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

Published July 28, 2026 at 11:02 PM UTC

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Key Points

HSBC plans to establish a Global AI Centre of Excellence in Singapore by the second half of 2026.
The centre will focus on enhancing customer wealth journey conversations, introducing agentic treasury solutions, and developing AI-enabled digital payments.
Over 100 AI specialists will be hired to work alongside HSBC's Chief AI Officer and teams in wealth management and global payments solutions.
HSBC also plans to hire 100 new wealth relationship managers over the next two years to strengthen relationships with affluent and ultra-high-net-worth customers.

Background History

HSBC is a global banking and financial services organization headquartered in London, operating in 56 countries and territories. The bank has been investing in technology and innovation to enhance customer experiences and streamline operations. In 2025, HSBC launched its Quantum Centre of Excellence in Singapore, focusing on quantum computing applications in financial services. The establishment of the Global AI Centre of Excellence in Singapore aligns with HSBC's broader strategy to integrate advanced technologies into its services and operations.

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.

Sources Behind This Story

HSBC Singapore HSBC to launchGlobal AI Centre of Excellencein Singaporeandhire new rolesinthe country Details about HSBC's plans to establish the Global AI Centre of Excellence in Singapore, including the focus areas and hiring plans.
HSBC Holdings plc HSBC to establish Global AI Centre of Excellence in Singapore Information on HSBC's initiative to set up the Global AI Centre of Excellence in Singapore and its objectives.
The Business Times Wanted: 100 AI specialists, 100 wealth relationship managers at HSBC Singapore Details on HSBC's recruitment plans for AI specialists and wealth relationship managers in Singapore.