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DBS has just made a major hire from Citi in Singapore

DBS has appointed Ram Jayaraman as head of digital technology transformation.

DBS has appointed Ram Jayaraman as head of digital technology transformation.

Jayaraman joined DBS earlier this month after 10 years at Citi in Singapore. He was latterly digital technology delivery head for the bank’s international (ex-North America) business and had “ownership for online banking delivery”, according to his public profile.

Digital banking has emerged this year as a recruitment priority for both global and local banks in Singapore and Hong Kong.

In August, Standard Chartered hired Pedro Sousa Cardoso from Emirates NBD as global head, digital commerce, based in Singapore. UOB has recruited Christopher Wee from Stan Chart to help led digital partnerships for group wholesale banking.

It’s not just senior musical chairs in the sector. Rank-and-file recruitment of project managers, designers and other digital banking professionals is also on the rise.

OCBC is ramping up its digital banking teams in Singapore and is hiring people from outside of finance to overcome local talent shortages, Pranav Seth, head of e-business, told us last month. HSBC is increasing its digital headcount in Hong Kong, where much of its Asian development takes place.

Jayaraman’s new firm, DBS, was named best digital bank globally by Euromoney last year and it continues to hire in a function. It has rolled out its Digibank app into emerging markets such as Indonesia and India, and is now looking at doing the same in China.

To support its digital ambitions, DBS is hiring 200 new technologists – mainly developers and architects – in the year to end-May 2018.

Industry veteran Jayaraman’s has worked in the US, Hong Kong and India during his 21-year career. He was based at Citi’s Dallas, Texas office from 2005 to 2007 as head of development and delivery for the bank’s US mortgage lending businesses, according to his online profile.

Image credit:  Tomatopictures, Getty

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