Corrected: HSBC to open new London HQ in March or April 2027
CORRECTED-HSBC to open new London HQ in March or April 2027 Corrects story published Tuesday to clarify building will host 7,000 staff sharing 4,600 desks, not 4,600 staff
LONDON, Nov 11 (Reuters) - HSBC will open its new global headquarters in London in March or April next year, a senior executive at the lender said, as Europe's biggest bank shifts from its tower in the Canary Wharf financial district to new offices in the centre of the city next to St Paul's Cathedral.
The renovated office, which HSBC is dubbing Panorama St Paul's, will house some 7,000 of the bank's 11,000 London-based staff, sharing 4,600 desks, Group Chief Operating Officer Suzy White said
HSBC has been refurbishing the building, which formerly housed telecoms firm BT, since 2025
Global CEO Georges Elhedery will return to having his own office after previous CEO Noel Quinn scrapped private offices for senior management in 2021
The bank will retain a presence in Canary Wharf via space in offices at 40 Bank Street
HSBC will keep its total London headcount at around 11,000, White said, confirming no major cuts are planned as a result of the move
(Reporting by Lawrence White; Editing by Jan Harvey)
((lawrence.white@tr.com; +44 7788 366940))