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Aeon Consortium appoints Raja Teh Maimunah as CEO

KUALA LUMPUR: Aeon Consortium has appointed Raja Teh Maimunah Raja Aziz as the digital bank's new chief executive officer effective from Dec 1.

Prior to joining the consortium, Raja Teh was the managing director of wholesale banking at AmBank Group. 

She had held various positions in the past, including CEO and managing director of Hong Leong Islamic Bank, chief operations officer of Hong Leong Group's digital innovation and transaction banking. 

Raja Teh also served in Pengurusan Danaharta Nasional Bhd, Malaysia's national asset management and debt recovery agency, during the Asian financial crisis in 1998.

"I am pleased to welcome Raja Teh as the CEO of our digital bank. We are confident that her leadership skills, coupled with extensive banking experience especially in Islamic finance and her passion for digital banking, she together with the team will be able to build the next Malaysia's digital banking landscape", said Daisuke Maeda, managing director of AEON Credit Service (M) Bhd in a statement today.

AEON Consortium was one of the five consortiums to have been awarded a digital bank licence by the Ministry of Finance and Bank Negara Malaysia in 2021. 

The digital bank is expected to launch by end of next year.

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