Singapore, 17 April 2019 – UBS today announced that it plans to bring together its Singapore-based businesses to a new UBS office campus in the heart of the city. Its state-of-the-art facility will provide UBS clients with enhanced access to UBS's integrated wealth management, investment bank, asset management and global banking expertise. The move will bring together employees from different offices, into a 381,000 square feet prime property at 9 Penang Road that features customized health and well-being facilities as well as innovative future workplace concepts. UBS plans to move into 9 Penang Road in the second half of 2020.
August Hatecke, Country Head of UBS Singapore said:”Over the last 50 years, UBS has established itself as one of the leading foreign financial institutions operating in Singapore. Today, we have close to 4,000 people in Singapore across all of our businesses. The move will allow us to bring employees currently working at One Raffles Quay and Suntec City under one roof to enhance collaboration, as well as offer new capacity for future growth in Asia Pacific. The new premises will also be home to the UBS University which provides training and development programs for employees across the region."
The new building is centrally located and within easy reach of the main transit lines. Set in the Orchard shopping belt, the offices are close to expansive gardens and offer easy access to the lush greenery of Fort Canning Park as well as Singapore's heritage and civic districts.
As part of UBS’s commitment to the environment, the new building is energy-efficient and built with high-quality environmentally-friendly materials. In recognition of its sustainable credentials, the building has been awarded Singapore’s BCA Green Mark Platinum certification.
UBS looks forward to collaborating closely with the owners of the development, a joint venture between Haiyi Holdings Pte. Ltd., SingHaiyi Group Ltd. and Suntec REIT to design a world class facility for our employees and clients. UBS was also advised by Savills (Singapore) Pte. Ltd. on the transaction.
UBS in Singapore
Singapore is one of our top two major international booking centers for UBS's wealth management business in the region, headquarters for UBS's investment banking business in South Asia, and the single trading hub in Asia for FRC (FX, Rates and Credit).
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS' strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in 52 countries, with about 34% of its employees working in the Americas, 34% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 14% in Asia Pacific. UBS Group AG employs approximately 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).