Vietnam’s Digibank Timo Bolsters Its Board With 2 New Appointments

Vietnam’s Digibank Timo Bolsters Its Board With 2 New Appointments

by May 17, 2021

Vietnam’s digital bank Timo has announced two new additions to its Global Advisory Board; Nirukt Sapru, former CEO of Standard Chartered Bank Vietnam and Nam Tran, Co-Founder and Chairman of Moca.

Additionally, Timo has concurrently made a series of additional senior management appointments tasked with developing further innovative solutions.

Nam Tran, co-founder and chairman of Moca

Nam Tran

Nam Tran co-founded and led the development of Moca, a pioneer in mobile payments in Vietnam. Moca has successfully launched a strategic partnership with Grab since late 2018 and has also partnered with more than 20 banks and leading retailers such as McDonald’s and 7-Eleven. Nam is also a Senior Advisor and former Head of Grab Financial Group (Vietnam).

In earlier years, Nam had worked at Maritime Bank (MSB) as deputy general director in charge of Operations and IT. Nam also co-founded Mobivi – the first electronic wallet in Vietnam – after leaving his position as Product Manager at Microsoft in the US. Nam completed his PhD in computer science at Monash University, Australia in 2005.

Known as a pioneer and experienced leader in fintech in Vietnam, especially in the mobile payment segment, Nam is expected to contribute to breakthrough products and outstanding financial experiences for Timo’s customers.

“Banking services should contribute to better life experiences for consumers. To do that, Timo will expand cooperation with many other fintech companies and ecosystem partners to provide diversified and optimised digital financial services. With an extensive network of partners and a modern digital banking platform, I believe Timo can become a leading digital ecosystem in Vietnam,”

Nam said.

Nirukt Sapru Timo

Nirukt Sapru

Nirukt has more than 34 years in retail, commercial and investment banking. Nirukt brings deep emerging market experience across Asia, Middle East, Eastern Europe and Latin America coupled with having run businesses in the OECD markets of Australia, Europe and North America.

Most recently, he served as Standard Chartered Banks CEO for Vietnam and Cluster CEO for ASEAN and South Asia cluster markets. During his tenure, Standard Chartered Bank Vietnam became one of the leading international banking franchises in Vietnam and he is in particular credited for building out a digital retail franchise.

Prior to joining Standard Chartered Nirukt was Global Head of Emerging Markets and Leverage Finance for ABN AMRO Bank based in London.

His extensive knowledge and experience in Vietnam and other financial markets will allow him to contribute significantly to the long-term domestic and international development of Timo.

“Timo has an extraordinary cloud based native digital platform which allows it to provide a truly world class digital solution for its customers. With its obsession on customer outcomes, I am excited to join Henry and the team at Timo to help serve our customers to give them a truly world class customised experience”

said Nirukt.