11/12/2024

MB Officially Appoints New Senior Leadership Team at OceanBank

On December 10, MB officially appointed a new senior leadership team for OceanBank, comprised of seasoned professionals with extensive experience in the banking and finance sector, who have been long-time contributors to the Military Commercial Joint Stock Bank (MB).

Additionally, starting December 18, OceanBank will be renamed Modern Bank of Vietnam Limited (abbreviated as MBV), with the vision of becoming a modern, secure, and sustainable financial institution.


Mr. Vu Thanh Trung (left) - Chairman of the Members' Council of MBV, and Mr. Le Xuan Vu (right) - CEO of MBV.

Nearly two months after MBV officially joined MB Group, on December 10, MB announced the appointment of senior executives to the Members' Council, Supervisory Board, and CEO positions at MBV.

Accordingly, Mr. Vu Thanh Trung, Vice Chairman of the Board of Directors (BOD) at MB, will concurrently serve as the Chairman of the Members' Council of MBV, while Mr. Le Xuan Vu, a Member of the Executive Board of MB, has been officially appointed as a Member of the Members' Council and CEO of MBV.

Mr. Vu Thanh Trung holds a master's degree in business administration and has 14 years of experience within MB Group. He has held key roles such as Deputy General Director of MBCapital, Deputy Director of the Investment Division, and Head of CEO Office. In 2017, he became the Director of the Digital Banking Division, and since August 2020, he has served as a Member of the Executive Board. Between 2016 and 2023, he concurrently served as Vice Chairman of the BOD at MBS.

Mr. Trung has extensive experience in investment and retail banking and has played a significant role in positioning MB as a leader in digital transformation, achieving a top-tier customer base in recent years. Recently elected as a Member of the BOD for the 2024-2029 term by MB's General Assembly of Shareholders, Mr. Trung has also been selected by the BOD to serve as Vice Chairman of MB.

Mr. Le Xuan Vu holds a master’s degree in business administration and has nearly 30 years of experience in the banking and finance sector. He has held various senior management positions at prestigious financial institutions, particularly in modernizing banking operations and implementing international standards in financial governance.

Mr. Vu joined MB in 2017 as a Member of the Executive Board, overseeing the Personal Banking Division, Operations Division, and several other strategic initiatives.

With their new roles at MBV, Mr. Vu Thanh Trung and Mr. Le Xuan Vu will step down from their positions as Members of the Executive Board at MB. Following these appointments, MB's Executive Board will now consist of 12 members.

Additionally, MB has assigned highly qualified and experienced professionals in the banking and finance sector to join the Members' Council and Supervisory Board of MBV, enhancing the bank's governance and operational capacity. These appointments aim to position MBV as a modern, secure, and sustainable financial institution in the near future.

MB Group Expands Its Ecosystem with Three Banks and Six Subsidiaries

The addition of MBV to MB Group marks a significant milestone as MB evolves into a comprehensive financial ecosystem comprising three banks (MB, MBCambodia, and MBV) and six subsidiaries (MBS, MBCapital, MIC, MB Ageas, MBAMC, and Mcredit). This development further broadens MB's growth potential and reinforces its position as a leading financial group in Vietnam.

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