Duong Duc Hung officially appointed as general director.
Duong Duc Hung has been officially appointed as general director of Hong Leong Bank Vietnam.
Hung has more than 20 years of experience in finance and banking services in Vietnam and abroad. Prior to joining Hong Leong Bank, he was a member of the Board of directors and Transformation director at Techcombank and Head of Retail Banking at ANZ Vietnam. He holds a BA in Foreign Trade from the Foreign Trade University and a Master of Business Administration from Katholieke Universiteit Leuven in Belgium.
Hong Leong Bank Vietnam was established in 2009 and has three branches and transaction offices in Hanoi, HCM City and southern Binh Duong province. It is connected with more than 16,000 ATMs and 100,000 card acceptance points around the country.
It was the first Southeast Asian bank to be granted a license to operate a wholly-owned foreign commercial bank in Vietnam. Commencing operations in HCM City in October 2009, it has expanded its network to four outlets.
Hong Leong Bank Berhad, a public listed company on Bursa Malaysia, is a member of the Hong Leong Group Malaysia. Headquartered in Malaysia, the Group has been in the financial services industry since 1968 through Hong Leong Finance Berhad and since 1982 through Dao Heng Bank Ltd in Hong Kong. Dao Heng Bank Ltd has since been sold to another banking institution.
Hong Leong Bank started from humble beginnings in 1905 in Kuching, Sarawak, under the name Kwong Lee Mortgage and Remittance Company and later, in 1934, incorporated as Kwong Lee Bank Ltd In 1989, it was renamed MUI Bank, operating 35 branches. In January 1994, the Group acquired MUI Bank through Hong Leong Credit Berhad (now known as the Hong Leong Financial Group Berhad). This milestone saw the birth of Hong Leong Bank and in October the same year, Hong Leong Bank was listed on the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia).
In 2004, the finance company business of Hong Leong Finance Berhad was acquired by Hong Leong Bank. With more than 100 years of banking knowledge and experience, Hong Leong Bank today has a strong heritage, leading market position and a well-recognised business franchise and brand.
In 2011, it completed a merger with the EON Bank Group. The merger effectively transforms the bank into a banking group with more than RM145 billion ($370.5 billion) in assets and an expanded network of 329 branches nationwide.
Today, Hong Leong Bank has over 300 branches and sales and business centers in Malaysia, Singapore, Hong Kong and Vietnam and a comprehensive range of alternate and electronic channels, including self-service terminals, the Hong Leong Call Centre, Hong Leong Online, Hong Leong Phone Banking, and Hong Leong Mobile Banking.
It is enlarging its regional footprint. In mid-2008, it officially became the first Malaysian bank to enter the Chinese banking sector, with a 20 per cent strategic shareholding in the Bank of Chengdu. In December 2008, it became the first and only Malaysian and Southeast Asian bank to be granted a license to incorporate and operate a 100 per cent wholly-owned commercial bank in Vietnam.
http://vneconomictimes.com/article/banking-finance/hong-leong-bank-vietnam-appoints-new-ceo
