JP Morgan creates new open-floor storey in Hong Kong to improve security and save costs
Renovated space has no assigned seating, has combined 1.5 floors into one, and saved 30 per cent in rental costs
When Nicolas Aguzin, JP Morgan’s Asia-Pacific chief, decided to renovate one of the 10 floors of its offices in Central Hong Kong into a new-style working environment, his principal aim was to make the business more technologically enabled and create a modern workplace that fits the requirements of its new generation of staff.
The better-than-expected outcome also achieved substantial rental cost savings and a higher degree of security.
The US investment powerhouse has turned the 28th storey of Chater House – one of the city’s landmark addresses – into a fully, up-to-date working space, making it the first investment bank in Hong Kong provide a range of seating styles and unequalled amounts of room dedicated to teamwork sessions.
“Our decision was all about pursuing a better way of working that encourages innovation, collaboration and embraces modern work styles,” said Aguzin.
The new office has no assigned seating, enabling the bank to consolidate its workspace.
Its banking division combined 1.5 floors into one, leading to 30 per cent saving in the banking division’s rental costs.