OxPay’s managing director to leave earlier following appointment of replacement

OXPAY Financial’s managing director Tan Chee Keong has “mutually agreed” with the company to depart on Feb 1, five months earlier than he was supposed to, OxPay said on Wednesday (Jan 18).

This comes as the company appointed Koh Jin Kit, who was most recently an education and career guidance counsellor at the Ministry of Education, as managing director.

Koh was business adviser and management consultant at Red Dot Payment from October 2019 to June 2020. Prior to that, he served as senior vice-president and director of operations and the services department at NTUC Link.

He spent 2.5 years at payments processing company Payvision Singapore. Koh is also president of Serangoon Gardens Country Club, and holds no directorships.

OxPay on Jan 10 announced the resignation of Tan, who intended to “pursue other career opportunities”, according to the company. It said then that it was in the midst of confirming a potential candidate for the role of managing director.

Notwithstanding Tan’s Feb 1 departure, Tan will continue to serve his termination notice period under his service agreement with the company, OxPay said.

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The payment services company was in September ordered by the Employment Claims Tribunal to pay its former chief executive Anthony Koh and chief financial officer Madeline Sam S$77,501.52 following wrongful dismissal claims.

MC Payment, as OxPay was known at the time, said in July 2021 that both individuals would serve a required six-month notice period following their resignations. However, in a bourse filing on Dec 1, OxPay announced the immediate termination of Koh and Sam, about one month before their notice periods were up.