Military Commercial Joint Stock Bank (MB) has just announced the appointment of the Chairman of the Board of Members (BOM), General Director, members of the Board of Members and Board of Supervisors of OceanBank, starting from December 10.

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Mr. Vu Thanh Trung (left) and Mr. Le Xuan Vu. Photo: MB.

Accordingly, Mr. Vu Thanh Trung, Vice Chairman of the Board of Directors of MB, also holds the position of Chairman of the Board of Directors at OceanBank. Mr. Le Xuan Vu, Member of the Executive Board of MB, was appointed as Member of the Board of Directors and General Director of OceanBank.

Mr. Vu Thanh Trung has a master's degree in business administration with 14 years of experience at MB Group. Mr. Trung has extensive experience in the fields of investment and retail. Mr. Trung was elected Vice Chairman of MB's Board of Directors for the 2024-2029 term.

Mr. Le Xuan Vu has a master's degree, majoring in business administration. He has nearly 30 years of experience in the banking and finance industry and many years of holding senior management positions at credit institutions, joining MB since 2017.

After holding the position of Member of the Implementation Board, Head of the Preparatory Board for the OceanBank Mandatory Transfer Project, on December 10, he was appointed Member of the Board of Directors and General Director of MBV.

Mr. Vu Thanh Trung and Mr. Le Xuan Vu will cease to hold the position of Executive Board Members at MB.

MB also appointed members of the Board of Directors and Board of Supervisors of OceanBank.

Notably, from December 18, OceanBank will change its name to Vietnam Modern Commercial Joint Stock Bank (MBV).

The new name demonstrates MB's determination to turn OceanBank into a modern, safe and sustainable bank after the transfer from October 17.

However, the name change is still pending approval from the State Bank.