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Vietnam-based digital bank Timo announces new leadership appointments

Timo Henry Nguyen and Jonas Eichhorst
Henry Nguyen (left) and Jonas Eichhorst (right)
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Vietnam – Vietnam-based digital bank Timo has announced two new key leadership appointments. These include Henry Nguyen, the new executive chairman, and Jonas Eichhorst, the new CEO and will retain his position on the board of directors. 

As executive chairman, Nguyen will continue on working on strategy and planning, as well as regulatory and external relations, including partnerships and strategic alliances. In addition to Timo, Nguyen 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.

Meanwhile, in Eichhorst’s new leadership role, he will continue to work closely with Nguyen and the senior leadership team at Timo. Over the past 15 years, Eichhorst 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, he took on the CFO position in 2021 before now being promoted to CEO.

Timo said that the change also marks the two-year milestone of Timo’s relaunch of service under its long-term partnership with Viet Capital Bank.

Commenting on his appointment, Nguyen 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.”

Meanwhile, Eichhorst said, “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. Ultimately, our customer’s success in moving, managing, growing, accessing and protecting their money drives our success.”

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