HSBC to Establish Global AI Centre of Excellence in Singapore, Hiring Over 100 AI Specialists and Wealth Managers

HSBC has announced plans to establish a Global AI Centre of Excellence in Singapore by the second half of 2026. This initiative aims to develop artificial intelligence capabilities that can be scaled across the bank's global network. The centre will initially focus on enhancing customer wealth journey conversations, introducing agentic treasury solutions, and developing AI-enabled digital payments. To support this endeavour, HSBC plans to hire more than 100 AI specialists, who will work alongside David Rice, the bank's Chief AI Officer, and teams responsible for areas such as wealth management and global payments solutions. The centre also aims to build a talent pipeline across natural language processing, data science, AI governance, and human-centred design, collaborating with leading educational institutions and government bodies in Singapore. Additionally, HSBC intends to hire 100 new wealth relationship managers over the next two years to deepen relationships with affluent to ultra-high-net-worth customers. This expansion underscores Singapore's role as a key hub for HSBC's growth and leadership in Asia, reflecting the bank's confidence in the country's future as a leading wealth, trade, and innovation centre.