Singapore – GXBank, the digital bank subsidiary of GXS Bank in Malaysia, has announced the succession in its senior management team. Effective June 1, 2025, Pei-Si Lai, the current chief executive officer of GXBank, will take on the role of GXS Bank group CEO, following the upcoming retirement of group CEO Muthukrishnan Ramaswami (Ramu).
Succeeding Pei-Si as the CEO of GXBank in Malaysia is Kaushik Chowdhury, the current deputy CEO and chief commercial officer (retail). He will be supported by Hildah Hamzah, who will take on the role of deputy CEO and chief operating officer, along with the existing management team.
Pei-Si spearheaded the successful launch of GXBank in November 2023, rapidly acquiring over one million customers within a year.
Datuk Zaiton, chairperson of GXBank, said, “We are proud of GXBank’s accomplishments. Her visionary leadership resulted in significant milestones, firmly establishing GXBank as a leading digital bank in Malaysia. Together, the management has navigated the challenges of a new startup institution and built the bank to what it is today.”
Datuk Zaiton further added that Kaushik and Hildah’s appointments also underscore GXBank’s robust internal leadership. Leveraging their extensive experience within the banking industry and at GXBank, both Kaushik and Hildah are poised to advance the bank’s focus on empowering Malaysians to achieve financial resilience, and fostering financial inclusivity through Retail and MSME banking, ultimately transforming the Malaysian banking landscape.
Meanwhile, Pei-Si acknowledged the unwavering support of GXBank’s pioneering team and partners since its inception, recognising the shared journey of building the bank. “With Kaushik, Hildah, and the team’s tenacity and conviction, I am confident of GXBank’s future growth and commitment to improve financial inclusion and resilience for all Malaysians.”
She added, “My humble thanks as well to Bank Negara Malaysia, and the GXBank Board of Directors for their crucial support and belief. In my new capacity, I look forward to championing regional banking transformation across Southeast Asia within the GXS Group’s vision.”
