Islamic digital bank consortium ACS Digital Berhad has appointed Raja Teh Maimunah Raja Abdul Aziz as its Chief Executive Officer effective today onwards.
The official announcement confirms Fintech News Malaysia’s report on her appointment in October.
Prior to joining the Consortium, Raja Teh was the Managing Director of Wholesale Banking at AmBank Group.
The seasoned banker had held various positions in the past, including Chief Executive Officer and Managing Director of Hong Leong Islamic Bank, Chief Operations Officer of Digital Innovation and Transaction Banking, Hong Leong Group.
She also served in Pengurusan Danaharta Nasional Berhad (Malaysia’s national asset management and debt recovery agency) during the Asian Financial crisis in 1998.
The ACS Digital consortium comprises AEON Credit alongside its parent company AEON Financial Service and neobank MoneyLion.
The consortium was one of the five entities to be granted a digital bank license from Bank Negara Malaysia in April this year.
ACS Digital is expected to launch its operations by the end of next year following a review by the Bank Negara Malaysia.
“I am pleased to welcome Raja Teh as the Chief Executive Officer of our digital bank.
We are confident that her leadership skills, coupled with extensive banking experience especially in Islamic Finance and her passion for digital banking, she together with the team will be able to build the next Malaysia’s digital banking landscape”,
said Daisuke Maeda, Managing Director of AEON Credit Service (M) Berhad.
