UBS Tops Out New HQ in Hong Kong
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Switzerland’s UBS is doubling down on Hong Kong. Today, it topped out its new office based in West Kowloon.
UBS topped out its new Hong Kong office building on Wednesday. The ceremony, featured UBS group CEO Sergio Ermotti, Asia global wealth management (GWM) chair Amy Lo, GWM president Iqbal Khan and leading executives from Hong Kong property giant Sun Hung Kai.
The office is based in West Kowloon, which is located across the Victoria Harbor from Hong Kong’s traditional central business district. It is located next to major commercial building ICC, which houses banking rivals like Morgan Stanley and Deutsche Bank, as well as the high-speed rail that can quickly access mainland China, including southern Shenzhen in around 14 minutes.
Currently, UBS has five different offices in Hong Kong and under the new arrangement, it will consolidate the work spaces and occupy 14 floors in the West Kowloon commercial building. The bank will start moving into the new office in early 2026.
«Hong Kong is a strategic market for UBS in Asia,» Ermotti said in a statement. Our new office building marks an exciting new chapter for UBS as it will bring all of our Hong Kong operations under one roof, enhancing collaboration across all business divisions and facilitating the continued growth of our franchise.
Questions & Answers
Q.When is UBS planning to move into its new office building?
When is UBS planning to move into its new office building?
The bank is scheduled to begin relocating into the new West Kowloon office in early 2026. This move will consolidate its current five separate offices into one central location.
Q.Which key figures from UBS and Sun Hung Kai attended the topping-out ceremony?
Which key figures from UBS and Sun Hung Kai attended the topping-out ceremony?
UBS Group CEO Sergio Ermotti, Asia Global Wealth Management Chair Amy Lo, and GWM President Iqbal Khan were present. Leading executives from Hong Kong property giant Sun Hung Kai also attended the event.
Q.What is the strategic significance of the new office location for UBS?
What is the strategic significance of the new office location for UBS?
The West Kowloon site is across Victoria Harbour from the traditional business district, next to the ICC, which houses rivals like Morgan Stanley, and offers quick high-speed rail access to mainland China, including Shenzhen.
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