Hanoi (VNS/VNA) - The Vietnam Technological and Commercial Joint Stock Bank(Techcombank) announced the appointment of Jens Lottner as Chief ExecutiveOfficer (CEO), effective August 18, 2020. 

Lottnerbrings more than 28 years of experience in financial services with leadingorganisations such as McKinsey and BCG, and has spent more than two-thirds ofhis career in Asia.

Hepreviously served as CFO of Siam Commercial Bank (Thailand), where he designedand led a large-scale digital transformation programme that included theimplementation of a new mobile banking platform, redesign of segment businessmodels, and installation of a cloud-based data lake and analytics platform.

Lottnersaid: “I am honoured to join Techcombank as it enters its next phase oftransformation. I have been truly impressed by its growth and development in Vietnamand its recognition by the international investment community. I look forwardto partnering with the management team as part of the next phase ofTechcombank’s continued transformation journey, to provide market-leading,highly-digitised banking solutions and services to customers and people across Vietnam."

Onbehalf of Techcombank’s Board of Directors, Chairman Ho Hung Anhsaid: “I am delighted to welcome Jens Lottner as our new CEO. With his depth ofprofessional experience and a proven track record of execution, we areconfident that Lottner is the ideal leader to spearhead the development andexecution of Techcombank’s long-term strategies in moving the bank forward andbringing the best benefits for our customers and stakeholders.”

TheBoard Chairman expressed sincere appreciation to CEO Nguyen Le Quoc Anh for his 5-year service andremarkable contributions during the bank’s strategic transformation.

“Hisleadership and achievements through the 5-year journey with the bank hasbeen invaluable for our stakeholders, and particularly for the more than 11,000employees of Techcombank. I wish him much success on his new journey,” Ho Hung Anhsaid.

Witha focus on customer-centric strategy and “low risk, high return” businessmodel, Techcombank is a leading bank in Vietnam in terms of profitability andoperational efficiency. Techcombank was named the “Best Bank in Vietnam” byFinance Asia and the “Employer of the year” by HR Asia in 2020.

Techcombankdelivered a strong first half of this year with before-tax profit of 6.7trillion VND (up 19 percent from the sameperiod last year) on total operating income (TOI) of 11.8 trillion VND (up 30 percent year-on-year) and extendedto 19 consecutive quarters of year-on-year revenue growth, despite continuingchallenges due to COVID-19.

Thebank continued to lead the market with a healthy 2.9 percent return on assets(ROA) for the last twelve months ending June 30, 2020. With a Basel II CARof 16.9 percent, the highest in the market, Techcombank is well capitalised tosupport its customers in these challenging times and to further enable theirgrowth as the economy rebounds from COVID-19.

Establishedin 1993, Techcombank is one of the largest joint stock banks in Vietnam, and aleading bank in Asia. Techcombank pursues a proven customer-centric strategy inproviding a broad range of banking solutions and services to almost 8 millionretail and corporate customers in Vietnam through an extensive network of over300 transaction offices across the country and through its market leadingdigital banking services.

Thebank’s ecosystem approach implemented across multiple key economic sectorsfurther differentiates Techcombank in one of the fastest growing economies inthe world.

Techcombankis rated highest among banks in Vietnam with a Ba32 from Moody’s and BB-3 fromS&P and was named “Best Bank in Vietnam 2020” by FinanceAsia, and “Best SMEbank 2020” and “Best home loan product 2020” by The Asian Banker. Techcombankis listed on the Ho Chi Minh Stock Exchange (HOSE) under theticker TCB./.