07:54 (GMT +7) - Monday 06/04/2020

BUSINESS SPOTLIGHT

Ho Chi Minh City Securities Corporation appoints new CEO

Released at: 14:00, 11/01/2020 BUSINESS SPOTLIGHT

Ho Chi Minh City Securities Corporation appoints new CEO

Photo: HSC

Mr. Trinh Hoai Giang to take up position from April 1.

by Ngoc Lan

The Ho Chi Minh City Securities Corporation (HSC) has appointed Mr. Trinh Hoai Giang to the position of Chief Executive Officer.

Mr. Giang will assume the new role from April 1, replacing Mr. Johan Nyvene, who has held the post since 2007.

As Deputy CEO at HSC, Mr. Giang was in charge of Investments and Operations for the last 13 years and played a critical role in the company’s success. Before joining HSC, he worked in the Treasury Department at the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and then as Director of the Dragon Capital Group. He has been Vice Chairman of the Vietnam Bond Market Association since 2010 and has made valuable contributions to the development of the capital markets in Vietnam. He was a Fulbright US Scholar and earned his Master of Business Administration in the US in 2005.

With years of experience in HSC’s operations as well as expertise in the stock market, Mr. Giang is expected to enhance HSC’s business performance and take its position to the next level. The key pillars in his strategic plan include diversifying products to optimize client investment performance, improving the quality of human resources, digitizing services, and upgrading technology infrastructure to the highest international standards, while strengthening risk management and compliance.

Mr. Giang said that the coming period will be one of transformation for domestic securities companies as they face market changes and competition from foreign securities companies with strong financial resources and experience in international operations. “HSC is, however, always in a proactive position to prepare and adapt to market changes,” he added. “In the long term, because Vietnam has been positively evaluated by foreign investors, their participation in the market will increase sharply, and HSC will also be ready to welcome these new customers. I would like to thank Johan for his major contributions in developing the company over the years. In this new role, I will continue to strengthen HSC’s competitiveness, affirming its position as the leading securities company in Vietnam.”

Mr. Nyvene will remain a Member of the Board of Directors at HSC. His proven track record of leadership and in-depth knowledge of HSC’s operations and the capital markets will allow him to make invaluable contributions to HSC’s further success. Under his leadership, HSC emerged from a mid-end securities firm to prominence in Vietnam.

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