As part of its commitment to offer bespoke services to clients and enhance employee experience, the firm will move its London headquarters to accommodate future growth and reduce its carbon footprint.
Julius Baer International, the UK division of the Swiss private bank, is to relocate its London operations to a new office in the capital.
The firm has exchanged an agreement for new office space in Farringdon, and will relocate from its current base in St Martin’s Le Grand to Greville Street from the start of 2023.
The move is part of its commitment to offer bespoke services to clients and enhance employee experience as well as to accommodate future growth and reduce its carbon footprint.
“The COVID-19 pandemic has irreversibly altered the way in which we live and work and, as such, I believe our office spaces will become even more critical to engagement, creativity and productivity. As a people-centric business, our new office will play an important part in the next stage of our firm’s rich history in London as we look to create a hybrid working environment that supports the creativity of our team whilst also addressing the needs of our clients,” David Durlacher, chief executive officer, Julius Baer International said.
“Establishing our own dedicated office in a progressive and innovative area between the tech Industry in Shoreditch and financial services in the City will also allow us to grow our position in the market, as well as benefit from the range of infrastructural developments currently taking place in Farringdon. This move underscores both Julius Baer International’s commitment to the UK and the wealth of opportunity we continue to see here.”
The new building is currently under construction and is scheduled for completion in Q1 2023. It will cover 27,000 sq ft over six floors and will be designed to support the firm’s extensive client base and enhance employee experience in the hybrid world, the firm said. Employees will also have a say in the design process and how the new work environment can support client relationships, team collaboration, wellness and technology in the most effective way.
Julius Baer has appointed design architects HLW to strengthen the digital function of the building to support connectivity between employees locally and internationally. The building has achieved BREEAM Very Good certification for its sustainability performance, and the firm will be in control of its energy, water, and waste management to aid sustainability efforts across the business.
The building is being designed to support the social goals of creating value beyond wealth through a dedicated separate space on the ground floor and basement to support Hatton Garden’s jewellery community with a silversmith workshop.
Implementing hybrid working means that the firm will be able to reduce its space in London by one third, making its use of space more efficient and reducing its carbon footprint significantly, it said in a statement.