HSBC Unveils Innovative New US Headquarters in Hudson Yards, Shaping the Workforce of the Future in New York City (2024)

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HSBC has inaugurated its new U.S. headquarters at The Spiral in New York City's Hudson Yards, marking its most significant U.S. relocation. The ceremony was attended by notable figures including Mayor Eric Adams and former Mayor Michael Bloomberg. The new headquarters represents HSBC’s commitment to New York and aims to foster an empowering work environment. Designed by Bjarke Ingels Group, The Spiral features 66 stories with green outdoor terraces, ample natural light, and sustainability-focused infrastructure. HSBC's leadership emphasized the bank's dedication to connecting U.S. clients with international opportunities and supporting New York's economic growth.

Positive

  • HSBC's new headquarters at The Spiral enhances its commitment to New York City.
  • The innovative design aims to inspire employee collaboration, creativity, and wellbeing.
  • Green outdoor terraces and ample natural light improve the workplace environment.
  • Environmentally friendly features align with HSBC’s sustainability goals.
  • The relocation supports HSBC’s vision of connecting U.S. clients to global opportunities.

Negative

  • The press release does not provide specific financial data or impact on shareholders.
  • No immediate financial benefits or cost details of the relocation were mentioned.
  • The announcement focuses on symbolic and visionary aspects rather than concrete business outcomes.

HSBC leadership hosts opening ceremony at The Spiral at Hudson Yards, alongside Mayor Eric Adams, Former Mayor Michael R. Bloomberg, Partnership for NYC President and CEO Kathryn Wylde, and Architect Bjarke Ingels

NEW YORK--(BUSINESS WIRE)--HSBC today announced the inauguration of its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood, marking its largest U.S. relocation to date. This headquarter move, combined with investments in other offices across the country, reinforces HSBC’s position as a leading international bank with a commitment to New York City and its U.S. operations. In addition, the innovative design process for its Hudson Yards office space exemplifies HSBC's progressive approach to reshaping the future of work by fostering an empowering environment for clients and colleagues.

HSBC Unveils Innovative New US Headquarters in Hudson Yards, Shaping the Workforce of the Future in New York City (1)

HSBC US Headquarters at Hudson Yards Photo Credit: M Moser Associates and Garrett Rowland

Several distinguished guests participated in the grand opening ceremony, including Mayor of New York City Eric Adams, Former Mayor of New York City and Co-Founder of Bloomberg L.P. Michael R. Bloomberg, Partnership for New York City President and CEO Kathryn Wylde, and Architect Bjarke Ingels, founder of Bjarke Ingels Group. HSBC Group Chairman Mark Tucker and CEO for the U.S. and Americas Michael Roberts led the event and each shared remarks. As part of the ceremony, guests placed artifacts unique and meaningful to HSBC into a time capsule, which will be reopened in 40 years to mark the Bank’s bicentennial.

“Our new U.S. headquarters in the heart of one of the world’s financial capitals symbolizes our commitment to our clients and to this critical market,” said HSBC Group Chairman Mark Tucker. “We remain focused on connecting our clients in the US to opportunities overseas, and those around the world to the US.”

“New York City isn't just coming back — we are back. Under our administration, we have set the record for the highest number of total jobs in our city’s history, and we just hit another milestone with the most private-sector jobs ever in New York. And thanks to investments like the one HSBC is making in New York City today, we are laying the foundation for economic growth in the decades to come,” said New York City Mayor Eric Adams. “As one of the world’s leading banks, HSBC’s new headquarters represents a deep commitment to the future of New York City and further cements our city’s position as the financial capital of the world.”

Developed by Tishman Speyer and designed by the prominent architects at Bjarke Ingels Group in collaboration with Adamson Associates and structural engineer WSP Cantor Seinuk, The Spiral is a 66-story office tower in the Hudson Yards neighborhood of New York City opened in 2023. The Spiral visually extends the landscape of the nearby High Line Park up and around the building’s exterior, allowing access to green outdoor terraces from each of the 66 stories. Its distinctive features, including its outdoor terraces with changing plant species as the building rises and ample natural light, enhance the workplace experience, strengthening employee collaboration, creativity and wellbeing.

“Today marks an exciting milestone for HSBC and is the result of years of planning, refining and dedication, all driven by our vision to reimagine our workplace as an environment that inspires our colleagues to serve our clients with unparalleled excellence and expertise,” said HSBC CEO US and Americas, Michael Roberts. “Our nearly 150-year history in the US is stronger than ever, and our new headquarters in New York City stands as a testament to our forward -looking vision for the future.”

The building incorporates various environmentally friendly features, including 13,000 square feet of outdoor space and a water management system that collects overflow rainwater to treat and redistribute through the tiered landscaping, in alignment with HSBC’s sustainability goals. The tower was also designed with adaptable infrastructure to accommodate changing needs and technology advancements over time, complementing HSBC’s forward-looking vision of the workplace. With this vision in mind, M Moser Associates designed HSBC's interior office space to incorporate various environmental, inclusive, and smart features that align with HSBC's sustainability and inclusion goals.

Jones Lang LaSalle (JLL) provided project development and brokerage services and continues to provide the integrated facilities management and experience management. The Spiral is pursuing LEED Silver certification.

Click here for photos of the new headquarters at Hudson Yards.

About HSBC

HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,0001bn at 31 March 2024, HSBC is one of the world’s largest banking and financial services organisations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

For more information, visit: HSBC in the USA

HSBC Securities (USA) Inc. ("HCSU") is a wholly owned subsidiary of HSBC Markets (USA) Inc. ("HMUS"), whose ultimate parent is HSBC Holdings plc ("HSBC"). HCSU is an indirect wholly owned subsidiary of HSBC North America Holdings Inc. ("HNAH"), which is an indirect wholly owned subsidiary of HSBC. HCSU is a registered broker-dealer of securities under the Securities Exchange Act of 1934 and a registered Futures Commission Merchant ("FCM") with the Commodity Futures Trading Commission ("CFTC"). We engage in underwriting, dealing, and brokering a full range of debt and equity securities and futures contracts. We are also a primary dealer in U.S. Government and government agency securities. HCSU is a member of the Financial Industry Regulatory Authority ("FINRA"), New York Stock Exchange ("NYSE"), CME Group Inc. ("CME"), Intercontinental Exchange ("ICE"), LCH Ltd ("LCH"), Securities Investor Protection Corporation ("SIPC"), and The Options Clearing Corporation ("OCC").

ABOUT TISHMAN SPEYER

Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 35 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 556 properties, totaling 225 million square feet, with a combined value of over $128 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.

ABOUT M MOSER ASSOCIATES

M Moser Associates is a global architecture, design, strategy and delivery firm with more than 1,000 professionals networked across Asia, India, Europe, and the Americas. Since 1981, we have been connecting design, culture, inclusivity, technology, wellness and sustainability to expand the potential of the built environment. We help transform organizations large and small by redefining the present and anticipating the future to drive positive change for people, planet and business.

To learn more about our team and how we work with clients and industry partners to create dynamic, resilient and human-centric environments, please visit mmoser.com.

ABOUT JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

For further information, visit jll.com.

HSBC Unveils Innovative New US Headquarters in Hudson Yards, Shaping the Workforce of the Future in New York City (2)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523976002/en/

Media enquiries

Matt Kozar
HSBC Vice President of External Communications, US
matt.kozar@us.hsbc.com

Keri Callaghan
Peppercomm
keri.callaghan@peppercomm.com

Source: HSBC

FAQ

What is the significance of HSBC's new headquarters at The Spiral in Hudson Yards?

HSBC’s new headquarters symbolizes its commitment to New York City and aims to foster an empowering work environment with innovative and sustainable design.

How does the new HSBC headquarters support its sustainability goals?

The building includes 13,000 square feet of outdoor space and a water management system that collects and redistributes rainwater, aligning with HSBC’s sustainability objectives.

What notable figures attended the HSBC headquarters opening ceremony?

The ceremony was attended by New York City Mayor Eric Adams, former Mayor Michael Bloomberg, and other distinguished guests.

How does the design of The Spiral enhance the workplace experience?

The Spiral features green outdoor terraces and ample natural light, designed to boost employee collaboration, creativity, and wellbeing.

What is HSBC's long-term vision with the new headquarters?

HSBC aims to connect U.S. clients with international opportunities and support economic growth in New York City by providing a forward-thinking work environment.

HSBC Unveils Innovative New US Headquarters in Hudson Yards, Shaping the Workforce of the Future in New York City (2024)

FAQs

What is happening to HSBC in the USA? ›

HSBC Holdings plc ('HSBC') today announces that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval.

What is the future goal of HSBC? ›

Support our customers. Embed net zero into the way we operate. Partner for systemic change. Become net zero in our operations and supply chain by 2030, and our financed emissions by 2050.

Why is the HSBC important? ›

HSBC, one of the world's largest banking and financial services organizations, has been connecting Americans to global opportunities since 1865.

How many employees does HSBC have in the US? ›

HSBC has 22 Banking Branches and 22 representative offices across the United States. Our 2,180 employees are what makes our business successful and drives us into the future.

Why is HSBC leaving? ›

HSBC's intention is to cut costs and downsize to much smaller offices, which is a concrete illustration of the impact of hybrid working on demand for office space. The most revealing part of the story is not where the bank is moving from, but where it is moving to: back into the City of London.

Which country owns HSBC Bank? ›

The HSBC Group is a British banking group, that is the second largest in the world. It was founded in 1865, Hong Kong, by the Scottish banker, Thomas Sutherland. Now, it's head office is in London, in the United Kingdom, in the building known as 8 Canada Square.

What is the strategy of HSBC USA? ›

HSBC USA Inc. HSBC's strategy enables us to connect customers to opportunities. It is supported by long-term global trends and a strong combination of strategic advantages as a leading international bank with exceptional access to the fastest growing markets and robust balance sheet strength.

Why is HSBC so successful? ›

HSBC's success as a global financial services provider can be attributed to its strategic expansion into new markets. The company recognized the potential for growth in Asia and began expanding its operations in the region in the 1980s.

What is going to happen to HSBC? ›

In November 2022 HSBC Group agreed to sell its banking operations in Canada (HSBC Canada) to the Royal Bank of Canada(RBC). This sale has been completed on the 28 March 2024. If you have an HSBC Canada account, we want to keep you informed of some of the changes that will result from the sale.

What is HSBC best known for? ›

The birth of a bank

In March 1865, HSBC opened its doors for business in Hong Kong, helping to finance trade between Europe and Asia. We have been supporting our customers for more than 150 years. Today, we serve around 42 million personal, wealth and corporate customers worldwide in 62 countries and territories.

What are the four core values of HSBC? ›

Our values in detail
  • We value difference. We were born speaking different languages. ...
  • We succeed together. We offer our customers a unique breadth of opportunity. ...
  • We take responsibility. What we do has a real impact on people's lives, communities and the planet. ...
  • We get it done.

Does HSBC have any branches in the USA? ›

HSBC Bank USA, N.A. is a national bank chartered under the National Bank Act, and thus is regulated by the Office of the Comptroller of the Currency (OCC), a part of the U.S. Department of the Treasury. The company has 22 branch locations.

Does HSBC have branches in NYC? ›

Find your nearest HSBC Wealth Center/ATM or surcharge-free Allpoint ATMs. Our Fifth Ave. Wealth Center, located at 452 Fifth Ave, New York, NY 10018, has relocated to 66 Hudson Blvd. E, New York, NY 10001 as of Monday, April 22, 2024.

Does HSBC work in USA? ›

We serve customers from offices and branches in cities across the United States including New York, Los Angeles, Chicago, Atlanta, Houston, Seattle, Miami, San Francisco, and Washington, DC.

Who is the CEO of HSBC USA? ›

Michael Roberts is President, CEO and Executive Director of HSBC North America Holdings Inc., and also serves as Chairman of HSBC Bank USA, N.A., and HSBC USA Inc.

What bank is taking over HSBC? ›

TORONTO, March 28, 2024 - Royal Bank of Canada (TSX: RY) (NYSE: RY) ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada").

Who will buy HSBC USA? ›

(NYSE: CFG or “Citizens”) today announced that Citizens Bank, N.A. has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A , N.A.. Under the agreement, Citizens will acquire approximately $9.0 billion in deposits and approximately $2.2 billion in ...

Why is HSBC falling? ›

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank. Despite the fall, HSBC's share price is still at its highest since August 2018, trading at about 68 Hong Kong dollars per share.

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