At Citi Wealth Hub in Singapore, Banking Meets Biophilia (2024)

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (1)

The founder and director of Ministry of Design, Colin Seah, admits that his firm was not an obvious choice to design a high-end bank. “We’re a bit of a black sheep,” he says. “It’s our natural impulse to be slightly rebellious and question convention.” The Singaporean architect has earned accolades for such edgy constructions as the Race Robotics Laboratory, a futuristic black cave, and the piercing triangular Vanke Triple V Gallery. Investment banks, by contrast, favor plush but predictable interiors. Yet Citibank Singapore was ready for a change when it held a competition to create the Citi Wealth Hub, a wealth-management center downtown. The RFP called for out-of-the-box thinking and a fresh, world-class experience. MOD’s outsider perspective worked to its advantage: The firm won with a proposal for what it called a “banking conservatory” filled with tropical plants.

Behind the Design of Citi Wealth Hub in Singapore

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (2)

The idea stemmed from the site, a sunny 36-foot-high atrium in a 2014 building by Raymond Woo & Associates Architects. “In a conservatory, you grow, nurture, and protect something valuable to you,” Seah explains. “I thought it was an interesting analogy for wealth.” The plan also made sense on a cultural level. The bank stipulated that Citi Wealth Hub, which serves clients across the region, should reflect its location, and Singapore has long billed itself as a garden city. Its first prime minister, Lee Kuan Yew, promoted green space as a path to prosperity, hoping tree-lined roads and clean parks would attract tourists and foreign investment. In the past decade, the country has unveiled two high-profile indoor gardens: Jewel Changi Airport by Safdie Architects and Gardens by the Bay from Grant Associates and WilkinsonEyreArchitects. “On the one hand, our project was innovative because of its typology, but on the other, it’s logical as part of thecity’s development,” Seah notes.

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (3)

Landscape Architects Collaborate on the Office Conservatory

MOD worked with ICN Design, the landscape architects behind Jewel Changi Airport, to create a lush but formal conservatory that could be used for events as well as private meetings. The team composed layers of plants in different heights and textures, including betel nut palms, arums, and Boston ferns. Gold-tinted stainless-steel planters conceal a hydroponic growing system; plants sit in individual pots that can be easily removed and the water is topped up by hand. The layout evokes a meandering garden path, as planters curve to enclose nooks with Neri & Hu lounge chairs and Michael Anastassiades lamps. LED strips line walkways at night.

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (4)

Acoustically-Sealed Meeting Pods Offer Unique Spaces to Collaborate

Four acoustically sealed meeting pods form luxe cocoons amid the foliage. Originally, MOD conceived them as pavilions for casual conversations. But as the project evolved, the firm realized clients would want to use them for con­fidential discussions as well. “The pods look simple, but they’re incredibly complex,” Seah explains, “because they had to be private without making clients feel trapped.” Skylights and large windows bring in natural light, while wool-clad foam panels and soundproof ducting protect acoustics. Like houses, each podhas its own mechanical, electric, andsprinkler system.

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (5)

At the entrance, Seah reimagined the client lounge. “Usually, there’s a nice, quiet room and someone brings you a drink from a hidden pantry,” he observes. Having designed multiple hotels—most recently the Prestige in Penang, Malaysia—he pitched a sleek marble bar where guests could network and take in the garden over mochas and mocktails. “It sets a completely different tone that says, Come hang out—which apparently clients do.” International visitors or locals shopping in the neighborhood can stop in for a break anytime, using the space like a private club. It’s no Soho House, but it is about as buzzy as a bank can get.

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (6)

At Citi Wealth Hub, the Conservatory Offers Coveted Nature Views

While most guests visit the conservatory, on the second of Citibank’s four floors, only private banking clients can see it from above. On the third level, those elite members have access to an enclosed viewing deck furnished with Rodolfo Dordoni armchairs and side tables. “It’s a great place to appreciate the garden, but also a sign of having arrived,” Seah says. Other details subtly distinguish the exclusive upper level, such as a polished marble reception desk, walnut-veneer wall coverings and cabinets, and handblown glass pendant fixtures. Peace lilies and fan palms grow in gray marble planters.

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (7)

The biophilic design continues all through­out the 30,000-square-foot project, which includes two floors devoted to 220 employees. “In wealth-management centers, there’s often a strong disconnect between impressive public areas and depressing back offices,” Seah says. “For the mental well-being of the people working here, we made the office areas an extension of the conservatory.” Client relationship managers work at curvilinear hot desks that wrap around planters of shade-loving evergreens. Spiky palms animate collaboration areas, while wood-look vinyl flooring and walnut laminate tables add warmth. A shifting smart lighting system matches circadian rhy­thms, bright in the morning and cool toward evening. It is, in other words, an environment where clients, employees, and plants alike can thrive.

See How Citi Wealth Hub Incorporates Biophilic Design Throughout

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (8)
At Citi Wealth Hub in Singapore, Banking Meets Biophilia (9)
At Citi Wealth Hub in Singapore, Banking Meets Biophilia (10)
At Citi Wealth Hub in Singapore, Banking Meets Biophilia (11)
At Citi Wealth Hub in Singapore, Banking Meets Biophilia (12)

Project Team:
Joyce Low; Ruth Chong; Colin Appleton; Fon Lertrattanakit; Fai Suvisith; Namrata Mehta; Nong Chotipatoomwan; Justin Lu; Zhang Hang; Kevin Leong; Chiang Sze May; Richard Herman; Rais Rahman; Tasminah Ali; Azilawati Wanti; Iqbal Yusof; Maggie Lek: Ministry of Design. ICN Design International: Landscaping Con­sultant. Lighting Planners Associates: Lighting Consultant. Alpha Acoustics Engineering: Acoustical Consultant. Arup: Structural Engineer. Bescon Consulting Engineers: MEP. Stonrich: Stonework. Grandwork Interior: General Contractor.

Product Sources: Bo Concept: Chairs (Pod). Andreu World: Table. Herman Miller: Chairs (Office Area). Lamitek: Counter Material. Flos: Lamp (Break-Out Area). De La Espada: Chair. Lacividina: Coffee Table. Comfort Furniture: Chairs (Collaboration Area, Office Area). Throughout: Million Lighting: Recessed Fixtures, Plant Lights. Ramework Materials: Ceiling Panels. Insul-Dek: Acoustic Ceiling System. Kvadrat: Wall Fabric. Aural-Aid: Paneling. Surface Stone: Floor Tiles. Interface: Carpet Tile, Vinyl Flooring. Royal Thai: Carpet.

Read next: Ministry of Design Installs Sky-High Sculpture for YTL Corporation Berhad in Kuala Lumpur

At Citi Wealth Hub in Singapore, Banking Meets Biophilia (2024)

FAQs

Why is Singapore a wealth management hub? ›

Ultra rich families are driving the luxury residential market. Singapore has maintained its reputation as a leading hub for capital in Asia Pacific thanks to its safe-haven status, political stability and innovation prowess, according to Knight Frank.

Does Citibank have wealth management? ›

Citi Personal Wealth Management can provide strategies to help you meet your goals. Whether you prefer to invest on your own, with an advisor or a combination of both, Citi Personal Wealth Management can provide strategies to help you meet your goals.

What are the benefits of Citi wealth? ›

Through Citi, you have access to annuity products including immediate, deferred, variable and fixed annuities. Your Wealth Advisor can help you develop a financial plan that includes education and college savings strategies. As a Citigold client, you can make commission-free ETF trades.

What is Citi Global wealth at Work? ›

Our mission is to help clients achieve not only their financial goals, but a state of sustainable wellness that lets them focus on advancing their careers … and their firms. Our financial planning and wealth services address: Current and future cash flow needs. Retirement planning.

What is Singapore's main source of wealth? ›

One of the key factors contributing to Singapore's economic miracle was its strategic location, which made it an ideal hub for international trade and commerce. The country's main exports include electronics, chemicals and services. Singapore is the regional hub for wealth management.

What is the trend in wealth management in Singapore? ›

Looking ahead, the Assets under Management in Singapore's Wealth Management market are anticipated to exhibit a steady annual growth rate (CAGR 2024-2028) of 0.95%. This growth trajectory is expected to result in a market volume of US$210.90bn by the year 2028.

What is the minimum amount to qualify for Citi Private wealth management? ›

How do I qualify for Citi Private Bank? Citi Private Bank has a net worth requirement of $10 million USD.

Which bank has the best wealth management? ›

If your assets are above $10 million, we recommend J.P. Morgan Private Bank as one of the best banks millionaire use for its award-winning variety of services and experience with managing large amounts of wealth. Let's explore the best banks for high-net-worth individuals to see which might be the best fit for you.

What is so special about Citibank? ›

Citi is a bank that's uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot.

What is Citibank best known for? ›

Citibank is the world's largest issuer of credit cards, so there are many types of credit cards available for consumers and small business owners. These credit cards offer airline miles, travel rewards, cashback, and Citibank's proprietary rewards called ThankYou Points.

What is the minimum balance for Citi wealth First account? ›

While there is no minimum monthly income required to have a Citi Wealth First Account (Citigold), the minimum deposit or investment of $250,000 is needed to be in your Citi Wealth First Account (Citigold) at any point of time, which is more than triple the amount required for a Citi Wealth First Account (Citi Priority) ...

What is the highest salary in Citibank? ›

The highest-paying job at Citibank is a Managing Director with a salary of ₹96.8 Lakhs per year. The top 10% of employees earn more than ₹35.75 lakhs per year. The top 1% earn more than a whopping ₹79.83 lakhs per year.

Who is the head of Citi wealth? ›

Andy Sieg - Head of Wealth - Citi | LinkedIn.

Is Citi laying off employees? ›

The layoffs come as the banking giant moves to trim its headcount by nearly 20,000 staff over the next two years, according to Reuters.

Why is Singapore such an important business hub? ›

Free trade and double tax agreements

With its favorable taxation policies and strategic position within Southeast Asia, Singapore offers foreign investors competitive and unprecedented access to the Asian market. Businesses can enjoy nearly 100 double taxation agreements (DTAs) with significant tax deductions.

Why is Singapore a banking hub? ›

With a blend of local and foreign talent, the financial sector has benefited from diverse perspectives, expertise, and innovation. Additionally, Singapore's reputation for political stability, a strong legal system, and transparent regulations has always been a magnet for global financial institutions.

Why is Singapore a good trading hub? ›

Singapore has been a leading commodities trading hub for decades. Its strategic location, strong governance and connectivity have spurred the growth of a rich ecosystem of global trading firms in the city-state.

Is Singapore a major financial hub? ›

Singapore keeps crown as Asia's top financial centre, outranks Hong Kong on all factors of competitiveness: GFCI report. Singapore continues to outrank Hong Kong – albeit by a single point – as the top financial centre in Asia, according to the latest edition of the semi-annual Global Financial Centres Index (GFCI).

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