HSBC to Establish Global AI Centre in Singapore, Hiring Over 100 Experts

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HSBC announced plans to establish a Global AI Centre of Excellence in Singapore in the second half of 2026, with plans to hire over 100 AI experts. The experts will work with HSBC Chief AI Officer David Rice and teams responsible for wealth management and global payment solutions. Initially, the centre will focus on enhancing customer wealth management experiences, introducing intelligent treasury solutions, and developing AI-powered digital payments. CEO Georges Elhedery said the centre will enable employees to leverage AI to deliver personalized customer experiences at scale while maintaining human judgment and accountability.
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