London-headquartered Standard Chartered has announced the appointment of a new CEO for its Vietnam unit.

Standard Chartered Bank Vietnam has appointed Nguyen Thuy Hanh as CEO and head of banking and coverage, according to a statement, effective October 1, succeeding Michele Wee.

Hanh is the first homegrown national to become CEO of the Vietnam unit. She has 30 years of industry experience, most recently as head of corporate and investment banking for Vietnam. She first joined Standard Chartered in 1997 and has held various leadership positions including head of financial institutions (FI) for Vietnam, Laos, and Cambodia, head of international corporate and FI as well as head of commercial banking.

«Vietnam is a dynamic and important market for the region and plays a key role in Standard Chartered’s cross-border strategy. We remain optimistic about its long-term development,» commented Patrick Lee, CEO of Singapore and ASEAN at Standard Chartered Bank. «Our Vietnam franchise has delivered growth and made huge strides in advancing sustainability and our position as a top international bank over the last 120 years here.»