HSBC Vietnam has first local CEO

Thanh Nien News

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Pham Hong Hai has been officially appointed to the new Chief Executive Officer (CEO) of HSBC Bank (Vietnam) Ltd since Dec. 1, becoming the first ever Vietnamese person to head operations at the foreign-owned bank.
Hai succeeds Sumit Dutta, who served as the CEO from May 2011 through July 2014 before moving to HSBC Indonesia, according to a press release issued by HSBC Vietnam Thursday.
Hai holds a bachelor's degree in business administration from the University of Economics in Ho Chi Minh City and a professional diploma in financial services from the Institute of Financial Services in the UK.
Hai, a well-known and respected figure in the country’s banking and finance sector, first joined HSBC in 1995 and then became the first ever Vietnamese national to be appointed head of Global Markets at HSBC Vietnam in 2004 and head of Global Banking and Market (GB&M) in 2012.
With local insights and international banking expertise, Hai is expected to not only promote Vietnam across global markets and provide foreign investors with invaluable support in Vietnam but also to assist Vietnamese corporations to expand internationally.

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