Global cryptocurrency company Luno announced that David Low will be stepping down as APAC General Manager and succeeded by Aaron Tang was most recently the Country Manager for Luno Malaysia. The appointment will take effect on 15th May 2023.

As part of the pioneering team in Malaysia, Aaron has been working hand-in-hand with David in building the firm’s local presence, and in leading and obtaining Luno Malaysia’s regulatory approval from the Securities Commission Malaysia (SC).

He has since expanded the local team to more than 60 employees, with over 800,000 Malaysians currently signed up with the platform.

As Luno’s APAC General Manager, Aaron will be tasked with the strategic overview of Luno’s market operations at the regional level, in addition to growing business in core markets across the APAC region.

In addition to these changes, Scarlett Chai will take over as the new Country Manager for Luno Malaysia effective immediately, having served as Marketing Manager since July 2021.

Scarlett has built the company’s brand awareness and established various partnership programs during her 4 years in leading Luno Malaysia’s marketing initiatives.

Some of her key achievements include building Luno’s affiliates programme, leading the development of Women-in-Crypto – a community for women to learn about crypto, and  Luno’s largest integrated brand campaign, Move with Luno.

Luno currently stores more than RM1.2 billion in value on behalf of its customers across nine approved digital assets in Malaysia.

David Low, the outgoing APAC General Manager shared,

“It has been a privilege to be given the opportunity to lead Luno’s APAC businesses. After 5 years, I’ve decided to take a career break and pass the baton to the next line of leadership. Both Aaron and Scarlett have been an integral part of Luno Malaysia’s team.”

Aaron said,

“I am grateful to have had this opportunity, and I look forward to growing Luno’s business at the regional level, from building closer relationships with industry stakeholders to advancing awareness efforts for investors across the APAC markets.”

These leadership changes comes on the heels of Luno’s announcement last week that it will be shuttering its operations in Singapore following a “regular evaluation of its global strategy and presence”.

Last month, Luno’s Co-founder Marcus Swanepoel stepped down as CEO and was succeeded by James Lanigan who was formerly the Chief Operating Officer.