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Standard Chartered has just hired a new managing director from DBS in Singapore

Standard Chartered has just hired a new managing director from DBS in Singapore

Standard Chartered has continued its senior technology hiring drive in Singapore by recruiting veteran banking technologist Paul Beresford from DBS.

Beresford has joined Stan Chart as a Singapore-based managing director and global head of retail products technology channels, statements and operations. He is responsible for platforms such as “channels, ATM, voice and virtual, chat, contact centre, statements and operations”, according to his public profile.

Beresford was head of consumer banking group digital technology at DBS. He joined the Singaporean firm in February last year and oversaw local and regional technology across mobile, public web, internet banking, payments, and sales-force mobility.

Prior to DBS, Beresford spent seven and a half years at ANZ, latterly as head of delivery for digital and content. He has also worked for IBM Global Business Services in the UK (2004 to 2008) and at two insurance firms in his native Australia.

This is not the only major tech hire that Stan Chart has made in Singapore in recent months. As we reported at the time, it recruited Pedro Sousa Cardoso from Emirates NBD in August as global head of digital commerce.

Stan Chart has also taken tech talent from DBS this year. In June, it hired George Harrak, the former head of technology delivery for DBS’ digital bank, as global head of technology programmes and solutions for private banking and wealth.

Singapore’s largest five banking employers – Citi, DBS, OCBC, Stan Chart and UOB – are all stepping up their tech recruitment, which often means poaching from each other.

Last month UOB recruited Christopher Wee from Stan Chart to help led digital partnerships for group wholesale banking, while Ram Jayaraman moved from Citi to DBS as head of digital technology transformation.

It’s not just senior musical chairs in the sector. OCBC is expanding 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 in September month.


Image credit:  Ingolf Hatz, Getty

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