Barclays security chief leaves firm in latest high-profile IT departure

Matthew Chung has left Barclays bank to take up a role at a US financial firm

Matthew Chung is the chief information security officer at Barclays bankThe chief information security officer of Barclays bank has left the firm, V3 has learned, marking yet another high-profile IT departure from the company in the past 10 months.

Matthew Chung (pictured), who also works as chief operating officer for Europe and head of technology risk, has left Barclays for a role at a US financial firm, a source familiar with the matter told V3.

Barclays refused to confirm or deny Chung’s departure when contacted by V3.

Chung is the latest major IT exec to leave Barclays in less than a year. In August 2013 the firm lost Ian Sayers, its chief architect for mobile services such as its payment platform Pingit. He joined rival mobile payments brand Zapp as chief technology officer.

Then in November 2013 Barclays chief technology officer Shaygan Kheradpir resigned to become the chief executive officer of Juniper Networks.

Finally, in February 2014 Anthony Watson, chief information officer of European business banking was poached by Nike to become its global chief information officer.

The loss of Chung comes during a period of major risk for the banking sector, with cyber criminals across the world targeting numerous institutions, forcing the financial sector to club together to try and shore up their defences.

Barclays is also in the process of shedding 5,600 IT roles as part of an overall headcount reduction of 19,000.

Last week Barclays finally released its Pingit mobile-payment application for Microsoft Windows Phone, 10 months after the company originally pledged to do so.

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One response to “Barclays security chief leaves firm in latest high-profile IT departure”

  1. BarclaysITguy says:

    Matt’s a MAJOR loss to Barclays. One of the worlds top CISO’s…..

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