Sacombank Appoints Loic Faussier as First Foreign CEO, Effective July 10, 2026

Overview

Sacombank (STB) has officially appointed Loic Faussier as its new CEO, effective July 10, 2026, making him the first foreign national to hold the top executive position in the bank’s history. Faussier, who joined Sacombank just over three months ago, previously served as Deputy CEO and Acting CEO before the formal appointment. With nearly 30 years of experience in banking and finance across Europe and Asia, including leadership roles at HSBC Vietnam, SeABank, and LPBank, his appointment signals a new phase in Sacombank’s strategic development following its restructuring.

Key Facts

• Sacombank’s Board of Directors appointed Loic Faussier as CEO, effective July 10, 2026, after receiving approval from the State Bank of Vietnam.
• Faussier is the first foreign CEO in Sacombank’s history.
• He joined Sacombank just over three months prior, holding positions as Deputy CEO and Acting CEO before the formal appointment.
• Faussier has nearly 30 years of experience in finance and banking, including roles at Citibank Paris, HSBC (Hong Kong, Japan, Vietnam), SeABank, and LPBank.
• He served as CEO of HSBC Vietnam from 2019 and later as CEO of SeABank from August 2021.
• Faussier holds a Master’s in Finance from Université Paris Dauphine and a Master’s in Business Law from Sciences Po Paris.
• STB closed at VND 70,100 on July 11, 2026, down 1.27% with volume of 2,145,300 shares.

What Happened

On July 10, 2026, Sacombank’s Board of Directors officially announced and handed over the decision to appoint Loic Faussier as CEO, following approval from the State Bank of Vietnam. Faussier, born in 1972 in France, graduated in Economics from Université Paris Assas and holds two master’s degrees. He began his career at Citibank Paris in 1997, later served as Financial Attaché at the French Embassy in Beijing, and spent nearly two decades at HSBC in Hong Kong, Japan, and Vietnam, becoming CEO of HSBC Vietnam in 2019. After leaving HSBC, he was appointed CEO of SeABank in August 2021, where he drove digital transformation and retail banking.

The appointment marks a milestone for Sacombank, as it is the first time the bank has entrusted its highest executive position to a foreign national. Faussier is expected to play a key role in Sacombank’s post-restructuring development, leveraging his international experience in governance, risk management, and digital banking.

Market Context

Sacombank (STB) trades on HOSE. The stock closed at VND 70,100 on July 11, 2026, down 1.27% on volume of 2.1 million shares. The appointment comes as Sacombank continues its restructuring process under the guidance of the State Bank of Vietnam. The bank has been focusing on improving asset quality, digital transformation, and expanding its retail and corporate banking segments. The market will likely assess the impact of a foreign CEO on the bank’s operational efficiency and strategic direction.

Strategic Significance

The appointment of a foreign CEO reflects Sacombank’s ambition to adopt international best practices in governance, risk management, and digital banking. Faussier’s extensive experience at global banks like HSBC and his prior success at SeABank in driving digital transformation suggest he may accelerate Sacombank’s modernization efforts. This move could enhance the bank’s competitiveness in attracting foreign investment and improving operational efficiency, particularly in the context of Vietnam’s growing integration into global financial markets.

What to Watch

• Q3 2026 earnings release for Sacombank, expected in October 2026, to assess early impact of new leadership.
• Any strategic announcements regarding digital banking, risk management, or international partnerships.
• Changes in Sacombank’s foreign ownership limit or investor sentiment following the CEO appointment.
• Regulatory updates from the State Bank of Vietnam on Sacombank’s restructuring progress.
• Market reaction to Faussier’s first public statements on the bank’s strategy.