Banks may be offshoring some of their low-grade tech work away from Singapore, but the Republic remains a hub for thousands of IT finance jobs.
Who are the senior managers in charge of technology strategy (and hiring) in Singapore? Here’s a selection, based on their online public profiles.
1. Stephen Barnham, group CIO financial markets, Standard Chartered
Singapore is Stan Chart’s de facto headquarters and home to Barnham, its CIO of financial markets. This is one of the biggest locally-based banking tech jobs: Barnham is responsible for more than 2,000 people globally and a budget of about $400m, according to his public profile. He also has an IT career spanning over 20 years in Asia, starting as a project manager at Morgan Stanley in Tokyo. By the late 1990s Barnham was heading up Asian operations and technology at Deutsche Bank. He then worked for eight years as regional head of equity technology at Lehman Brothers, transferring to Nomura in 2008 where he became global CIO.
2. Mayda Lim, head of technology, ANZ
Lim joined ANZ in Singapore a year ago as head of technology – it was her first job at a bank. Prior to that she spent eight years at Thomson Reuters, latterly as regional CTO and technology director. Lim began her career away from financial services, at supply chain company Exel, before moving to Intel in 2016 and then to Ford. Lim describes herself online as a “strong advocate of diversity and inclusion initiatives, especially for women in technology”. She is herself an unfortunately rare example of a female technologist in a leadership position in Singapore banking.
3. Shamus Weiland, CIO consumer APAC, EMEA, and global product development, Citi
Weiland’s career is an antidote to those of job-hopping Millennial techies. He’s work for 21 years, but only at two blue-chip American companies. The first was General Electric, where he ended up in several senior roles, including CIO of global healthcare services. Weiland moved to Citi – and to banking – in 2004 and rose steadily up the ranks from being a credit-card technology leader. He made MD in 2009 and moved from the US to Singapore three years late as CIO of global product development for consumer banking and wealth. Weiland is also now CIO for Citi’s consumer bank in Europe, the Middle East, and Asia Pacific.
4. Karen Bell, CIO Asia Pacific, Deutsche Bank
Bell has been with the firm for 21 years, in business, technology and operations roles in Singapore, Australia and the UK. Like many other technology heads in Singapore, Bell doesn’t come from a programming background. Her degree – from the University of New South Wales – is in finance and accounting, and she spent five and a half years of her early career at KPMG’s banking and finance division.
5. Sabyasachi Banerjee, head of operations and technology, global treasury and group functions, OCBC
Banerjee runs technology and operations for OCBC’s treasury, markets, investment banking, risk, compliance, finance and HR functions, according to his public profile. He’s responsible for an “overall spend” of more than $150m and is also leading the tech integration of Wing Hang Bank, the Hong Kong firm which OCBC bought in 2014. Before joining OCBC, Banerjee’s held three senior posts at ANZ, including head of enterprise applications and head of portfolio and business management.
6. Claus Norup, regional head of IT APAC and group head of security IT, UBS
Norup wears two important hats at UBS: he’s regional CIO for APAC and he’s global CIO for security IT. In the former role, Norup leads 7,000 staff across 13 markets. He moved to Singapore in March 2015, having been based in Zurich for the previous nine years. Norup joined UBS in 2010 as head of IT risk for Switzerland and EMEA and was promoted to his (then Swiss-based) CIO security job in 2013.
7. David Walker, head CBG IT strategy, architecture and engineering, DBS
Walker is the head of IT strategy, architecture and engineering for corporate banking and wealth at DBS (a firm he describes on his profile as a “cool and big fintech”). He has almost 30 years’ IT experience, mainly in the banking and finance sector, and wasn’t parachuted into tech management from another part of the business. From 2006 until joining DBS in 2011 Walker held senior positions at ANZ, including CIO of private banking and regional lead for the firm’s core banking replacement programme.
Image credit: CasarsaGuru, Getty