Latest news with #LaiPei-Si
Straits Times
15-05-2025
- Business
- Straits Times
‘When you build a bank for the underserved, you build for almost everybody': New GXS CEO Lai Pei-Si
Ms Lai Pei-Si joins a growing list of women who have been handed opportunities to helm key financial institutions on the island. ST PHOTO: SHINTARO TAY SINGAPORE - Three decades ago when she was a management trainee with Overseas Union Bank, Ms Lai Pei-Si was often at the teller's station to count out the notes brought in by customers, or being withdrawn by them. Customers seated in rows at the bank branch would wait for the bell to ring to signal that the next person could go to the window to be served. Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
15-05-2025
- Business
- The Star
Lai is GXS Bank's new group CEO
PETALING JAYA: Lai Pei-Si has been appointed to the role of group chief executive officer (CEO) of GXS Bank Pte Ltd effective June 1, 2025 following the upcoming retirement of group CEO Muthukrishnan Ramaswami. Lai, the current CEO of GX Bank Bhd, the Malaysian digital bank subsidiary of GXS Bank, spearheaded the launch of GX Bank in November 2023, which went on to acquire one million customers within a year. Kaushik Chowdhury, the current deputy CEO and chief commercial officer of GXBank's retail business, would be supported by Hildah Hamzah, who takes over the role of deputy CEO and chief operating officer. Datuk Zaiton Mohd Hassan, GX Bank's chairperson, commended Lai's visionary leadership that firmly established GXBank as a leading digital bank in Malaysia.
Straits Times
14-05-2025
- Business
- Straits Times
GXS Bank CEO to retire, GX Bank CEO to take over
Both Ms Lai Pei-Si (left) and Mr Muthukrishnan Ramaswami had overseen the Validus acquisition. PHOTO: GXS BANK GXS Bank CEO to retire, GX Bank CEO to take over SINGAPORE - GXS Bank has announced that chief executive Muthukrishnan Ramaswami will be retiring on May 31. His successor will be Ms Lai Pei-Si, CEO of GX Bank, the Malaysian arm of GXS, it said on May 14. Ms Lai will take over as GXS CEO on June 1, with GX Bank deputy CEO Kaushik Chowdhury taking over her role. Mr Ramaswami will remain as a senior adviser to GXS. Ms Lai has been the CEO of GX Bank since 2022, when it received a digital banking licence in Malaysia. The bank has grown to more than a million customers a year since its launch in November 2023, and processed over 124 million transactions. Both Ms Lai and Mr Ramaswami oversaw the recently announced Validus acquisition. 'As a veteran banker with the unique experience of having launched Malaysia's first digital bank, Pei-Si understands the tremendous impact that digital banks can bring to our communities,' said GXS chairman Hsieh Fu Hua. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
