Asia becomes tech-central for CITI
(27 July 2009 – Asia) Citi has opened a global operations and technology centre in Singapore, firmly placing Asia at the centre of the banks technological operations.
The technology hub will house 2000 staff supporting various bank businesses across 40 different countries.
The 200,000 square foot purpose built building at Changi Business Park marks the completion of what Citi calls the first stage of its US$220 million (A$268.8 million) plan to centralise global operations and technology units in Singapore.
The building hosts a number of Citi's major processes, including the regional service centre for securities and funds administration and regional cash processing management unit.
In addition, it also houses global processing centres for wealth management, transaction services operations, technology infrastructure support and data centre services for multiple Citi businesses in Asia Pacific and globally.
Measures have been put in place to reduce the building's energy consumption by 33 percent and also ensure an uninterruptible power supply, to achieve round-the-clock operations.
These measures include low-emission glazing on its façade, intelligent energy management and green roof systems for solar and thermal insulation.
Andrew Butcher, regional head, operations and technology, Citi Asia Pacific, said that this built-to-suit building accommodates the advanced and robust systems and security required to consolidate operations and technology functions under one roof.
The 200,000 square foot purpose built building at Changi Business Park marks the completion of what Citi calls the first stage of its US$220 million (A$268.8 million) plan to centralise global operations and technology units in Singapore.
The building hosts a number of Citi's major processes, including the regional service centre for securities and funds administration and regional cash processing management unit.
In addition, it also houses global processing centres for wealth management, transaction services operations, technology infrastructure support and data centre services for multiple Citi businesses in Asia Pacific and globally.
Measures have been put in place to reduce the building's energy consumption by 33 percent and also ensure an uninterruptible power supply, to achieve round-the-clock operations.
These measures include low-emission glazing on its façade, intelligent energy management and green roof systems for solar and thermal insulation.
Andrew Butcher, regional head, operations and technology, Citi Asia Pacific, said that this built-to-suit building accommodates the advanced and robust systems and security required to consolidate operations and technology functions under one roof.
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