NETS, on June 1, announced the appointment of Ricky Lim as its new CEO of its wholly-owned subsidiary Banking Computer Services (BCS), an entity within the NETS Group.
It manages and operates clearing and payment infrastructure for the Singapore Automated Clearing House, including Fast And Secure Transfers (FAST), inter-bank GIRO (IBG), cheque truncation system (CTS) and provides services for PayNow and the SGQR Central Repository.
Lim’s appointment was effective May 12. He succeeds outgoing CEO Jimmy Quek, who has stepped down after 39 years, for personal reasons.
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Lim, a seasoned industry veteran with over 20 years in the payments and financial services sector, is currently managing director of NETS subsidiary, NETS Solutions. He is also the head of NETS’ Merchant Business.
Prior to NETS, Lim has held several senior roles in global transaction services, including his role as senior vice president and head of regional cash management at OCBC Bank.
As managing director of NETS Solutions, Lim led the team that built Singapore’s FAST payments system in 2014.
“Ricky is a proven leader within the NETS Group who has contributed significantly to the adoption of e-payments in Singapore. He is a results-oriented, dynamic, and innovative business leader. Ricky’s track record makes him ideal to take the helm at BCS and enable BCS products and services to play a significant role in connecting communities and empowering lives,” says NETS group CEO Lawrence Chan.
“I am grateful for the opportunity to lead BCS. Since its inception, BCS has been intrinsically linked to the development of Singapore’s core payments infrastructure, and has played a significant role in spearheading large-scale national payment projects. I am excited to build on its history of advancing payments to continue to unlock new value across the entire payments chain in our digital transformation journey,” says Lim.
