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HSBC scraps executive floor in Canary Wharf as part of flexible working push

The bank is aiming to slash its real estate costs

HSBC is moving executives to open-plan working, as part of a wider strategic shift to cut 40% from its global head office costs
HSBC is moving executives to open-plan working, as part of a wider strategic shift to cut 40% from its global head office costs Photo: Getty Images

HSBC boss Noel Quinn has scrapped the executive floor of its Canary Wharf headquarters as it seeks to slash real estate needs in its post-pandemic working policy.

Quinn said the 42nd-floor private offices formerly used by the bank’s top executives have now been turned into client meeting rooms.

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