Singapore – TymeBank, a financial services firm, has recently announced the appointment of Karl Westvig as its new chief executive officer, starting in October 2024.
Westvig holds extensive leadership experience in the lending and financial technology landscape. In his previous position, he was able to establish various finance companies, including RCS Group and Retail Capital, which is now part of TymeBank.
He currently works as the chief executive for retail and business banking at TymeBank.
The current CEO, Coenraad Jonker, on the other hand, will transition as the new executive chairman, with functions including overseeing the development of the multi-country digital banking group.
Jonker was a co-founder of TymeBank and has served the company as CEO for more than two years, guiding the bank to profitability by December 2023.
Speaking about his appointment, Westvig said, “TymeBank’s rapid growth has been phenomenal, and I’ve clearly joined a talented team with a strong foundation. My focus will be to realise our professed goal of being a top three bank in terms of customer satisfaction, growth in customer numbers, and shareholder returns.”
Meanwhile, Jonker commented, “I am grateful for what we have managed to achieve together at TymeBank. GOTyme Bank is already the fastest-growing bank in the Philippines, with three million customers. We have now entered Vietnam with our first product and aim to be live in Indonesia by the end of the year. Our ambition is to list the business in 2028.”
