TymeBank welcomes Karl Westvig as new chief executive officer

by

Azunta Gaviola

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5 months ago

Get ready to explore the future of marketing and elevate your business! The ‘What’s NEXT in Marketing 2024-2025’ series is heading to Indonesia, Malaysia, the Philippines, Singapore, and Hong Kong. Don’t miss out!

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.”

 

Happening in Singapore on 19-20 February 2025, the ‘What’s NEXT in Marketing: Singapore 2025’ event presents an exceptional opportunity for marketers and industry leaders to talk about the future of marketing and drive success in the Singaporean market! Register now to secure your slot!
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Video Title Here: The Indonesian on-ground activation status

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Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.