HSBC will open its new global headquarters in London in March or April next year, according to reports.
Reuters said that the bank is moving from its tower in the Canary Wharf financial district to new offices next to St Paul’s Cathedral in the centre of the city.
The renovated office is named Panorama St Paul’s and will accommodate 4,600 of the bank’s 11,000 London-based staff, according to group COO Suzy White.
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The building is the former home of telecoms group BT.
HSBC will retain an office in Canary Wharf at 40 Bank Street.
White said HSBC’s headcount in the city will remain at around 11,000, with no major cuts planned as a result of the move.
Global CEO Georges Elhedery will have his own office in the building. Previous CEO Noel Quinn scrapped private offices for senior management in 2021.