New York, NY – Bank of China (BOC) is preparing to move its U.S. headquarters this fall to a new 450-foot-tall glass tower overlooking Bryant Park, leaving the low-slung brick building on New York City’s east side that has been its home for 35 years. The bank will occupy more than half of the 28-story building, which it acquired for nearly $600 million in 2014. The move reflects the bank’s burgeoning business in the U.S., where assets soared to $78 billion last year from $13 billion in 2010, according to the Federal Reserve. BOC has approximately 500 employees in the U.S., including 400 in New York. The new 470,000 square foot U.S. headquarters was developed by Houston-based real-estate firm Hines. Hines selected Pei Cobb Freed & Partners Architects to design the project. The signature attribute to the New York tower, known as 7 Bryant Park, is a concave, hourglass-shaped incision that runs the length of the structure on its northeast corner, instead of a traditional right angle. Via construction manager StructureTone, BOC has awarded TRITECH Security Systems a $675,000 contract to engineer, procure and install a leading edge security system throughout the BOC space. This state-of-the-art system includes full integration between the access control-alarm monitoring and video surveillance systems which is comprised of 200+ card readers, secured/monitor points and duress buttons as well as 200+ cameras. With a robust software solution and powerful Network Video Recorder hardware BOC will store selected video for up to 90 days at 30fps.
About The Bank of China
As China’s most international and diversified bank, Bank of China provides a comprehensive range of financial services to customers across the Chinese mainland as well as 41 countries and regions. The Bank’s core business is commercial banking, including corporate banking, personal banking and financial markets services. BOC International Holdings Limited, a wholly owned subsidiary, is the Bank’s investment banking arm. Bank of China Group Insurance Company Limited and Bank of China Insurance Company Limited, both wholly owned subsidiaries, run the Bank’s insurance business. Bank of China Group Investment Limited, a wholly owned subsidiary, undertakes the Bank’s direct investment and investment management business. Bank of China Investment Management Co., Ltd., a controlled subsidiary, operates the Bank’s fund management business. BOC Aviation Pte. Ltd., a wholly owned subsidiary, is in charge of the Bank’s aircraft leasing business. For more information, please visit our website at www.boc.cn/en