Australia and New Zealand Banking Group Limited (ANZ) today announced the appointment of Jodi West as new CEO of ANZ Vietnam, reporting to Farhan Faruqui, ANZ Group Executive, International.
According to the announcement on the website of ANZ, Ms Jodi West joined ANZ in 2015 as Head of Institutional FX Sales, Australia. Prior to ANZ, she held roles in the FX & Commodity sales team at both Citigroup and Barclays, and was also Head of Corporate & Institutional Market Sales at National Australia Bank.
Farhan Faruqui, ANZ Group Executive, International, said: “Vietnam is an important part of our regional network for our Institutional customers. Jodi brings more than 20 years of banking experience to the role, and her strong leadership, customer network and product expertise will help build upon our well-established franchise in Vietnam.”
Ms Jodi West commences in the role on 13 August 2018, based in Ho Chi Minh City, Vietnam.
ANZ is one of the first foreign banks to open, and has been in Vietnam since 1993. In 2008, ANZ was granted a banking license by the State Bank of Vietnam (SBV) to locally incorporate in Vietnam. ANZ Vietnam has presence in two major cities, Hanoi and Ho Chi Minh City.
In 2017, ANZ has sold its retail business in Vietnam to South Korea’s Shinhan Bank Vietnam, part of a broader retreat from Asia retail banking. By that time, Farhan Faruqui was head of international business at ANZ told Financial Times that, the sale is “in line with our strategy to simplify the bank and improve capital efficiency. It allows us to focus resources on our largest business in Asia -institutional banking.”