👋🏽 GXS Bank’s CEO retires

What we’ll cover today:

💸 iAltA’s $20M fintech debut

🧑‍💼 GXS Bank gets a new CEO

🔍 Private markets = next hot play

🎤 Fintech leaders talk legacy tech

Meet iAltA — The Avengers of Private Markets Are Back 💸

Bill Sherman, Laurence Tosi, and Scott Ganeles launch iAltA with $20M to fix the messy world of private market infrastructure.

🚨Breaking News:
iAltA launches with $20M from WestCap and unveils its new platform to streamline transactions, operations, and data in private markets.

⚡Wire Simplified –

• The founders previously built Ipreo, sold to IHS Markit.

• iAltA’s first product: a digital system for private fund managers.

• It simplifies deals, investor comms, cash flow, and ops.

• Acquired Verivend (payments) and Betterfront (fundraising).

• Plans to buy more startups, merge tools, and speed up innovation.

✔️Straight to the Point:
iAltA is building a one-stop private markets machine — starting with $20M, two acquisitions, and three proven operators at the helm.

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GXS Bank CEO Steps Down, Passes Torch to Pei-Si Lai 👋🏽

Muthukrishnan Ramaswami, former Citi and SGX veteran, is retiring as CEO of Singapore’s GXS Bank after a 2-year tenure.

🚨Breaking News:
Ramaswami exits on May 31; Pei-Si Lai, GXBank Malaysia CEO, will take over GXS Bank from June 1 onward.

⚡Wire Simplified –

• Ramaswami led GXS since 2023, post Citi and SGX roles.

• GXS is backed by Grab and Singtel.

• Pei-Si Lai becomes new GXS CEO, starts June 1.

• GXBank Malaysia will now be led by Kaushik Chowdhury.

• GXS offers savings, loans, and debit cards across SEA.

✔️Straight to the Point:
Leadership baton at GXS Bank changes hands smoothly, as Pei-Si Lai prepares to scale its digital banking mission in Southeast Asia.

FinTech Abu Dhabi 2025
Organized by the Abu Dhabi Global Market, this event explores the latest trends, regulatory advancements, and innovations in the FinTech sector.
Date: November 2025 | Location: Abu Dhabi, UAE

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Hong Kong FinTech Week 2025
One of Asia’s premier FinTech events, featuring speakers, panels, and exhibitors showcasing innovations in finance and technology.
Date: November 2025 | Location: Hong Kong

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