Vietnam's leading broker SSI appoints 37-year-old CEO

Chairman of SSI Securities Nguyen Duy Hung has called the appointment of Nguyen Duc Thong as new CEO "a strategic move aimed at propelling the company into a new phase of breakthrough development".

The board of directors at SSI Securities Corporation (HoSE: SSI) on Monday appointed Thong, 37, as new CEO, succeeding Nguyen Hong Nam.

Thong joined SSI in 2019 as director of derivatives trading, where he was responsible for developing covered warrant (CW) products.

By the end of 2023, he had advanced to a division director and assistant to the chairman of the board of directors, overseeing key projects and supervising various divisions under the direction of the chairman. In February 2024, he was promoted to the position of deputy CEO.

Born in 1988, Thong holds both undergraduate and master’s degrees from Cambridge University (UK). Prior to joining SSI, he spent several years at some of the world’s leading financial institutions, including Goldman Sachs and Morgan Stanley.

Nguyen Duy Hung, chairman of SSI, expressed confidence in the new CEO: “The combination of international experience and understanding of the Vietnamese market will allow our new CEO to take SSI into a new phase of breakthrough growth. This is a strategic choice, and I am fully committed to directly supporting him in achieving our goals”.

The appointment marks SSI’s continued long-term focus on leadership transition, nurturing a new generation of executives capable of advancing the company further and faster in the digital era.

Founded in December 1999, SSI is one of Vietnam’s oldest and most prominent financial institutions, offering a full suite of services including securities brokerage, investment advisory, fund management, investment banking, and capital trading.

As of June 30, SSI reported total assets of VND90,978 billion ($3.47 billion) and equity of VND27,687 billion ($1.05 billion), increases of 25.4% and 6.6%, respectively, compared to the end of 2024.

The firm holds the second-largest brokerage market share on the Ho Chi Minh Stock Exchange (HoSE), with 10.85% in the first half of the year.

According to SSI's Q2 financial statement, the broker posted VND2,940 billion ($112 million) in revenue and VND1,144 billion ($43.74 million) in pre-tax profit. Consolidated estimates put revenue at VND3,030 billion ($115.8 million) and pre-tax profit at VND1,197 billion ($45.76 million).

After the first half of the year, the company had achieved 53.9% of the year's revenue target and 52.8% of the year's profit target.