ANEXT Bank has announced that Su Mei Toh, the bank’s CEO, has decided to embark on a new chapter in her career.

Su Mei has been an instrumental force in shaping ANEXT Bank’s growth and innovation, and her leadership has driven the bank to new heights, including its role as a pioneer in digital banking for SMEs.

As Su Mei transitions out of her role, the bank announced that Kai Qiu, currently serving as Deputy CEO and Chief Technology Officer (CTO) of ANEXT Bank, has been appointed as the bank’s designated CEO.

“We are deeply grateful to Su Mei for her exceptional contributions to ANEXT Bank. Her leadership and vision have been vital in establishing us as one of Singapore’s first digital banks, and in building a strong foundation that has positioned us as a leader in digital SME financing. We wish her all the best as she begins her next venture,”

said Peng Yang, CEO of Ant International.

Under Su Mei’s leadership, ANEXT Bank expanded its reach to SMEs in the region, launched groundbreaking digital credit solutions for MSMEs in Thailand, and helped countless businesses access the financing they need to thrive.

Kai Qiu, who has been a key member of the team since the bank’s inception, has proven himself as a visionary leader with deep expertise in both technology and business development.

His work in building strong partnerships with public and private sector stakeholders has been instrumental in the bank’s continued success.

“I would like to express my deepest appreciation to Su Mei for her incredible leadership and commitment to the bank’s success. She has laid a strong foundation, and I look forward to building on her legacy. I am also grateful to Peng Yang and the Board for their trust in me,”

said Kai Qiu.

As Kai Qiu steps into his new role, the bank’s strategy remains focused on empowering MSMEs by staying committed to embedded finance (emFi), the bank’s core strength, and striving to expand its reach globally.

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