KUALA LUMPUR: HSBC Malaysia has officially opened its new head office at the Menara IQ building in the country's international financial centre, Tun Razak Exchange (TRX).

The move to the 33-storey building, in which HSBC has invested US$250 million (US$1=RM4.17), is a strong demonstration of the banking group's unwavering commitment to Malaysia and its customers, said HSBC Bank Malaysia chief executive officer, Stuart Milne.

The new head office was officiated by Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz today.

Milne said Malaysia remains central to HSBC's strategy and is especially crucial to the group's growth plans across the ASEAN region.

A total of 5,000 employees will be based in the bank's new office at the Menara IQ building, ready to offer a comprehensive suite of retail services as well as access to HSBC's international reach, helping to address the diverse needs of HSBC customers in the centre of the city.

"The opening of our new head office at Menara IQ today reinforces our commitment to using our unique expertise, capabilities, breadth and perspectives to open up new opportunities for our customers here.

"Leveraging HSBC's international connectivity, we will continue to strengthen our suite of offerings across retail and corporate banking, with a particular focus on sustainable finance and digital innovation to drive further business growth in the country," he added.

Since 2018, the bank has invested US$58 million in building the digital capacity of the bank's branches, while HSBC Amanah, the bank's Islamic banking subsidiary is also focused on transforming into a sustainable banking entity.

Milne said the bank's sustainability efforts also supports partnerships that help the country's communities to thrive, adding that as a demonstration of its commitment, HSBC Malaysia had donated RM1 million in total to the Global Environment Centre and Yayasan Inovasi Malaysia during the Menara IQ opening ceremony.

-- BERNAMA