Sydney CBD will welcome a new resident bank over the coming weeks, as an award-winning lender moves its head office and signature branch to the city.
Bank of Sydney has reached an agreement to purchase the prestigious 62 Pitt Street, a corner building located near Australia Square and Wynyard Station.
The site will act as both Bank of Sydney’s signature branch and its Australian head office following its impending move from the current location in the south end of the city.
“This move underlines our commitment to the Australian market and will cater to our future growth. A top-class CBD location will lift the bank’s profile and enhance our retail presence with access for all customers,” said the bank’s head of third party distribution, Steve Sampson
The move is the next step in the bank’s growth trajectory, ahead of its 20-year anniversary in 2021. The bank was named Money magazine’s ‘best of the best’ 2017, 2018 and 2019 and has also been recognised by Canstar for its product value.
“This is a brand new acquisition and we are at this point negotiating to obtain access to the building for our operations as soon as possible. As the acquisition strategy is catering for future growth of the bank, we will be increasing our staff numbers accordingly and 62 Pitt Street allows us to do that,” Sampson continued.
And, as always Sampson says that brokers will be welcome to meet clients in the new space.
“Brokers are always welcome to our premises for customer contacts if that makes it easier and indeed some of our brokers do just that for city based customers. The new CBD location gives us great options to run events and training on a bigger scale with easy city access,” he said.
