BankBazaar Singapore – January 29, 2018
Singapore: This brings the ex-Citi man back to Singapore after an eight-month stint with the Commonwealth Bank in Sydney where he was working as a strategic advisor for the future-state technology division of the bank. The role entailed him to oversee strategic transformation of the core digital banking platforms engineered and used by the bank.
The move is expected to give further fillip to the hiring plans of the bank.
Peter Vicente brings a wealth of experience to UOB from his previous stints in the technology and banking sectors in Singapore and other key Asia-Pacific markets. He had worked as the managing principal of global strategic clients division for Wipro, an Indian IT and outsourcing giant, for one year and four months.
According to eFinancialCareers Singapore, he was based in Singapore during this period and got a chance to interact closely with the local and global industry giants and study the various operational challenges faced by them.
According to the website, Vicente initially made his mark in his role as a director of credit operations and member of the bank’s senior leadership team for Australia when he joined the bank in 2006.
In 2014, Vicente relocated to Singapore to take charge of Citi’s transaction services vertical across Asia. During his term, he was promoted to the position of MD. He took on additional roles of managing the core operations of the bank in the region. He was instrumental in supervising the transformation of Citi’s consumer operations business before joining Wipro in 2015.
During his association with Citi, Vicente was also made a member of the powerful operating committee for global core operations and contributed significantly to its expansion.
UOB, the smallest of three top domestic banks in Singapore in terms of asset, has traditionally been shy of poaching strategic human resources from its competitors. However, starting March 2017 when UOB hired Standard Chartered veteran Chairmaine Chow to lead its digital banking group compliance portfolio, UOB has been more aggressive in its recruitments.
This may augur well for the bank in the future because these strategic appointees come with a wealth of knowledge that’s relevant to UOB’s core interests in the Asia-Pacific region.
Some of the other top signings by the bank include Ram Jayaram, UOB’s head of digital technology transformation and Christopher Wee, head of digital product development division in Singapore. While the former was a distinguished Citi veteran before joining UOB, the latter was in charge of strategic portfolios at Standard Chartered.
Data cited by eFinancialCareers show that UOB has been ramping up its operations in the region by being the most aggressive recruiter in the Singapore banking sector of late. The bank also continues to look for other ways to improve and manage its operational efficiency. It had introduced two robot employees in 2017 to support its retail and wholesale operations.
UOB offers a range of personal finance products in Singapore, including credit cards, home loans, personal loans and car loans.