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KUALA LUMPUR (Jan 19): Alliance Bank Malaysia Bhd (KL:ABMB) on Monday officially launched its new 24-floor office suite, Menara Alliance Bank, located along Jalan Ampang in Kuala Lumpur’s Golden Triangle.
The launch follows the bank’s move into the building on Aug 1 last year, marking its first relocation to its first-owned headquarters since the bank’s inception. The move represents more than a change of address, symbolising Alliance Bank’s growth, sustainability ambitions and future-forward transformation under its Acceler8 2027 strategy, the bank said in a statement.
The building is on track to achieve both the BCA Green Mark (Gold) certification for the base building and Leadership in Energy and Environmental Design (LEED) certification for its fit-out works this year, said Alliance Bank, one of the smallest lenders in the country.
Alliance Bank in 2023 announced the acquisition of the 24-storey office suite along Jalan Ampang, developed by a subsidiary of Oxley Holdings Ltd, for RM405.84 million. Its previous headquarters was located at Menara Multi-Purpose on Jalan Munshi Abdullah, where it occupied about 20 floors.
The bank’s move follows a growing list of Malaysian banks that have relocated their headquarters to new buildings, including Bank Islam Malaysia Bhd (KL:BIMB), which moved to Menara Bank Islam on Jalan Perak; CIMB Group Holdings Bhd (KL:CIMB), which relocated to Menara CIMB in KL Sentral; and Hong Leong Bank Bhd (KL:HLBANK), which moved to Menara Hong Leong in Damansara City.
Alliance Bank group chief executive officer Kellee Kam said the new headquarters was designed as a unified and collaborative space where its team can work seamlessly across functions, spark new ideas and deliver better outcomes for customers.
“It is also a platform for us to accelerate our digital transformation, deepen partnerships with Malaysian businesses and continue contributing meaningfully to the nation’s economic development,” he said at the launch on Monday.
“As we look ahead, our focus remains firmly on creating long-term value for our customers, our people and the communities we serve. It’s more than just a move — it’s a manifestation of our brand promise. We are entering a new phase of growth anchored on innovation, sustainability, talent development and customer centricity,” he added.
“The Bank for Life cannot simply exist as a tagline. The new Menara Alliance Bank truly represents our values and belief system to be a bank for all Malaysians, right here in the heart of the capital. It stands as a symbol of our ambition to be a modern, purpose-driven bank that stays close to its people and its values,” Kam said.
Shares of Alliance Bank were down seven sen or 1.3% at RM5.33 at the time of writing on Monday, valuing the bank at RM9.2 billion.
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