Singapore-based fintech firm M-DAQ Global has appointed Reynels Lee as its Head of Malaysia following the acquisition of local payments provider Easy Pay Transfers.

Lee brings nearly 30 years of experience in financial services and technology to his new role.

Prior to this, Reynels held the role of Chief Executive Officer and Executive Director at ACE Money Exchange Sdn. Bhd.

In his new role, he will oversee M-DAQ Global’s operations in Malaysia, focusing on enhancing the company’s offerings in the region.

Additionally, Jared Ang, the Founder and CEO of Easy Pay Transfers, will transition to the role of Non-executive Chairman of MDAQ Malaysia Sdn. Bhd., the company’s legal entity in Malaysia.

Jared will oversee the business unit’s strategic execution for sustainable growth and risk and compliance control.

The acquisition aligns with the company’s strategy to strengthen its presence in Southeast Asia.

“We are excited to have Reynels onboard our leadership team.

His extensive experience and deep understanding of the Malaysian market will be instrumental in accelerating our growth and delivering unparalleled value to our clients as we remain committed in providing innovative cross-border payments solutions.”

said Richard Koh, Founder and Group CEO of M-DAQ Global.

“I am honoured to take on this role at such an exciting time for M-DAQ Global.

I look forward to working with the team to deliver innovative solutions and help local businesses navigate the complexities of cross-border transactions.”

said Reynels Lee, Head of Malaysia of M-DAQ Global.