Ambank’s Managing Director of Wholesale Banking, Raja Teh Maimunah will be appointed as the CEO of Islamic digital bank consortium ACS Digital Berhad.
While the announcement has not been made official yet, Fintech News Malaysia has it from a credible source that she will step into her new role effective 1 December onwards.
The digital bank consortium comprises AEON Credit alongside its parent company AEON Financial Service and neobank MoneyLion.
It was one of the five entities that managed to snag a digital bank license from Bank Negara Malaysia in April this year.
ACS Digital is set to launch its operations by 2024 and is subject to its operational readiness following a review by the central bank.
Prior to joining Ambank in 2017, Raja Teh was the Managing Director and CEO of Hong Leong Islamic Bank. She also served as the COO of Digital Innovation and Transaction Banking at Hong Leong Group.
As a veteran banker, Raja Teh has also been attached to Bursa Malaysia, Kuwait Finance House, and CIMB among others.
