SEA digital player GXS Bank appoints new CEO

Pei-Si Lai, CEO of GXBank, Malaysia's first digital banking firm, will take over from Muthukrishnan Ramaswami, who is retiring, at the beginning of June.

Singapore-headquartered GXS Bank’s group chief executive officer CEO, Muthukrishnan Ramaswami, known as Ramu, is set to retire from the bank on May 31. 

As Ramaswami's successor, the digital bank’s board has appointed Pei-Si Lai, CEO of GXBank, the Malaysian subsidiary of GXS Bank. Lai pictured, currently based in Kuala Lumpur, will step down as CEO of GXBank, and take up the role of GXS Bank Group CEO, relocating to Singapore, while GXBank deputy CEO, Kaushik Chowdhury, will become CEO of GXBank. All appointments will take effect from June 1, and Ramaswami will continue to serve as a senior advisor. 

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