Standard Chartered has rehired Alvaro Garrido into the position of group chief information security officer (CISO). Garrido started his Singapore-based role earlier this month, according to his LinkedIn profile.
He previously spent more than four years at BBVA in Madrid as group chief security officer and group CISO, leading the team that manages information, data and cyber security, physical security, and anti-fraud operations.
Prior to that, he was group chief information officer at Nordea in Copenhagen.
This is Garrido’s second senior stint at Standard Chartered, having been global head of technology between 2012 and 2016.
His appointment is part of a senior hiring drive across the broader cybersecurity space at Stan Chart in Singapore. As we reported last month, veteran Goldman Sachs technologist Jamie Pizzorno joined the bank as head of trust and resiliency change, adoption and onboarding.
Standard Chartered made several key Singapore-based appointments last year, including Lavy Shtokhamer as head of its cyber defense centre (he’s since become global head, cyber defence and threat management). It also hired Jerome Walter as chief information security officer for its new digital bank, and took on Emilie Wolff Nguyen as head of tech and cyber security, business risk.
As we noted in April, cyber security recruitment is currently booming across most banks in Singapore. Some senior roles are being filled by overseas candidates, but at rank-and-file level banks prioritise local talent, which has created skill shortages and pay inflation. It’s not uncommon for new joiners to receive 30% salary rises.
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