SVP – Product and Markets — Wealth Division

The mandate

Customer and operating evidence now point to a product portfolio that no longer maps cleanly to customer economics within a multinational-owned regulated universal or specialist bank. The immediate arena is the wealth division during a supervisory remediation. For mandate 078, the successful executive inherits decisions that have been deferred, competing stakeholder expectations and a need to establish facts before committing further capital.

The SVP – Product and Markets operating perimeter covers approximately S$51,000 million in loan and deposit book, with activity spanning several wealth division customer, product and delivery clusters rather than a single asset. The SVP – Product and Markets Banking remit carries direct influence over roughly 625 colleagues and third-party capacity.

The board and its investment committee want a SVP – Product and Markets who can convert ambiguity into a short list of explicit choices for the wealth division. The SVP – Product and Markets Banking seat must resolve a supervisory remediation, while preserving the underlying strengths of the wealth division. For mandate 078, value will come through sharper allocation, stronger leaders and an operating cadence that exposes variance early.

The SVP – Product and Markets’s first year on the wealth division is expected to end with portfolio focus, adoption and lifecycle profitability. In mandate 078, authority covers resources and leadership appointments; material trade-offs go directly to the board sponsor.

Why this seat is open

This is a newly created SVP – Product and Markets — Wealth Division seat, established because a supervisory remediation now requires one accountable executive rather than distributed ownership. The board has classified the appointment as urgent and intends to move from qualified shortlist to offer within 6–8 weeks. Interim governance protects the wealth division, but it is not a substitute for a permanent appointee. The external search remains confidential to avoid unnecessary disruption before the appointment is agreed.

What you will own

• Set the SVP – Product and Markets value-creation thesis for the wealth division, translate it into no more than five enterprise priorities and stop work that does not support them.
• Carry stewardship of approximately S$51,000 million in loan and deposit book, including allocation, risk acceptance and board forecasts.
• Lead the SVP – Product and Markets Banking organisation of about 625 employees and partners, appointing a team with clear decision rights and credible succession for every critical seat.
• Resolve the wealth division economics and execution constraints created by a supervisory remediation, with SVP – Product and Markets-approved owners, dated milestones and transparent escalation thresholds.
• Establish one SVP – Product and Markets operating review across commercial, customer, financial, people, technology and risk outcomes for the wealth division; remove reconciliations that obscure accountability.
• Show end-to-end ownership of a material platform or value stream, including budget, talent and measurable operating outcomes in mandate 078.
• Build the SVP – Product and Markets’s three-year succession and capability plan for the wealth division, reducing dependence on individual executives and improving mobility across the wider Banking organisation.

The first 12 months

• Days 1–90: Validate the wealth division baseline, meet the 30 stakeholders most consequential to a product portfolio that no longer maps cleanly to customer economics, assess the leadership team, stabilise immediate delivery risks and agree a board-owned scorecard with explicit decision gates.
• Months 4–9: Make the principal SVP – Product and Markets portfolio and organisation choices for the wealth division, install the new operating cadence, fill critical leadership gaps and deliver the first measurable release of cash, capacity or customer value.
• Months 10–12: Demonstrate a repeatable wealth division trend against portfolio focus, adoption and lifecycle profitability, lock the following year’s capital and talent plan, evidence control sustainability and present a credible three-year value case with downside actions.

What the board will measure

• Delivery of the SVP – Product and Markets’s agreed first-year wealth division value case within a 10% tolerance, with variance explained before rather than after the relevant quarter closes.
• A SVP – Product and Markets forecast that remains decision-useful across three consecutive quarters and reconciles the wealth division’s operating, cash, customer and people assumptions.
• Closure of the SVP – Product and Markets mandate’s highest-priority wealth division risk and execution issues by their board-approved dates, with independent evidence that fixes are sustained.
• Retention of at least 90% of critical wealth division talent and ready-now successors for at least 70% of the SVP – Product and Markets’s direct reports.
• A quantified SVP – Product and Markets-owned improvement in the wealth division operating constraint behind a supervisory remediation, supported by a clean baseline and named data owner.
• Clear stakeholder confidence in mandate 078: no unresolved high-severity escalation older than 30 days and no material surprise withheld from its agreed governance forum.

The person

You are currently a SVP Product, Product Line GM or Commercial Product Head in a multinational-owned Banking or adjacent enterprise. In relation to the wealth division, your SVP – Product and Markets track record includes a transition where the original plan was no longer sufficient; you can explain your choices, evidence and numerical impact. Candidates from financial services, payments, lending, insurance or regulated fintech will be considered where the operating model, customer stakes and governance intensity match this SVP – Product and Markets brief.

As a SVP – Product and Markets candidate, you bring 22–28 years of progressive Banking or adjacent-sector experience, consistent with the 22-28 experience band. At minimum, you have carried a P&L, book, budget or accountable portfolio of S$29,600 million and led an organisation of at least 450 people.

For mandate 078, the board wants two transitions: a difficult wealth division portfolio choice and a leadership-system change during a supervisory remediation. As the prospective SVP – Product and Markets for this wealth division, you must challenge optimistic cases and still create followership. References for mandate 078 must distinguish your contribution from the institution around you.

The SVP – Product and Markets must be based in Singapore; international relocation is supported, but this Banking role is not designed as a remote appointment.

Non-negotiables

• Current or recent accountability at the level of SVP Product, Product Line GM or Commercial Product Head, with direct exposure to a board, investment committee or equivalent Banking governance forum.
• Proven SVP – Product and Markets ownership of at least S$29,600 million and leadership of no fewer than 450 employees in a comparable wealth division context.
• One completed Banking or adjacent-sector example of a product portfolio that no longer maps cleanly to customer economics with outcomes sustained for at least two reporting periods after the initial intervention.
• Sector credibility from financial services, payments, lending, insurance or regulated fintech; experience that is purely functional and lacks SVP – Product and Markets-level wealth division consequences will not meet the bar.
• Willingness to meet the Singapore location expectation, complete conflicts and background diligence, and protect the confidentiality of mandate 078.

Compensation and terms

The anticipated SVP – Product and Markets package is S$360,000–480,000 base + annual incentive, calibrated to the final wealth division scope and the candidate’s current mix. Any long-term participation for mandate 078 follows standard vesting and performance conditions. The SVP – Product and Markets appointment in Singapore, centred on the wealth division, offers regular exposure to the board and its investment committee. A notice period of up to 6 months can be accommodated for the selected executive in mandate 078.

Confidentiality

This search is being conducted without naming the client for mandate 078. Identifying information will follow only when both sides elect to proceed under confidentiality; nothing in the published mandate should be treated as a clue to ownership or brand for mandate 078.