Many big bosses of ACB bank leave their positions

BankACBOn the afternoon of September 19, the company announced the acceptance of the resignation of Mr. Tran Xuan Gia and two Vice Chairmen of the Board of Directors. In addition to health and personal reasons, these men are also related to the case of former General Director Ly Xuan Hai.

Deputy General Director of Asia Commercial Bank (ACB) Nguyen Thanh Toai said that Mr. Tran Xuan Gia has cancer and underwent major surgery at the beginning of the year, and only now people have advised him to rest.

Mr. Tran Xuan Gia is one of the few senior leaders who, after retirement, still participates in many economic and social activities. Photo: Nhat Minh

In addition, in this bank's information, Mr. Gia was among the members involved in approving Mr. Ly Xuan Hai to authorize 19 bank employees to receive 718 billion VND from ACB to deposit in the Vietnam Joint Stock Commercial Bank for Industry and Trade.Male.

Also according to the announcement released on the afternoon of September 19, ACB said it had approved Mr. Le Vu Ky and Mr. Trinh Kim Quang to resign from their positions as Vice Chairmen of the Board of Directors. In addition to personal reasons, these two men were also dismissed because of their involvement in the case of Mr. Ly Xuan Hai mentioned above."These 3 members are related to the previous case of Mr. Ly Xuan Hai and do not affect the current normal operations at ACB," Mr. Toai affirmed.

This is the latest development in the high-level personnel changes at ACB. Previously, the bank also accepted the resignation of Mr.Ly Xuan Haiand replace himDo Minh Toan.The new Chairman of the Board of Directors of ACB will be Mr. Tran Hung Huy. The remaining two Vice Chairmen of the Board of Directors will be appointed to Mr. Julian Fong Loong Choon and Mr. Luong Van Tu (former Deputy Minister of Trade, now Ministry of Industry and Trade).

At ACB, Mr. Tran Xuan Gia served as an advisor to the Board of Directors before being appointed Chairman. He joined ACB in November 2006, immediately after receiving his retirement decision on October 1 of that year. Before that, he was a member of the 10th National Assembly, Vice Chairman of the State Planning Committee, and Minister of Planning and Investment. In addition, he is also an Associate Professor and lecturer at the National Economics University in Hanoi.

Mr. Tran Hung Huy, who replaced Mr. Gia, is the son of founder and former chairman of ACB Tran Mong Hung. Mr. Huy graduated with a bachelor's degree in business administration, finance, and international business in 2000 and a master's degree in business administration in 2002 from Chapman University (USA).

In 2011, he received his PhD in Economics from the University ofGolden Gate(USA). He has held the position of Marketing Director of ACB since 2002 and was appointed Deputy General Director in 2008. After that, he held the position of Director of Human Resources Management, permanent member of the Board of Directors, Human Resources Committee, and member of the Risk Management Committee.

The State Bank also issued a notice late on September 19 confirming that ACB had approved the resignation of three members of the Board of Directors and their replacement by other personnel. Thus, the current ACB Board of Directors will have seven members, three of whom are foreigners.

According to the State Bank's request, in order to comply with the provisions of the law, in the coming time, ACB must organize a general meeting of shareholders to carry out the procedures for dismissal and appointment of members of the Board of Directors, ensuring the number and structure in accordance with the charter.

According to VnExpress-M