Many bankers leave hot seats

According to the amended Law on Credit Institutions, the Chairman of the Board of Directors and General Director of a credit institution cannot concurrently be the Chairman, General Director or equivalent positions of another enterprise.This is a regulation to avoid cross-ownership.

As a result, many businessmen have made decisions about their positions as the Board of Directors enters a new term.Most recently, Ms. Nguyen Thi Nga decided to resign from her position as Chairwoman of the Board of Directors of Southeast Asia Bank - SeaBank to return to the position of Permanent Vice Chairwoman.Replacing Ms. Nga, Mr. Le Van Tan, who was Deputy General Director in charge of banking, was elected Chairman of the Board of Directors of this bank.

In addition to SeABank, Ms. Nga is currently the Chairwoman of BRG - a group specializing in investing in real estate, golf courses, hotels, etc. She is also the owner of many golf courses such as Dong Mo, Do Son (Hai Phong) and Soc Son (Hanoi).

Previously, at the 2018 annual shareholders' meeting held on April 25, Mr. Vu Van Tien also left the position of Chairman of the Board of Directors of An Binh Bank (ABBank) to choose to become the boss of the enterprise.

Currently, Mr. Tien holds leadership positions in many other companies such as Chairman of the Board of Directors and General Director of Geleximco Group, Chairman of the Board of Directors of An Binh Securities Company, Chairman of the Board of Directors of Thang Long Cement Company...

Similarly, Mr. Vo Quoc Thang recently left his position as Chairman of the Board of Directors of Kien Long Bank (Kienlongbank) to become Chairman of Dong Tam Group. This means that after more than five years as Chairman of Kienlongbank, Mr. Thang has left the banking industry.

Sharing about the decision to withdraw from the position of Chairman of ABBank, Mr. Vu Van Tien said that this is the era of technology 4.0 with many changes. He withdrew from the hot seat of An Binh Bank to give way to someone else to do better.

Meanwhile,Mr. Vo Quoc Thang confided that he believes his decision is the most harmonious in the current practical conditions. Although he will not continue to participate in management, he is very willing to arrange time to advise, support, and share with the Board of Directors, Executive Board, and officers and employees of Kienlongbank.

An expert with many years in the financial industry believes that if a businessman operates in many fields, is a large corporation and includes many business segments, the best decision is probably to withdraw from the position of Chairman of the Board of Directors and General Director of the bank.

"If they do not resign from the two key positions above, they will not be able to hold important positions in businesses and corporations - which have been building their brands and positions for decades," he analyzed.

In addition to the above three cases, there may beIn the near future, investors will continue to witness significant volatility - a wave of changes in key leadership positions of a series of banks and large private corporations across the country.