Singaporean bank hires ex-Goldman Sachs, HSBC MD as engineering head

18 November 2024

2 minute read

As the major banks overhaul their infrastructure, the technologists leading the transformation are becoming highly sought after. One senior technologist who was part of the transformation team at Goldman and then HSBC has just been tapped again, by OCBC.

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Michael Chung has joined the Singaporean Bank's private banking division, Bank of Singapore, as an MD and head of engineering. For the role, he is relocating to Singapore after 15 years based in Hong Kong.

Chung spent the past year and a half as the CTO of HSBC's insurance division, HSBC Life. In that role, he said he migrated the business to the cloud and decommissioned legacy applications. Prior to that, he was Asia head of cloud and reliability engineering for Asia at insurance firm Manulife.

The bulk of his career was spent at Goldman Sachs. He joined as a software engineer and worked his way up to Asia head of product and digital transformation for the bank's platform technology team. He spent three years in that role, then spent a year and a half as Asia head of software quality engineering in Goldman's core engineering team.

OCBC has been investing heavily in its tech in 2024, building out AI-based products like its Wingman coding assistant. It says it will be hiring over 300 engineers over the next three years, however these will be based in its tech hub in Shenzhen, China, rather than Singapore.

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