Friday 21st January 2011 saw the official opening of the Standard Chartered Bank offices at Marina Bay Financial Centre, Singapore. The offices were designed by the Woodhead Workplace team and occupy 24 floors of Tower 1, a total of over 50,000sqm. This follows closely on the back of completing the Changi Business Park project for Standard Chartered and completes the two phase project steered by the SCB project team headed by Steve Riley.
Guest-of-Honour for the ceremony was Minister for Finance, Mr Thaman Shanmugaratnam who described the Marina Bay Financial Centre as a location to rival Hong Kong’s business district and London’s Canary Wharf citing the vision of the Singapore Nation, the developers and the occupiers to underpin the success of the development and highlights Singapore as a financial hub in the region.
For Standard Chartered, Peter Sands the Group CEO outlined that this was the largest office in their global portfolio of offices which included the largest dealer environment in the whole of Asia, 780 positions across 3 floors. The ceremonial opening also included Group Executive Director and CEO, Asia, Jaspal Bindra and Ray Ferguson, CEO Singapore.
The design of the offices captures the bank’s direction to accommodate “agile working” throughout the space, a variety of work-settings that are technology enabled and a sensitivity to the office branding which supports the message of Asia, Africa and Middle East.
Standard Chartered’s new trading room at the MBFC, currently the largest in Asia (in terms of the number of trading positions), has a total of 790 seats spanning over 65,000 square feet across three floors. This is more than twice the size of the Bank’s previous trading room at Battery Road.
The move is also part of Standard Chartered’s plan to consolidate its office space in Singapore. The new office at MBFC centralises the Bank’s front office staff and the 225,000 square feet Standard Chartered at Changi Business Park (also designed by Woodhead) houses non front-line employees in human resources, technology and trade operations.
Standard Chartered Bank @ Marina Bay Financial centre has:
- The largest trading floor(s) in Asia (including Japan): It is the largest in terms of number of seats – a total of 790 seats, over 65,000 square feet, spanning over three levels with an internal staircase linking the three floors.
- Representation of the Bank’s global footprint: Each floor is designed according to a different theme: Level 18 (Asia), Level 19 (Middle East), Level 20 (Africa).
- Room for expansion: Even with all businesses and related support teams co-located, the trading floors are at about 80 per cent capacity, with around 150 dealing positions available to support further growth in the business over the coming years. We also have the option to expand upwards to other floors if required in the future.
- Green office: There are a number of initiatives that are supporting our overall sustainability agenda – reduced paper use through `follow-me printing’ and fully AV equipped meeting rooms, eco-friendly materials used in indoor areas, removal of personal rubbish bins and storage cabinets to increase recycling and central stationery to reduce wastage.