HSBC Holdings PLCHSBC is hiring over 100 AI specialists and opening an AI centre to accelerate AI adoption in wealth management and payments.
British banking giant HSBC will hire over 100 artificial intelligence specialists and 100 wealth managers in Singapore. The move is part of expanding high-fee-income businesses and accelerating AI adoption, aligned with a new AI centre set to open in Singapore in the second half of 2026. The centre will focus on personalising client wealth management conversations, introducing autonomous agent-based fund management solutions, and expanding AI-powered digital payments. Hiring will span natural language processing, data science, AI governance, and human-centred design, with plans to add 100 relationship managers to strengthen local wealth management operations. Meanwhile, HSBC agreed last week to sell its life and health insurance business in Singapore to Germany's Allianz for 2.7 billion Singapore dollars as part of streamlining non-core operations.
HSBC Holdings PLCHSBC is hiring over 100 AI specialists and opening an AI centre to accelerate AI adoption in wealth management and payments.
Allianz SE VNA O.N.Allianz agreed to buy HSBC's Singapore life and health insurance business for S$2.7 billion, expanding its presence.
Allianz SEAllianz agreed to buy HSBC's Singapore life and health insurance business for S$2.7 billion, expanding its presence.