AEON Bank confirmed that Raja Teh Maimunah will step down as CEO on 31 March 2026 after overseeing its launch as Malaysia’s first digital Islamic bank.

Raja Teh joined the bank three years ago and led its establishment as a digital lender.

During her tenure, AEON Bank completed the build of its cloud-native core banking infrastructure and secured regulatory approvals for its public launch.

Raja Teh said,

“It has been a profound honour and a once-in-a-lifetime privilege to lead AEON Bank from its very beginning. We have made history together by establishing the nation’s first digital Islamic bank.

I am incredibly proud of the infrastructure we have built and the talented team we have assembled. I leave with full confidence that AEON Bank will continue to thrive.”

Chairman and Independent Non-Executive Director Tomokatsu Yoshitoshi said,

“On behalf of the board, I would like to thank Raja Teh for her visionary leadership. Taking a bank from a conceptual stage to a fully functional, live digital ecosystem is a monumental task.

She has built a rock-solid foundation for AEON Bank, and we are now well-positioned to scale our operations and continue our mission of financial inclusion.”

The board said a succession plan is underway and details of the next CEO will be announced once regulatory approvals are obtained.

Industry sources say Raja Teh is being considered for the Group CEO role at Bank Islam Malaysia, succeeding Datuk Mohd Muazzam Mohamed.

This is not the first major leadership change at AEON Bank, which recently appointed Yew Jin Kang as its new Chief Technology Officer after Glen Cha stepped down.

Featured image: Edited by Fintech News Malaysia, based on image by ghiska via Freepik