Head of important team leaves UOB in Singapore
Matthew Porritt, UOB’s head of transaction banking technology and operations, has left the bank after a stint of about two and a half years. Porritt told us that he cannot yet announce his next job. UOB did not comment on his move.
Transaction banking is an important revenue generator for Singaporean banks. People like Porritt, who have technology transformation experience in transaction banking, are in demand across the Asian finance sector as banks increasingly look to automate cumbersome trade finance and cash management processes.
Prior to UOB, Porritt was head of client technology solutions, global trade and receivables finance, at HSBC between 2015 and 2017, working across London, Hong Kong and New York, according to his LinkedIn profile.
He cut his teeth in the banking sector at Barclays, where he worked for almost 12 years, most recently as the London-based programme director for the firm’s global cash management transformation programme. Porritt held several other senior positions at Barclays, including New York branch head for its Americas corporate bank, and head of product development for transaction banking.
Porritt’s former firm, UOB, continues to hire senior technologists in Singapore as usage of its digital channels surges during the pandemic. As we were the first to report, it hired Jon Bowden, one of HSBC’s most experienced technologists, in July as head of core banking. More than a third of UOB’s current Singapore-based vacancies are in technology, according to the bank’s careers site.