Amazon to take Citigroup office space in Singapore's finance hub

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[SINGAPORE] Amazon is planning to take over some of Citigroup's office space in Singapore at a time when a number of the e-commerce giant's Chinese tech rivals expand in the city state. Read more at The Business Times.

Amazon currently has about 200 job openings in Singapore for roles covering data analytics, sales and advertising, business development, marketing and public relations, according to its career site.

A representative for Amazon declined to comment. A spokesperson for Citigroup confirmed the bank is giving up the space, but declined to say which tenant is taking over. Some consumer banking staff and employees in other functions will relocate to Changi Business Park where the bank has bigger premises and a long-term lease, he said.

Amazon, which has been rapidly expanding in Singapore over recent years, has existing offices in Capital Square and One George Street. A lease for the space being taken in Asia Square Tower 1 would typically be for more than five years.

Although the Singapore government has eased some restrictions around the virus such as allowing more workers to return to the office, remote work is still the default option. Citigroup is reviewing its work spaces due to the virus and looking at other ways of working to allow flexible arrangements, the spokesperson said.in Singapore in December as it aims for double-digit growth in the nation. 'Citi Wealth Hub at 268 Orchard' will open with space for more than 300 relationship managers and product specialists.For daily updates on weekdays and specially selected content for the weekend.

 

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