Former HSBC Vietnam CEO to run mid-sized bank OCB
Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).
Pham Hong Hai, acting general director of OCB. Photo courtesy of OCB.
Hai, 50, will replace Nguyen Dinh Tung, who has resigned from the post after 12 years to focus on his work on the board of directors, from May 6, the bank said in a statement.
Hai became the first Vietnamese national to be CEO at HSBC Vietnam in December 2014. He left the post in September 2019 to take on a position at HSBC Canada, and quit HSBC in 2023 after 28 years at the bank.
Before taking office at OCB, Hai was deputy chairman of Hanoi-based Thien Viet Securities Company.
OCB has charter capital of VND20,548.24 billion ($808.5 million), ranking among mid-sized lenders in Vietnam. Its total assets were valued at VND236,979 billion ($9.32 billion) as of end-March, down slightly 1.3% from end-2023.
The bank earned a consolidated net profit of VND953.6 billion ($37.5 million) in Q1, up 21.2% year-on-year, according to its financial statements.
Shares in OCB, listed on the Ho Chi Minh Stock Exchange as OCB, closed up 0.37% at VND13,700 ($0.54) on Friday.
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