Malaysia’s AEON Credit Service Names Chief Executive Officer of its Digital Bank  

The AEON Consortium, which consists of AEON Credit Service (M) Berhad, its parent company AEON Financial Service Co Ltd (AFS), and fintech company and technology partner MoneyLion Inc (MLI), has announced the appointment of Raja Teh Maimunah Raja Abdul Aziz as the Chief Executive Officer (CEO) of its digital bank that is anticipated to launch by the end of 2023, as per a statement made on 30th of November 2022.

Why it Matters?

In April 2021, Malaysia's Ministry of Finance and Bank Negara Malaysia (the Central Bank of Malaysia) granted a digital bank licence to five consortiums, including the AEON Consortium. After market rumours about Raja's potential move to the digital bank circulated since June, it was reported in October that Raja was set to join A...