Cambodia Investment Review

Seven traits bring about Chief Bank Cambodia’s CEO many achievements

Seven traits bring about Chief Bank Cambodia’s CEO many achievements

Cambodia Investment Review

In an exclusive interview, Dr. Soeung Morarith, Chief Executive Officer (CEO) of Chief Bank, shares the 7 traits which have made him the CEO of a major bank in Cambodia and the youngest person to hold such a high position. 

First and foremost, Dr. Morarith said, is always in producing a good result for the entity. “In work, key performance indicators are the results, which defines a successful or unsuccessful career. Then this is followed by honesty to the company and colleagues which build up a good relationship in the company.” The third and fourth traits, he added, are respectively positive attitude and flexibility.

“In simple words, you need to display good behaviors while positivity allows you to work well with others and develop a good team spirit,” Dr. Morarith said. 

Read more: Chief Bank To Help Clients With Digital Expansion

“Then we are talking about the ability to change or compromise in work and to decide quickly because currently, the market is extremely competitive. You have to add in the right ‘ingredient’ which favors flexibility and quick decision-making,” he added.

A very competitive banking system in Cambodia

With a population of more than 17 million people, Cambodia witnesses a very competitive banking sector which comprises 54 commercial banks, 10 specialized banks including one state bank, 6 Representative office of foreign commercial banks, 84 microfinance institutions, of which 5 are eligible to collect customer deposits, and 17 financial leasing companies.

Dr. Morarith said that is why a leader in this sector needs to have a lot of experience in the Kingdom’s banking industry. “That is the fifth trait, and the most important one – experience in the market. I have had 19 years of experience in the banking industry, working at major commercial banks, and my experience is a key factor that allows me to reach this level,” he said.

Dr. Soeung Morarith, during his time at Harvard’s Certificate of Management Excellence.

However, Dr. Morarith added that experience cannot do without education in leading a financial institution explain that he received a PhD in Finance from the National University of Management, a state-run university, in 2014. In 2019, he was further awarded Harvard’s Certificate of Management Excellence (CME), a very famous program of a top US university with 36 months of studies.

“In 2021, I received the Certificate of Achievement: Innovating in the Digital World, London Business School, London, UK. And in 2022, I was awarded also the Chartered Banker By Experience, Chartered Banker Institute, UK” he said.

Read more: Trust at Chief Bank, where ethical banking builds success

“Apart from my education, I have also published my research internationally. In 2012, my study on the banking system in Cambodia was published by Centre for Asian Studies at the University of Antwerp, Belgium. In 2019, I was a co-author of a research paper on e-commerce development and internet banking which focuses on the digital economy published by Routledge, UK. These are my international publication,” he added.

Contributing to society as much as possible

All these traits, he added, still need the last ‘ingredient: giving back to the community. Social work means we are doing our part to contribute to society as much as possible.

“We don’t need to wait until we become rich to give back to society,” he said. “For example, as the country recently faced challenges such as flooding disasters and the outbreak of COVID-19, which is a global pandemic, we have contributed to society with what we have and what we can do,” he said.

Dr. Soeung Morarith, giving back to Cambodian society.

Despite his busy schedule, Dr. Morarith also finds time to share his knowledge and experience with students at private and public universities at the weekends. “This is to contribute to human resources, to share my real-life experience and the knowledge which I have received in the country and overseas to upgrade our country’s human resources to another level. These 7 traits have made me who I am today,” he added.

Related Articles