Goh is set to succeed Yu Dong Zheng as the chief executive officer of MariBank, with Zheng transitioning to an advisory role within the company. Both executives shared the news via their LinkedIn profiles.
The digital banking landscape in Southeast Asia is becoming increasingly competitive, with MariBank vying for market share against established players like Standard Chartered’s Trust Bank and GXS Bank, a joint venture between Grab Holdings and Singapore Telecommunications. This region, home to over 650 million people, is seeing a rise in tech-savvy consumers, prompting banks to innovate.
Sea’s digital banking division is crucial for its growth strategy, especially as revenue from its gaming sector slows. The e-commerce platform Shopee continues to be the company’s primary revenue source.
Goh brings significant experience to her new role, having previously served as managing director at Standard Chartered, where she led credit cards and unsecured lending in Singapore. She joined Trust Bank as chief operating officer in 2022.
Zheng is departing after two years at the helm of MariBank. He has a background in digital banking as the former head of SeaMoney and has also held leadership positions at Standard Chartered, including overseeing investment strategy and advisory services.
