GXS Bank names Pei-Si Lai as group CEO

Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.

GXS Bank has appointed Pei-Si Lai as new group CEO, effective 1 June 2025.

Incumbent group CEO Muthukrishnan Ramaswami will be retiring on 31 May.

Lai is currently CEO of GXBank (Malaysia). She spearheaded the launch of Malaysia’s first digital bank, and has been with the bank since it received one of Malaysia’s five digital bank licenses in 2022.

She oversaw the launch of GXBank in November 2023, and grew it to over 1 million customers within a year.

Ramaswami will become a senior advisor to the GXS Group. He first joined the bank in February 2023.

Together with Ramaswami, Lai most recently oversaw the acquisition of Validus Capital by GXS Bank. This is the first merger and acquisition deal by a digital bank in Singapore.

Incoming Group CEO Pei Si Lai with outgoing Group CEO Muthukrishnan Ramaswami.

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