The increased digital capabilities of regional banks has increased competition for treasury centre investment across Asia as less established locations look to take business from Singapore, Hong Kong and Shanghai.
Reynels Lee has been named head of Malaysia at M-Daq Malaysia, formerly Easy Pay Transfers, which was acquired in July; the firm has a presence in seven markets.
In Singapore, Tan Khoon Guan becomes CEO as Alton Neo takes on the deputy CEO role, while Ng Cheong Sang has been appointed as Malaysia CEO at the corporate services provider.
Niall Hannigan, previously at Abu Dhabi clean energy firm Masdar, is joining PDG as it readies a campus in Johor to cater for the region's fast growing AI and cloud companies.
Mazatul ‘Aini Shahar Abdul Malek Shahar, the Malaysian sugar refiner's CFO, had already been on gardening leave since October 20 to help with an ongoing internal investigation.