HSBC opens wealth centre on 99th floor of ICC, in boost to Hong Kong’s weak office market
Centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally
The centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally. It features 51 meeting rooms for 100 staff to meet with clients, plus two event spaces that can host banquets for up to 220 wealthy customers. The Guinness World Records also said it was the globe’s highest-altitude bank.
HSBC does not release rental information, but a source in the property market said ICC rents stood at HK$65 to HK$69 per sq ft, indicating the new centre’s rent would be HK$1.5 million (US$192,307) to HK$1.6 million a month.
“With Hong Kong set to become the world’s largest cross-border wealth hub by 2030, we are opening the world’s tallest bank to serve our high-net-worth customers,” said Janet Pang, HSBC Hong Kong’s managing director and head of distribution for wealth and personal banking.
She said the location satisfied the needs of wealthy customers who wanted privacy while also enjoying the expansive views afforded by the ICC.
The ICC location is the bank’s fourth large wealth management centre in the city. It plans to open a fifth location in the International Finance Centre in Central by the end of 2025, Pang said. The others are located in Tsim Sha Tsui, Causeway Bay and at HSBC’s headquarters.