Network for Electronic Transfers (NETS) has named Ricky Lim (pictured) interim group CEO, as Jeffrey Goh steps downÂ from his position and all other appointments within the NETS Group of companies, effective 22 November, to pursueÂ other opportunities outside the company.
Lim is the MD ofÂ NETS Solutions, a NETS subsidiary and has overÂ 20 yearsâ€™ experience in technology and corporate banking, from a range of senior roles at industry leaders including OCBC and Citibank. NETS said it has begun anÂ executive search for a successor from both the internal NETS organisation as well as the external sector.
During his eight-year tenure, NETS said Goh contributed to establishing a market leader position by extending NETSâ€™ coverage of the merchant base in Singapore to 120,000 merchant acceptance points. He was also instrumental in the successful acquisition of Banking Computer Services (BCS) and NETS Solutions (formerly known as BCS Information Systems) and the integration into NETS.
â€śIt has been a tremendous privilege to serve as CEO of NETS, and I want to thank the entire NETS team for the support they have given me. I am incredibly proud of the industry leadership we have created and what we have achieved together with our partners. I am equally confident about NETSâ€™ direction in its next chapter of transformation and growth,â€ť Goh said.
Meanwhile, chairman Ching Wei Hong said: â€śWe would like to thank Goh for his dedicated service and leadership in strengthening the business, and wish him every success in his next venture.â€ť
He added that Lim’sÂ extensive banking and payments experience will be invaluable during this transition period as it looks to grow NETSâ€™ business in the coming years to turn bold ideas into meaningful innovation in the payment space.