These people now hold the real power in the Singapore banking sector

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These people now hold the real power in the Singapore banking sector

Banks in Singapore – from UOB to Goldman Sachs – continue to hire in technology despite chronic shortages of local talent and restrictions on Employment Passes. Of an estimated 6,500 new jobs created in the finance sector this year, 1,700 will be in tech, according to Monetary Authority of Singapore figures.

But who are the senior managers in charge of banks’ technology strategy (and hiring) in Singapore? Here’s a selection of some of the top technologists you need to know if you’re searching for a technology job in Singapore.

Soh Siew Choo, group head of consumer banking and big data/AI technology, DBS

Soh took on her current role, which focuses on two of the most innovative areas in banking technology, in March 2017, having worked as group head of core systems technology since 2014, according to her LinkedIn profile. Soh has been a key driver behind the DBS hackathon recruitment initiative, Hack2hire, and told us previously that she likes to hire technologists from outside the banking industry. Prior to DBS, Soh was head of Asia banking technology at JP Morgan in Hong Kong.

Vikram Subrahmanyam, Asia Pacific regulatory and cross-enterprise transformation and strategic projects lead, Citi

Subrahmanyam is a managing director and Citi lifer who joined the bank in 1991 in India. He rose steadily up the ranks and made managing director in 2005, responsible for operations and technology, markets and banking, for the Indian Subcontinent. Subrahmanyam, who has held several senior jobs in Tokyo, Jakarta and Mumbai, led Citi’s operations and technology functions across Asia Pacific from 2016 until 2020, when he took on his current position.

Susan Hwee, head of group technology and operations, UOB

Hwee manages more than 4,000 staff across Asia, is a member of UOB’s group management executive committee, and has more than 30 years of banking experience in technology and operations. UOB’s tech hiring is primarily designed to support its wholesale banking business, tap the rising wealth of ASEAN customers, and enhance its regional infrastructure, Hwee told us in May. Hwee also wants to hire people “specialising in product engineering who can build solutions throughout the bank, and those with engineering and domain expertise who can put it all together”.

Faisal Shamsee, co-head core engineering Asia Pacific, co-head Singapore engineering, and global head, distributed scheduling and wavefront engineering, Goldman Sachs

Shamsee joined Goldman Sachs back in 2001 as a London-based contract developer, and he secured a permanent position the following year as a Windows system administrator, according to his LinkedIn profile. In 2014, while still in the UK, Shamsee was appointed global head of application infrastructure. He transferred to Singapore in the same role, and three years later also became co-head of Singapore of technology. He then assumed his three current job titles in January 2018, when he also made MD.

Tancy Tan, global head of intelligent automation, JP Morgan

Tan moved to JP Morgan in 2006 after spending her early career at Accenture. Before taking on her current Singapore-based global role in 2019, Tan was head of APAC digital operations for corporate and investment banking. She describes herself as “passionate” about emerging technology, but says it’s important not to favour one kind over another. “Our strategy is about taking a business problem and then finding the most suitable emerging technology to solve it,” she told us previously.

James Aylen, head of UBS Evolve

Banks in Singapore are increasingly teaming up with start-ups, and fintech innovation labs are springing up across the city state. Aylen is leading UBS’s local fintech efforts via its Evolve unit, which was launched in 2015 and offers an incubation and acceleration programme to start-ups in the Asian wealth management sector. Aylen is a UBS veteran. He joined the firm as a developer in London in 2000 and moved to the US in 2007, where he worked in several IT outsourcing and business development roles, according to his public profile. Aylen relocated to Singapore in 2015 to take the helm at Evolve.

Kieran Ebbs, CIO global banking, commercial banking and corporate finance, Standard Chartered

Asia-focused Stan Chart bases a lot of its global CIOs and technology heads in Singapore. Ebbs started in his current role in 2017 after previously spending three years as CIO of global banking technology, according to his LinkedIn profile. The veteran technologist has worked at several other banks since 1984 including Deutsche Bank, ABN AMRO, RBS, and most recently HSBC, where he was the London-based global head of finance, regulatory and data services technology from 2010 to 2016.

Photo by Roshni Sidapara on Unsplash

Have a confidential story, tip, or comment you’d like to share? Email: smortlock@efinancialcareers.com or Telegram: @simonmortlock. You can also follow me on LinkedIn.

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