MB Discloses Information on Senior Personnel

Military Commercial Joint Stock Bank (MB) recently released the Resolution of the Board of Directors on the dismissal of Mr. Le Huu Duc as Chairman of the Board of Directors, the election of Mr. Luu Trung Thai as Chairman of the Board of Directors for the 2019-2024 term and the appointment of Mr. Pham Nhu Anh as Deputy General Director in charge of the Executive Board.

From left to right: Mr. Le Huu Duc, Mr. Luu Trung Thai and Mr. Pham Nhu Anh

From April 12, 2023, Senior Lieutenant General Le Huu Duc resigned as Chairman of MB's Board of Directors in the 2019-2024 term according to his personal wishes and proposed the MB General Meeting of Shareholders to ratify his resignation. Mr. Luu Trung Thai, Vice Chairman of the Board of Directors cum General Director of MB, was elected Chairman of the Board of Directors, replacing Mr. Le Huu Duc. On the same day, the Board of Directors assigned Mr. Pham Nhu Anh as Deputy General Director in charge of the Executive Board, taking over the powers and duties of the General Director.

Chairman Le Huu Duc resigns on personal wishes

Senior Lieutenant General Le Huu Duc is known as a chief architect of MB. He has led MB for 12 years, experienced three strategic phases and left strong impressions on shaping strategic orientations and building an advanced management and operating platform. During his leadership, MB’s profit grew 10 times and rose to be the best performer in terms of scale and performance. He focused on building organizational culture, fostering a qualified, dedicated, creative, disciplined, persistent and enterprising workforce.

Mr. Luu Trung Thai was elected Chairman

On April 12, 2023, Mr. Luu Trung Thai, Vice Chairman cum General Director of MB, was elected Chairman of the Board of Directors of MB for the 2019 - 2024 term and dismissed as Vice Chairman of the Board of Directors and General Director.

The newly elected Chairman was graduated with a Master of Business Administration, University of Hawaii, USA. Mr. Luu Trung Thai, born in 1975, has worked for MB for 26 years, assigned to various important positions at the bank. He was installed into the MB Board of Directors in 2013 and appointed Vice Chairman of the Board of Directors. In the 2013-2017 period, he took part in restructuring MB’s member companies and played a significant role in building a powerful financial group ecosystem with six member companies that are operating safely and sustainably.

In January 2017, he was elected Vice Chairman of the Board of Directors cum General Director of MB. MB has continuously secured its Top 5 profit-making bank since then and a Top bank on return on equity. With an annual profit of over VND20 trillion, MB is standing among the 30 largest companies in Vietnam (according to the VNR500 Ranking released by Vietnam Report and Vietnamnet Newspaper) and a top taxpayer to the state budget.

MB's customer base and digital transaction scale grew strongly. To date, MB has over 20 million customers, including 7 million new customers in 2022. Digital transactions skyrocketed to the Top 1 by market size with 1.8 billion transactions, twice as many as in 2021. Digital transactions accounted for over 95%. MBBank App ranked No. 1 downloads among financial applications.

As an innovative leader, in his new position, Mr. Luu Trung Thai will lead MB Group to realize the vision of “Becoming a leading digital financial group”.

Mr. Pham Nhu Anh appointed Deputy General Director in charge of the Executive Board, holding the powers and duties of the General Director

Mr. Pham Nhu Anh, born in 1980, has worked in the financial and banking sector for nearly 20 years. At MB, he was appointed to hold many positions from Branch Manager, Southern Sales Division Director and Member of the Executive Board.

In the 2007-2017 period, as a director of some branches, he led the best-performing branches in the Central and Southern regions. In April 2017, he was assigned Director of Corporate and Institutional Banking (CIB).

In August 2020, Anh was appointed as Member of the Executive Board, leading the Southern business and the CIB Division. These units have grown rapidly and safely by 2-5 times in the past three years.

With the change of senior leadership, MB will quickly carry out its development strategy for the 2022-2026 period, aiming to become a Top 3 bank in terms of performance and heading towards Top Asia".

Le Hien (Vietnam Business Forum)