Kai Qiu to Replace Su Mei Toh as CEO of ANEXT Bank

ANEXT Bank has announced the transition of Chief Executive Officer Su Mei Toh to the next chapter of her career. During her tenure, Su Mei has been driving growth and innovation at the bank, establishing ANEXT as the SMEs digital banking leader.

As Su Mei steps down, Kai Qiu, ANEXT Bank's current Deputy CEO and Chief Technology Officer (CTO), is to be the newly designated CEO of the bank.

“We are deeply grateful to Su Mei for her exceptional contributions to ANEXT Bank. Her leadership and vision have been vital in establishing us as one of Singapore’s first digital banks, and in building a strong foundation that has positioned us as a leader in digital SME financing. We wish her all the best as she begins her next venture”, said Peng Yang, CEO of Ant International.

During Su Mei’s leadership, ANEXT Bank expanded its support for SMEs across the region, launched innovative digital credit solutions for MSMEs in Thailand, and helped countless businesses secure the financing they need to thrive.

Kai Qiu is a founding member of the team who has emerged as a visionary leader with both technology and business development expertise. As such, his strenuous work in forging state and private sector partnerships has been instrumental to the continued success of the bank.

“I would like to express my deepest appreciation to Su Mei for her incredible leadership and commitment to the bank’s success. She has laid a strong foundation, and I look forward to building on her legacy. I am also grateful to Peng Yang and the Board for their trust in me”, said Kai Qiu.

As Kai Qiu steps into his new role, the bank remains focused on empowering MSMEs, strengthening its core expertise in embedded finance, and advancing its efforts to expand globally.