Standard Chartered pinches new global head of cybersecurity from Singtel
Standard Chartered has appointed a new global head of operations, information and cybersecurity (ICS), David McLinton.
Subject to regulatory approvals, McLinton began his role on 6 January 2020 and will be overseeing the bank’s ICS operations.
With 25 years experience in risk management, security engineering and telecommunications (telco), McLinton comes from his role as head of Asia Pacific operations and cybersecurity at Singtel, one of the four major telcos operating in Singapore.
He also spent time working as JP Morgan Chase’s chief information security officer (CISO) Asia Pacific and Latin America for JP Morgan Chase.
McLinton will report to Yuval Illuz, the bank’s group CISO. Illuz was brought in at the beginning of last year “to rapidly improve the group’s information and cybersecurity control environment” according to the bank.
“This will include driving the adoption of automation and self-service capabilities across the bank and to look at ways to improve centralisation and consolidation of teams, processes and technologies,” the bank said in a statement at the time.
Now its new global head of ICS operations will join Illuz behind this strategy. “With David on board, I am confident our teams will continuously improve and innovate to protect the long-lasting trust we have built in the markets we operate,” says Illuz.
“His diverse insights and deep experience will be valuable to our relentless focus to serve the security needs of our clients and the bank,” Illuz adds.
Standard Chartered’s internal approach to cybersecurity seems to be one of changing mindsets. The bank’s global head of cyber and information security risk Libby Denchfield agreed with a panel at the GRC Summit in London last November that the bank was trying to strike a balance between enabling a digital society as well as a business.
Denchfield said the mindset needs to trickle down into employee training on common threat vectors such as phishing – something she says the bank will be particularly focusing on in the future.