FE Credit appoints new acting general director

FE Credit, a leading consumer finance company in Vietnam, has announced the appointment of Nguyen Thi Minh Nguyet as acting general director from May 4, replacing Kalidas Ghose.

Nguyet is a member of the executive board of Vietnam’s largest bank by charter capital VPBank, holding the position of head of operations.

Joining VPBank in 2014, she has held a number of important positions. Nguyet also has 17 years of experience working at ANZ bank, with management positions in the fields of finance, operational risk management, project management, operations, and internal auditing.

On April 30, Kalidas Ghose officially stepped down from his position of general director and moved to a new role as a senior advisor on FE Credit's board of directors. Ghose has been at FE Credit since the early days of its establishment.

VPBank, Vietnam’s largest bank by charter capital, recently received a 10% deposit from Sumitomo Mitsui Banking Corp. (SMBC) in a deal to sell its 15% stake to the Japanese major bank, according to VPBank chairman Ngo Chi Dung.

At the bank's annual general shareholder meeting in Hanoi on April 18, he said his bank had earlier signed the deal to transfer 1.19 billion shares equal to 15% of its charter capital to its Japanese strategic investor SMBC for about $1.5 billion.