It’s only January, but Singapore’s digital-transformation hiring boom shows no signs of abating.
Rusli Ang joined DBS earlier this month as an executive director and head of Singapore digital technology and transformation, according to his LinkedIn profile.
The veteran technologist previously spent more than 18 years at Citi in Singapore, where he was latterly a director and head of digital engineering for APAC and EMEA. Prior to that (2014 to 2017), Ang headed up digital technology for the same region at Citi.
Ang will have a lot on his plate at DBS. The Singapore lender is renowned for its technical innovation and was named the world’s best digital bank by Euromoney last September, but it suffered a high-profile IT outage in November.
His hire follows that of Imran Zaffar, who as we reported last week, has joined OCBC from McKinsey as head of agile transformation.
People with digital transformation expertise are in strong demand in the banking sector in Singapore and globally as established financial institutions boost their tech budgets and look to innovate in the face of competition from fintechs. HSBC wants to “digitise at scale” as a core pillar of its new strategy, for example.
DBS, OCBC and UOB – as banks that execute their digital strategies out of Singapore – are particularly strong recruiters in the transformation space, as is Standard Chartered, which bases many of its tech staff and senior management in the Republic.
But there’s a limited talent pool of people with the right combination of business expertise and technical knowledge to fill transformation roles, which has created a merry-go-round of talent as people are poached from rival banks and from consultancies.
As we’ve reported, banks can find it hard to retain their digital transformation specialists, who complain that they’re hindered by bureaucracy and are sidelined by existing business owners.
Photo by K8 on Unsplash
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