M-DAQ Global Appoints Senior Leader to Spearhead Strategic Growth in Malaysia
August 28, 2024
- M-DAQ Global announced the appointment of Reynels Lee as the Head of Malaysia, overseeing the Group's operations in Malaysia.
- The appointment follows M-DAQ Global's recent acquisition of Malaysia-based payments service provider Easy Pay Transfers Sdn. Bhd.
- CEO & Founder of Easy Pay Transfers Sdn. Bhd. Jared Ang will relinquish his former role and serve as the Non-executive Chairman of MDAQ Malaysia Sdn. Bhd. M-DAQ's legal entity in Malaysia.
[28 August 2024, Singapore] - M-DAQ Global Pte. Ltd. (“M-DAQ Global”), a Singapore-headquartered fintech group specialising in cross-border foreign exchange and payments solutions, announced today the appointment of Reynels Lee as the Head of Malaysia of M-DAQ Global. This strategic appointment follows M-DAQ Global's recent acquisition of Easy Pay Transfers Sdn. Bhd. (“Easy Pay Transfers”), a Malaysia-based payments service provider, further strengthening the Group’s presence in the region. In addition, Founder & CEO of Easy Pay Transfers Sdn. Bhd. Jared Ang will also relinquish his former role and serve as the Non-executive Chairman of MDAQ Malaysia Sdn. Bhd., as part of the board to oversee the business unit’s strategic execution for sustainable growth and risk and compliance control.
Reynels brings close to 30 years of experience in the financial services and technology industries, with a robust background in driving business growth and strategic market expansion. Prior to this, Reynels has held the role of Chief Executive Officer and Executive Director at ACE Money Exchange Sdn. Bhd.. In his new role, he will oversee M-DAQ Global’s operations in Malaysia, focusing on enhancing the company’s offerings in the region.
"We are excited to have Reynels onboard our leadership team," said Richard Koh, Founder & Group CEO of M-DAQ Global. "His extensive experience and deep understanding of the Malaysian market will be instrumental in accelerating our growth and delivering unparalleled value to our clients as we remain committed in providing innovative cross-border payments solutions."
"I am honoured to take on this role at such an exciting time for M-DAQ Global," said Reynels Lee, Head of Malaysia of M-DAQ Global. “I look forward to working with the team to deliver innovative solutions and help local businesses navigate the complexities of cross-border transactions."
The acquisition of Easy Pay Transfers aligns with M-DAQ Global's strategy to strengthen its capabilities and expand its market presence in Southeast Asia, amongst its presence in 7 countries and territories.
