HSBC opens new head office in Singapore's MBFC

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The new premises are digitally enabled and support new hybrid ways of working for HSBC’s 4,000-strong local workforce.

HSBC Singapore has officially opened its new headquarters in Singapore, located at Marina Bay Financial Centre Tower 2 (MBFC). 

Deputy Prime Minister, Heng Swee Keat joined HSBC’s Group Chief Executive, Noel Quinn to officiate the opening ceremony, alongside HSBC Singapore CEO, Wong Kee Joo.

The new office spans over 140,000 sq ft of space over the top floors of the 50-storey MBFC Tower 2 building, complementing the group's offices at Mapletree Business City. The new premises are digitally enabled and support new hybrid ways of working for HSBC’s 4,000-strong local workforce. It also incorporates design elements to minimise energy consumption and carbon emissions. 

The investment in MBFC is part of HSBC’s long term commitment to Singapore, contributing to the nation's position as a business and wealth hub for the region. HSBC is also investing further to ensure its employees are able to develop the skills they need for the future, in line with the aspirations set out in Singapore’s recently announced Financial Services Industry Transformation Map.

Noel Quinn, Chief Executive, HSBC, said: “Singapore is one of the pillars of HSBC’s growth strategy in Asia, and the move to Marina Bay Financial Centre reflects our ambitions for our business. My colleagues in HSBC Singapore are key to delivering these ambitions, so we will leverage Singapore’s strengths as a regional hub for wealth, treasury management, innovation and sustainability to build their future skills and to serve our customers’ present and future needs.”

Wong Kee Joo, Chief Executive, HSBC Singapore, added: “Our new headquarters at Marina Bay Financial Centre underscores HSBC’s commitment to Singapore. Since we established our presence here in 1877, our purpose has always been to help our customers capture domestic and cross border opportunities..”

HSBC Singapore see four major global trends impacting Southeast Asia businesses – supply chain shift, climate change, digital acceleration, and rising wealth. The company aims to double its wealth business by 2025. Equally, the bank is targeting double-digit growth in its commercial banking business in Singapore.

Image / Provided [From L to R: Noel Quinn, HSBC Group Chief Executive; DPM Heng Swee Keat, and Wong Kee Joo, HSBC Singapore CEO, at the ribbon cutting ceremony of the official opening of HSBC Singapore’s new head office at MBFC.]

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