The Premier International Centre has undergone five months refurbishment and is now ready for its employees to move in on 11 August 2020. Premier International Centre houses teams specialised in servicing HSBC Bank (Singapore)’s international customers from across the region including those residing in Singapore for their global banking and wealth needs.
This is part of HSBC’s effort to upgrade its premises across Singapore including the re-location of its head office to Marina Bay Financial Centre Tower 2 and the upgrading of its offices at Mapletree Business City.
Mr Anurag Mathur, Head of Wealth & Personal Banking, HSBC Bank (Singapore) said: “As we position Singapore as the international wealth hub for HSBC’s Premier customers from across the region, we see the need to refresh our office premises given that the team size has since outgrown the space.”
“The refreshed Premier International Centre is designed to encourage colleagues to work collaboratively. This is increasingly important as collaboration across business lines and markets is key to deepening our Asia Wealth proposition in this region.”
HSBC Singapore’s headquarters had been at 21 Collyer Quay since 1890. Over the years, the premises have been rebuilt, with the current building constructed in 1979.
HSBC Singapore began the move from its Collyer Quay headquarters to Marina Bay Financial Centre Tower 2 in 1Q2020. However, the commencement of Singapore’s Circuit Breaker measures meant that the majority of HSBC employees started working from home and never actually re-located to the new site till 19 June 2020.
In HSBC’s June 2018 global strategy update, Singapore was one of only eight markets amongst HSBC’s 64 countries and territories1 into which Group investment will be channeled to support material growth. In 2018, HSBC Singapore announced a new three-year strategic plan with a focus on eight strategic priorities and included a 10% increase in headcount over the period across all business lines2.
More recently, HSBC has announced the launch of a new global business, Wealth and Personal Banking, combining Retail Banking and Wealth Management and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets, with nearly half of the assets from Asia3.
Wealth and Personal Banking will cover the entire spectrum of private wealth, from retail clients to ultra high net worth (UHNW) individuals. HSBC will continue to invest in its wealth management business globally, with a particular focus on Asia, including Hong Kong and mainland China (especially the Greater Bay Area) as well as South-East Asia, some of the world’s fastest growing economies.
HSBC Bank (Singapore) will also re-open its Jade Centre @ Claymore on 11 August 2020 as part of its gradual resumption of operations, post Circuit Breaker.
|Branch Name||Branch Address|
|Claymore Branch||6 Claymore Hill, #01-01 Claymore Plaza, Singapore 229571|
|Hillview Branch||4 Hillview Rise, #01-10 HillV2, Singapore 667979|
|Holland Village Branch||263 Holland Avenue, Singapore 278987|
|HSBC Jade Centre @ Claymore||6 Claymore Hill, #02-01 Claymore Plaza, Singapore 229571|
|Jurong Branch||Blk131 Jurong Gateway Road, #01-257/259, Singapore 600131|
|Marine Parade Branch||80 Marine Parade Road, #01-92 Parkway Parade, Singapore 449269|
|Orchard Dhoby Ghaut Branch||68 Orchard Road, #01-60 Plaza Singapura, Singapore 238839|
|Raffles Place Branch||50 Raffles Place, Singapore Land Tower #01-03, Singapore 048623|
|Serangoon Garden Branch||62 Serangoon Garden Way, Singapore 555958|
|Suntec City Branch||3 Temasek Boulevard, #02-738/739 Suntec City Mall, Singapore 038983|
HSBC branches and Jade Centre that will remain closed are: Alexandra, Collyer Quay, Tampines and Jade Centre @ Jewel.
All branches in operation except for Raffles Place branch will continue to serve HSBC corporate banking customers.
HSBC Bank (Singapore) remains committed to balancing the need of offering essential banking services to the community with safeguarding the health and safety of its customers and employees. Customers visiting HSBC branches are required to wear a face mask at all times and log their visits via the SafeEntry QR code, which has been implemented at all entry and exit points of HSBC premises.
1 HSBC Strategy Update: Return to Growth and Value Creation – Investor Presentation, June 2018, slide 9
2 Straits Times: “HSBC ramps up investment and hiring to grow market”
3 HSBC Press Release: “HSBC creates wealth powerhouse to tap Asia opportunity”