GXS Bank names Muthukrishnan Ramaswami as group CEO
Singapore-based challenger GXS Bank has appointed banking veteran Muthukrishnan Ramaswami as its new group CEO, subject to regulatory approval.
Muthukrishnan Ramaswami, GXS Bank’s new group CEO
In his new role, Ramaswami will be in charge of regional partnerships as the firm looks to expand its presence and bring in more individual and small business customers in both Singapore and Malaysia.
With more than 35 years of banking and financial experience, Ramaswami has held regional and international leadership roles across Singapore, Hong Kong, India, London and New York.
Most recently, Ramaswami spent 12 years as president of the Singapore Exchange (SGX), during which time he also served as CEO of all of the exchange’s regulated subsidiaries. Prior to that, he was chief information officer for Citibank’s international retail banking business, helping to lead the firm’s tech operations across 42 countries.
Speaking on his appointment, Ramaswami says: “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.”
He adds that GXS Bank has been “built purposefully to serve the needs of this segment” and has a “huge opportunity” for growth in Singapore and Malaysia.
