More banks moving to Changi Business Park
Posted: 17 March 2011 2044 hrs
SINGAPORE: Changi Business Park is fast turning into a banking hub with several banks already relocating there to expand and consolidate their operations away from the city centre.
Swiss banking group Credit Suisse is joining other banks such as Citi, Standard Chartered and DBS to establish a presence in Changi Business Park.
The move comes as the bank consolidates its local operations from several locations as Singapore becomes its global support function centre.
The bank said its existing premises at One Raffles Link will continue to house client-facing and front office functions.
Credit Suisse Singapore CEO Lito Camacho said: "in our industry, the competition for talent has gotten very intense.
"These days, it's not just about compensation; it's not just about specific benefits and so on.
"It's about providing a holistic environment. I think it allows our staff to feel and be proud of this human institution as opposed to an institution that is out there to make money".
-CNA/wk
- wong chee tat :)
