SMBC Moved To CapitaSpring

Why SMBC Moved To CapitaSpring?

SINGAPORE – Japanese multinational financial firm Sumitomo Mitsui Banking Corporation (SMBC) has recently relocated to its new 3-level office within the 51-storey CapitaSpring mixed-use development after more than two decades of staying at Centennial Tower, reported The Edge on Thursday afternoon (15 December, SGT).

“Over the years, we have grown to 1,200 employees. As we look ahead post-pandemic, we are proud to move into our new office after two and a half years of planning and co-creating with our employees,” said SMBC’s Board Chairman Takeshi Kunibe.

The 68-year-old banker revealed that SMBC’s new office space in CapitaSpring was designed around 3 pillars, namely wellness, collaboration, and sustainability.

“From the office building selection to the use of technology, decisions were prioritised around delivering the best experience for our clients, providing our employees with flexible work styles and a best-in-class working environment and our commitment to maintaining carbon neutral operations, among others.”

Moreover, with the new workspace, the Japanese bank hopes to attract younger professionals, shared SMBC’s Co-head for Asia Pacific Rajeev Kannan.

“Only about 20 percent of our employees (are from) the millennial generation. In the future, it will increase so we need to have an office space that allows for a more collaborative working environment.”

In Singapore, the Japanese multinational financial firm has another branch in Changi Business Park. And the city-state is one of the key parts of SMBC’s global presence, which encompasses more than 27,000 staff in offices across 39 regions and countries.

“Looking forward, we will continue to pursue synergies between SMBC and our portfolio companies to achieve further growth from not just our Singapore hub, but across the relevant locations and working closely with our head office teams,” Kunibe added.

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