GXS appoints banking veteran as Group CEO as Bank doubles down on its commitment to Singapore and Malaysia

SINGAPORE – GXS Bank (GXS) strengthens its commitment to improve financial inclusion in Singapore and Malaysia, where GXS and its subsidiary hold banking licences, with the appointment of Muthukrishnan Ramaswami (“Ramu”) as its Group Chief Executive Officer (“CEO”). Ramu’s appointment is subject to regulatory approval.

As Group CEO, Ramu will be instrumental to GXS’ ambition to serve more individuals and small businesses in Singapore and Malaysia. Ramu will also lead regional partnerships in which GXS can benefit from economies of scale even as these partnerships are localised for Singapore and Malaysia.

A veteran in the financial services industry, Ramu has more than 35 years of experience across a range of financial businesses including exchanges, clearing houses as well as retail and wholesale banking. He has held regional and international leadership roles across Singapore, Hong Kong, India, London and New York. This included leading the technology operations and services strategy in 42 countries as Chief Information Officer for Citibank’s International Retail Banking business.

More recently, Ramu spent 12 years as President of the Singapore Exchange (SGX), during which he also served as CEO of all of the Exchange’s regulated subsidiaries. Since stepping down from his role at SGX in 2019, Ramu has served on various boards including GovTech Singapore and Temus (a digital transformation company established by Temasek in partnership with UST, a global digital services company).

On his appointment, Mr Ramu said, “Digital banks have an increasing and important role to play in extending banking and credit facilities to a large and underserved group of individuals and businesses across Southeast Asia. As a digital bank that has been built purposefully to serve the needs of this segment, GXS has a huge opportunity to be a significant  player in Singapore and Malaysia. I look forward to helping the GXS team fulfil its potential in becoming a leader in this space.”

Mr Hsieh Fu Hua, Chairman of the GXS Board in Singapore, said, “We warmly welcome Ramu who is familiar to our Board as a leader in the financial services industry. Ramu’s appointment as Group CEO further strengthens our leadership bench and we are confident that Ramu’s experience and industry knowledge will contribute to GXS’s next phase of growth.”


Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.