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HSBC reportedly plans big job reductions in its UK wealth management division, slashing the ranks of financial advisers and other specialists as it uses AI to serve its wealthy clients.
Half the business’s management and specialist roles are expected to go, along with 70% of financial advisers, the Financial Times reported, citing anonymous sources.
HSBC UK is a long-established, leading UK wealth manager and premium banking provider. We’re continuing to evolve to deliver more digitally enabled products and journeys to support our best-in-class wealth service and meet the changing needs of our customers.
help manage AI’s substantial perils, which including large-scale labour market fallout, serious cyber and stability risks and frontier models threatening to escape human control and run amok.
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