The announcement comes three years after Raja Teh joined the organisation and led its transformation from concept to a fully operational digital lender. Under her leadership, AEON Bank completed the development of a cloud-native core banking platform and obtained the necessary regulatory approvals to commence its public launch, laying the groundwork for long-term growth in the digital Islamic finance space.
Reflecting on her tenure, Raja Teh described the role as a defining professional milestone, noting that the bank had made history by establishing the country’s first digital Islamic banking platform. She expressed pride in the technological infrastructure built during her time at the helm, as well as in the team assembled to deliver the bank’s vision, adding that she leaves confident in AEON Bank’s future trajectory.
Chairman and Independent Non-Executive Director Tomokatsu Yoshitoshi paid tribute to Raja Teh’s leadership, highlighting the scale and complexity involved in building a digital bank from the ground up. He said her efforts had resulted in a strong and resilient foundation, positioning AEON Bank to scale its operations and advance its mission of expanding financial inclusion.
The board confirmed that a formal succession plan is underway, with details of the next chief executive to be announced following the completion of regulatory approvals.
Meanwhile, industry sources indicate that Raja Teh is being considered for the Group Chief Executive Officer role at Bank Islam Malaysia, potentially succeeding Datuk Mohd Muazzam Mohamed.
The upcoming transition follows other recent leadership changes at AEON Bank, including the appointment of Yew Jin Kang as Chief Technology Officer after the departure of Glen Cha, signalling an ongoing evolution of the bank’s senior management as it enters its next phase of growth.