Vietnamese Digibank Timo Promotes Jonas Eichhorst as New CEO

Vietnamese Digibank Timo Promotes Jonas Eichhorst as New CEO

by October 3, 2022

Vietnam-based digital bank Timo announced that its Chief Financial Officer, Jonas Eichhorst has been promoted as CEO and will retain his position on the board of directors.

In his new leadership role, Jonas will continue to work closely with Henry and the senior leadership team at Timo.

Over the past 15 years, Jonas has supported the development of a wide range of high-scale products and businesses across various emerging markets. Having first joined Timo’s Board in 2020, Jonas took on the CFO position in 2021.

Meanwhile, Timo’s former CEO Henry Nguyen has been promoted as an Executive Chairman.

Henry will continue on working on strategy and planning as well as regulatory and external relations including partnerships and strategic alliances.

In addition to Timo, Henry also serves as Chairman of Phoenix Holdings, whose portfolio holdings include strategic partners of Timo including VietCredit and Kredivo, Viet Capital Securities, and Viet Capital Bank.

The change in leadership marks the two-year milestone of Timo’s relaunch of service under its long-term partnership with Viet Capital Bank.

Henry Nguyen

Henry Nguyen

Henry said,

“While my work at Timo will remain unchanged and uninterrupted, I am extremely excited about Jonas’ promotion to CEO.


It reflects all of the hard work and leadership he has exhibited at Timo so far while also expressing the potent and high expectations we all have for him,”

Jonas Eichhorst

Jonas Eichhorst

As newly appointed CEO of Timo, Jonas added,

“Timo has had an incredible journey since its founding seven years ago to become the most trusted digital banking brand in Vietnam.


We have a unique opportunity to really set the benchmark for digital banking in a market that is quickly developing.”