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OVERVIEW
SHRINKING PROFITS DUE TO REVENUE PRESSURE
AND STRINGENT REGULATIONS INDUCING
COST
CONTAINMENT
AMONG GLOBAL BANKS, WHILE
REGIONAL BANKS STILL EXPANDING
30% OF
BANKING HEADCOUNT
IS VULNERABLE TO
AUTOMATION OVER THE NEXT DECADE
RETAIL BRANCHES
TO FLOURISH IN EMERGING
MARKETS; MUTED IN FINANCIAL HUBS
HIGH RENTS AND LIMITED OPTIONS IN CORE
LOCATIONS HAVE PUSHED THE SEARCH FOR
ALTERNATE LOCATIONS
NEW ECONOMY (TECHNOLOGY AND MILLENNIALS)
SHAPING THE NEW
FINANCIAL WORKPLACE
ANNUAL COST SAVINGS OF US$ 2000-3500 PER
EMPLOYEE BY ADOPTING A
CO-WORKING MODEL
IN FINANCIAL CENTERS
TECH AND OUTSOURCING
TO CREATE MORE
THAN 100 MILLION SQUARE FEET (MSF) OF
OFFICE DEMAND IN FIVE YEARS, WITH
FINANCIAL
SECTOR OFFSHORING
ACCOUNTING FOR 30-40%
KEY TAKEAWAYS
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