Singapore’s OCBC investing US$192 million in Hong Kong, Macau to support business growth, CEO Helen Wong says

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OCBC News

Hong Kong,Macau

Singaporean banking giant OCBC Group plans to invest HK$1.5 billion (US$192 million) in Hong Kong and Macau to upgrade its digital platform and offices to target growing banking and wealth management op

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.

 

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