Helen Wong, group CEO of OCBC, says the bank is investing in technology to support its growth plans in Hong Kong and Macau. plans to invest HK$1.5 billion in Hong Kong and Macau to upgrade its digital platform and offices to target growing banking and wealth management opportunities, its CEO said on Wednesday .
As part of the investments, OCBC in March leased 54,800 sq ft in Airside, a mixed-use development by Nan Fung Group in Kai Tak, Hong Kong, for its new office, according to Cushman & Wakefield.. It uses a twin-hub approach – Singapore and Hong Kong – to run its business in its major markets Singapore, Malaysia, Indonesia, Hong Kong, Macau and mainland China.
China remains one of the fastest-growing major markets for OCBC, Wong said, citing its strong 5.3 per cent gross domestic product growth in the first quarter.