Singapore digital bank Anext announces new CEO
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Anext focuses on offering services such as digital banking and lending to local and regional SMEs.
PHOTO: ANEXT
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SINGAPORE – Digital wholesale bank Anext has appointed a new boss to replace outgoing chief executive Toh Su Mei.
Mr Qiu Kai, its deputy chief executive officer and chief technology officer, assumed the role of CEO-designate on Jan 24 as Ms Toh steps down after leading the Singapore firm – a wholly owned subsidiary of Ant International – for almost four years.
Ant International CEO Peng Yang said on Jan 24 that Ms Toh “has decided to leave us to open a new chapter in her life”. No more details were given about her departure.
Ms Toh led Anext to become one of the key regional players in offering finance for small and medium-sized enterprises (SMEs) via digital platforms. She also drove similar moves for smaller companies in Thailand, said Mr Yang.
He added that Mr Qiu could lead the team to greater growth and support more small businesses with the firm’s solutions.
Anext began operations in 2022 after receiving a digital wholesale banking licence from the Monetary Authority of Singapore.
Sheila Chiang is a business correspondent at The Straits Times.
