WHOLESALE BANKING | Staff Reporter, Hong Kong

UOB Hong Kong opens new office on Garden Road

The bank increased its total area by 70%.

United Overseas Bank (UOB) Hong Kong has moved to bigger premises to accommodate its expanding Wholesale Banking business. With an increase of 70 per cent in total area, the new offices will enable UOB Hong Kong to provide stronger support for its customers in their business  expansion needs across Asia. 

The biggest of the offices is at Garden Road, which accounts for more than 60 per cent of the total area.  Its official opening is part of UOB Hong Kong’s Golden Jubilee celebrations. In addition to 50 years of  presence in Hong Kong, UOB is also commemorating its 80th anniversary since the bank was founded in Singapore in 1935.

Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of UOB officiated the opening of the new office. He said, “Hong Kong is of great significance to UOB as this where we opened our first overseas branch in 1965. We have always held a far-sighted view of our business and from our beginnings, have been guided by thinking ahead for our customers and maintaining a long-term commitment to doing what is right for them. And it is with our clients’ continued support that UOB is now celebrating its Golden Jubilee in Hong Kong.”

In the last three years, UOB Hong Kong has also expanded its team of bankers by more than 45 per cent. They are mainly specialists in wholesale banking services such as cash management, trade finance and investment banking. 

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