SACOMBANK elects Mr. Nguyễn Đức Thụy as Permanent Vice Chairman of the BOD and appoints new Acting CEO

At a recent meeting, the Board of Directors acknowledged and highly appreciated the significant contributions of Mr. Nguyễn Đức Thụy during his tenure as CEO. Particular recognition was given to his efforts in organizational restructuring and accelerating the resolution of key issues under the Bank’s restructuring plan.

Under Mr. Nguyễn Đức Thụy’s leadership, SACOMBANK successfully implemented several critical initiatives, including streamlining the organizational structure into a vertical model with 9 Business Blocks, adjusting the staff structure to increase the proportion of business personnel, and focusing resources on growth. The Bank also strengthened its direct sales force, improved customer service capabilities, optimized operating costs, accelerated process digitalization, and reinforced internal governance. In addition, SACOMBANK unveiled a new brand identity with a younger and more modern look, aligned with its development strategy for the new period.

Based on these achievements, the Board of Directors has unanimously appointed Mr. Nguyễn Đức Thụy to the position of Permanent Vice Chairman of the Board of Directors, with direct responsibility for strategic direction, high-level governance, and the Bank’s long-term development orientation. With his proven management experience, innovative thinking, and strong leadership capability, the Board is confident that Mr. Nguyễn Đức Thụy will continue to work closely with the leadership team to drive digital transformation, modernize operations, enhance competitiveness, and lay a solid foundation for SACOMBANK’s next stage of development.

Mr. Nguyễn Đức Thụy is entrusted with the position of Permanent Vice Chairman of SACOMBANK’s BOD

At the same meeting, the Board of Directors also approved the appointment of Mr. Loic Faussier as Acting CEO, responsible for overseeing the Bank’s day-to-day operations in accordance with current regulations.

The appointment of Mr. Loic Faussier reflects SACOMBANK’s consistent strategy of attracting high-caliber international talent, particularly in the areas of risk management and compliance. This is considered a significant step in accelerating the Bank’s restructuring process, strengthening its financial safety foundation, and ensuring an efficient, sustainable, and prudent direction for the next phase of development.

Mr. Loic Faussier becomes the new Acting CEO of SACOMBANK

Mr. Loic Faussier was born in 1972 in France. He graduated with a degree in Economics from Paris Assas University and holds two Master’s degrees: a Master’s in Finance from Paris Dauphine University and a Master’s in Business Law from Sciences Po Paris.

With over 27 years of experience, Mr. Faussier has held important leadership positions at major financial institutions and banks in France, Hong Kong (China), Japan, and Vietnam, including: Director of HSBC Vietnam, Deputy Director of HSBC Japan, Deputy General Director of VIB, General Director of SeABank and Senior Advisor to the Board of Management of LPBank.

Highly appreciating Mr. Loic Faussier’s professional expertise, international experience, and strong executive capabilities, the Board of Directors of SACOMBANK is confident that he will work closely with the Executive Board to realize the Bank’s strategic objectives, enhance competitiveness, and lead SACOMBANK into a new development phase with a more solid foundation.