Citi Singapore hires new MD from Standard Chartered
Citi has appointed Singapore-based Kate Skivington as global head of risk and controls transformation within global wealth technology. Skivington has joined as a managing director.
She previously spent more than six years at Standard Chartered, latterly as an MD and global head of transformation management, “responsible for building and accelerating group-wide transformation”, according to her LinkedIn profile.
People with 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 strategy, for example.
Both Standard Chartered and Citi, two of Singapore’s largest foreign banks – which base some of their senior global leaders in the country – are hiring.
In June, for example, Judy Stonebridge-Dunne, joined Standard Chartered from Ant Group as global head of change and transformation, transactional banking. In March, Aniruddha Paul joined the firm from ING as global head of enterprise transformation.
Singapore-headquartered DBS, OCBC, UOB and GIC are also pushing ahead with transformation projects – such as the automation of trading and lending platforms. Earlier this year, Rusli Ang joined DBS as an executive director and head of Singapore digital technology and transformation.
Photo by Lee Aik Soon on Unsplash
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