The banking joint venture of Grab Holdings Ltd. and Singapore Telecommunications Ltd. said executive director and head of regional strategy, Reuben Lai, is leaving the company at the end of 2022.
(Bloomberg) — The banking joint venture of Grab Holdings Ltd. and Singapore Telecommunications Ltd. said executive director and head of regional strategy, Reuben Lai, is leaving the company at the end of 2022.
Lai will also step down from his role as a director of the venture, GXS Bank, according to a statement from the firm Tuesday. Still, he will remain a director on the board of GXS’s digital bank in Malaysia.
Lai is among the most senior leaders of GXS, which launched in Singapore this year after getting a full digital bank license in 2020. The license allows the digital bank to take deposits and serve both retail and corporate customers. Regional ride-hailing giant Grab and phone carrier Singtel are betting on the venture to expand in financial services.
Prior to his role at GXS, Lai was a senior managing director at Grab Financial Group.
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