OCBC spends S$55 million on back-office hubs

Hubs in Singapore and Malaysia will be built over the next two years.

Singapore's OCBC Bank will spend S$55 million over the coming two years building back-office hubs in Singapore and Malaysia. The move, which was previously announced in February 2003 as part of the bank's New Horizons strategy, will give OCBC greater processing capacity. The hubs will also act as back-up sites for business continuity and disaster recovery.

The bank's chief executive officer, David Conner, says the plan is consistent with the OCBC's goal to bank the...

To continue reading, please login or register for free

Click for more on: ocbc | spends | s55 | million | backoffice | hubs

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...