Reuben Lai, the executive director of GXS Bank — the digital banking joint venture of Grab Holdings and Singapore Telecommunications (Singtel) — is said to be leaving the company at the end of this year.
He is, however, said to remain a director on the board of GXS’ digital bank in Malaysia.
DealStreetAsia has reached out to both Grab and Lai for comment.
Lai previously served as the head of Grab Financial Group until May 2022 and then executive director and head of regional strategy at GXS Bank.
He is among the seniormost executives at GXS, which launched in Singapore in August this year after getting a full digital banking licence in 2020. The licence allows the digital bank to take deposits and serve both retail and corporate customers.
Launched by Grab in 2018, Grab Financial Group has been instrumental in Grab’s journey from a ride-hailing service to a super app. Its digital wallet, GrabPay, is now the top digital wallet in Southeast Asia.