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Banking & Finance

New CEO for HSBC Vietnam

Released at: 13:48, 16/09/2019

New CEO for HSBC Vietnam

Photo: HSBC Vietnam

Mr. Tim Evans to take over from Mr. Pham Hong Hai.

by Ngoc Lan

HSBC Vietnam has appointed Mr. Tim Evans as its new CEO, replacing Mr. Pham Hong Hai, who held the role for the last four and a half years.

A highly experienced and versatile executive with deep knowledge of HSBC’s franchise in emerging markets, Mr. Evans joined the HSBC Group 26 years ago. Since then he has held many senior leadership roles with the Group across three continents and seven markets.

Before taking the helm at HSBC Vietnam, Mr. Evans served as HSBC’s Regional Head of Commercial Banking, International Markets in Asia-Pacific, covering Bangladesh, Mauritius, New Zealand, Maldives, Sri Lanka, Taiwan (China), Thailand, and Vietnam.

He was formerly HSBC’s Regional Head of Middle Market Enterprises in Asia-Pacific, where he covered 19 markets, and Regional Head of Global Trade and Receivables Finance and Chief Operating Officer of HSBC’s Commercial Banking business in the Middle East and North Africa (MENA) region, overseeing ten countries and territories.

Mr. Evans has been appointed CEO of HSBC Vietnam at a fascinating time in the country’s development. “As Regional Head of Commercial Banking, International Markets in Asia-Pacific, I have been closely monitoring Vietnam’s growth in recent years and I’m incredibly excited to be here alongside our dedicated and talented HSBC Vietnam team,” he said. “Together, we will continue to play HSBC’s part in helping Vietnam, already one of the world’s most dynamic economies, reach its immense potential.”

He also congratulated Mr. Hai for the incredible impact he had during his time as CEO. “My commitment is to build on this platform for strong future growth and capitalize on HSBC’s position as Vietnam’s leading international bank, creating long-term value for our people and customers,” he said.

Mr. Hai will join HSBC Canada as Country Head of International Subsidiary Banking, starting from September 16. In this role, he will stay connected with Asia and support HSBC’s Asia - North America trade and investment corridor.

HSBC has been in Vietnam for 149 years. The bank first opened an office in Saigon (now Ho Chi Minh City) in 1870. It was the first foreign bank to launch a locally-incorporated entity, on January 1, 2009, as HSBC Bank (Vietnam) Ltd. The bank’s current network includes two branches and five transaction offices in Ho Chi Minh City, one branch and four transaction offices in Hanoi, and two full-service branches in southern Binh Duong province and central Da Nang city. HSBC is one of the largest foreign banks in the country in terms of investment capital, product range, and customer base.

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