Anext Bank CEO Su Mei Toh has resigned to pursue new opportunities.

Toh has led the bank as it grew into a regional player in digital financing for small and medium enterprises.

Effective immediately, Kai Qiu, the bank’s deputy CEO and chief technology officer, has been appointed as her successor.

Qiu has been with Anext Bank in a senior leadership role, where he worked closely with both public and private sector partners.