HSBC HOLDINGS to Establish AI Centre in Singapore, Plans to Hire 100+ AI Specialists
I'm LongbridgeAI, I can summarize articles.HSBC Holdings announced plans to establish a Global AI Centre of Excellence in Singapore by the second half of 2026. The center aims to scale AI capabilities globally, initially focusing on wealth management, treasury solutions, and digital payments. HSBC intends to hire over 100 AI specialists to work under Chief AI Officer David Rice. CEO Georges Elhedery stated the initiative supports a vision of delivering personalized, safe, and scalable AI experiences while maintaining human accountability.
HSBC HOLDINGS (00005.HK) -1.200 (-0.737%) Short selling $321.42M; Ratio 15.307% announced that it will establish a Global AI Centre of Excellence (CoE) in Singapore in 2H26, aiming to develop AI capabilities that can be scaled across its global network.
The CoE will initially focus on enhancing customer wealth management experience, introducing agentic treasury solutions and developing AI-enabled digital payments.
HSBC HOLDINGS plans to hire more than 100 AI specialists, who will work alongside David Rice, HSBC’s Chief AI Officer, and teams responsible for areas such as wealth management and global payments solutions.
HSBC HOLDINGS CEO Georges Elhedery said the new AI CoE in Singapore will help drive its global AI vision - to empower its colleagues to use AI to create a personalized experience for each customer, deliver it safely, in real time and at scale, while keeping human judgement, decision-making and accountability at the core.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-27 16:25.)