Sacombank (STB) Names Nguyen Thi Kieu Anh Acting CEO in Restructuring Push

Overview

Sacombank (HOSE: STB) announced that its Board of Directors appointed Deputy CEO Nguyen Thi Kieu Anh as Acting CEO in charge of operations, effective 02/11/2026. Incumbent CEO Loic Faussier relinquishes the top executive role but remains at the bank as Deputy CEO responsible for risk management. The bank said the senior personnel change is intended to speed progress on its restructuring plan.

Key Facts

• Nguyen Thi Kieu Anh, born 1983, holds an MBA from the Banking Academy and has more than 20 years of experience in finance and banking.
• She was appointed Acting CEO effective 02/11/2026, moving up from Deputy CEO.
• Before joining Sacombank she worked at VPBank and LPBank, holding roles including branch director, regional director, assistant to the Chairman and Deputy CEO.
• Loic Faussier stepped down as CEO and became Deputy CEO in charge of risk management at the same time.
• The bank said the change aims to accelerate progress and complete its restructuring plan (Đề án tái cơ cấu).
• Sacombank restated targets including leadership in credit cards, import-export payments and the Sacombank Pay digital banking app, plus expansion in corporate, FDI, SME and green credit.
• STB closed at VND 66,000 on 02/11/2026 with volume of 281,000 shares.

What Happened

Sacombank disclosed the senior management change in a company announcement, according to the bank’s statement. The Board of Directors appointed Nguyen Thi Kieu Anh, previously a Deputy CEO, to serve as Acting CEO with responsibility for running the bank’s operations from 02/11/2026. The announcement cited her business management experience at other institutions and her governance and executive background as the basis for the appointment.

At the same time, Loic Faussier ceased to be CEO and will continue with the bank as Deputy CEO in charge of risk management. Sacombank said the arrangement preserves continuity in management while retaining his international experience and understanding of the bank’s operations. The bank explicitly linked the reshuffle to accelerating and completing its restructuring plan, optimizing resources, and complying with prudential safety ratios.

Market Context

STB trades on HOSE and closed at VND 66,000 on 02/11/2026, unchanged on the session, on a modest volume of 281,000 shares. The stock is a restructuring story within the Vietnamese banking sector, where progress on legacy asset resolution and the completion of mandated restructuring plans have been recurring themes for investors. The muted price reaction on the announcement date suggests the market is treating the change as an internal governance matter rather than an earnings event.

Strategic Significance

The appointment matters less as a change of strategy than as a signal on execution. Sacombank has been working through a multi-year restructuring plan tied to legacy assets, and the bank is now pairing a domestically trained retail and SME operator in the CEO chair with an international risk specialist in the deputy role. That split puts risk management and prudential compliance at the center of the next phase, which is consistent with the bank’s stated emphasis on safety ratios and sustainable growth. For long-term holders, the key question is whether the new leadership can convert restructuring progress into faster balance-sheet cleanup and stronger core profitability in cards, payments and corporate lending.

What to Watch

• Any regulatory confirmation or update on the timeline for completing the restructuring plan.
• Quarterly disclosures on legacy asset and bad-debt resolution progress.
• Whether the bank files formal documentation on the CEO change with the State Securities Commission and HOSE.
• Growth trends in credit cards, import-export payments and Sacombank Pay users in coming quarterly updates.
• Any further senior management or board changes as the new Acting CEO settles into the role.