Japan’s biggest bank rebuilds Tokyo headquarters for post-pandemic work
The Mitsubishi UFJ Financial Group headquarters in Tokyo. Photo: AFP
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. Updated: 05 Apr 2021, 11:05 PM IST Bloomberg
Plans for the knock-down and rebuild will include considerations around corporate life after the pandemic, that may see staff working more from home or at satellite offices
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Japan’s largest bank will rebuild its 40-year-old headquarters in Tokyo’s financial district as the lender prepares for a post-Covid world that will also see some compliance roles shift to India.
The new building will “significantly reduce facility expenses for the financial group by bringing together about 19,000 workers who are currently located in nine different locations across the downtown area of the Japanese capital, said Junichi Hanzawa, chief executive officer at MUFG Bank Ltd., a core unit of Mitsubishi UFJ Financial Group Inc.