GXS Appoints Banking Veteran as Group CEO for Singapore, Malaysia

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Grab and Singtel GXS Bank has appointed Muthkrishnan Ramaswamy as Group Chief Executive Officer, effective 7 February. This appointment is subject to regulatory approval.

Affectionately known as Ramu, this new appointment will focus on GXS’s ambition to serve more individuals and SMEs in Singapore and Malaysia and lead partnerships in the region.

A financial services industry veteran, Lam has over 35 years of experience in a variety of financial businesses including exchanges, clearinghouses, retail banking and wholesale banking.

He has held regional and international leadership roles in Singapore, Hong Kong, India, London and New York.

This included leading technology operations and service strategy in 42 countries as Chief Information Officer for Citibank’s International Retail Banking business.

Most recently, Ramu served as President of Singapore Exchange (SGX) for 12 years, during which time he also served as CEO of all of the exchange’s regulated subsidiaries.

Since stepping down from his role at SGX in 2019, Ramu has served on various boards including GovTech Singapore and Temus, a digital transformation company founded by Temasek in partnership with global digital services company UST. rice field.

Muthukrishnan Ramaswamy

Muthukrishnan Ramaswamy

Ram said,

“Digital banking is playing an increasingly important role in extending banking and credit institutions to large underserved groups of individuals and businesses across Southeast Asia.

As a digital bank purposefully built to serve the needs of this segment, GXS has great opportunities to become a significant player in Singapore and Malaysia. I look forward to helping the GXS team realize its potential to become a leader in its field. ”

flower of gratitude

flower of gratitude

Xie Fu Hua, Chairman of the Board of GXS Singapore, said:

“We welcome Mr. Lam, who is familiar with our board as a leader in the financial services industry.

The appointment of Ramu as Group CEO further strengthens our leadership bench, and we are confident that his experience and industry knowledge will contribute to GXS’ next phase of growth. ”

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