HSBC to cut UK wealth roles, financial advisers down ~70%: FT (HSBC:NYSE)
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HSBC is preparing for major job cuts in its UK wealth management business. The bank would eliminate around 70 percent of financial advisors and around half of management and specialist positions, while shifting operations towards artificial intelligence-based customer service, the Financial Times reported. Similar topics will be discussed at the Portfolio Banking Technology conference on November 10. Register and get details here!
The British-Hong Kong banking group HSBC plans "deep, large-scale, and violent" cuts in its British unit within the framework of a broad ... 07.10.2026, PRIM
British bank HSBC is planning major job cuts in its UK wealth management business. The bank is expected to drastically reduce the number of financial advisors and other specialists as part of a push to use AI to serve wealthy clients, the Financial Times reported, citing people familiar with the plans.
These are jobs in its wealth management activity in Britain.
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