Deutsche Bank Names Vietnam Country Chief
In this article (5)
He joins from Maritime Bank, a Vietnamese bank where he was CEO for four years before taking up its deputy chairman position earlier this year.
Deutsche Bank has appointed seasoned banker Huynh Buu Quang to lead the bank’s expansion of its franchise in Vietnam, pending State Bank of Vietnam approval.
As chief country officer Vietnam, Huang will be based in Ho Chi Minh City. He brings more than 25 years of experience in corporate banking, and has held local and regional leadership roles in Vietnam, Singapore, Hong Kong and Indonesia, across multiple banking functions spanning trade finance and credit risk management.
Alexander von zur Muehlen, Deutsche Bank’s Asia Pacific CEO called Vietnam «a key growth market» for the bank in ASEAN, in a statement announcing the move.
Deutsche Bank has operated in the country since 1992. Since 2017, the bank has raised more than $1 billion in debt, loan and equity capital annually for Vietnamese corporates.
Earlier this year, Deutsche Bank announced that it would increase its investment in Vietnam, with the recently ratified EU-Vietnam Free Trade Agreement expected to boost trade flows.
Questions & Answers
Q.What is Huynh Buu Quang's immediate past role before joining Deutsche Bank?
What is Huynh Buu Quang's immediate past role before joining Deutsche Bank?
Before taking up the chief country officer role, Huynh Buu Quang was the deputy chairman of Maritime Bank. Prior to that, he served as the CEO of Maritime Bank for four years.
Q.What is Deutsche Bank's stated reason for focusing on Vietnam?
What is Deutsche Bank's stated reason for focusing on Vietnam?
Deutsche Bank views Vietnam as a key growth market within ASEAN. They also expect the recently ratified EU-Vietnam Free Trade Agreement to boost trade flows, increasing investment opportunities.
Q.What is the typical annual financial commitment Deutsche Bank makes to Vietnamese corporates?
What is the typical annual financial commitment Deutsche Bank makes to Vietnamese corporates?
Since 2017, Deutsche Bank has raised more than $1 billion annually for Vietnamese corporates. This capital has been raised through various means, including debt, loans, and equity.
Q.In which city will Huynh Buu Quang be based as country chief?
In which city will Huynh Buu Quang be based as country chief?
As the chief country officer for Vietnam, Huynh Buu Quang will be based in Ho Chi Minh City. This is where he will lead Deutsche Bank's expansion of its franchise.
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