank is on its way to become a world-class bank to serve the needs of the Vietnamese market. The Board of Directors recognises that in order to achieve such as ambitious vision, there is a need to combine top international talent with native human resources in an effective organisational structure.”

Nanavati added: “VPBank has built a unique positioning and platform to take advantage of the many opportunities that present themselves in the market. The focus going forward will be on capitalising on growth opportunities built on a foundation of disciplined customer segmentation, strong credit quality, differentiated value propositions for both customers and employees, and prudent cost management.”

Thao shared: “As a transformation leader of over the past five years, I strongly believe that VPBank has a solid foundation and advantages to become “Home of Talents” from all over the world. We respect Diversity and Inclusion, as well as embrace individual differences. Being a local-international bank will surely differentiate us from other banks in the market."