{"id":48881,"date":"2026-05-26T09:23:43","date_gmt":"2026-05-26T09:23:43","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/48881\/"},"modified":"2026-05-26T09:23:43","modified_gmt":"2026-05-26T09:23:43","slug":"hsbc-names-first-head-of-ai-amid-sweeping-restructure","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/48881\/","title":{"rendered":"HSBC names first head of AI amid sweeping restructure"},"content":{"rendered":"

HSBC has appointed its first head of AI to drive the adoption of the technology across the bank, as chief executive Georges Elhedery continues its sweeping restructuring.<\/p>\n

David Rice, currently chief operating officer for the bank\u2019s corporate and institutional banking business, will become HSBC\u2019s first chief AI officer in April.<\/p>\n

\u201cOur customers increasingly expect their bank to deliver services uniquely aligned to their specific needs, and fast. That\u2019s why we\u2019re building a bank that is designed for the future. AI plays a key role in how we get there,\u201d Elhedery said in a statement on Monday.<\/p>\n

HSBC\u2019s new appointment comes during the bank\u2019s widespread restructuring<\/a>, as the lender pushes forward with its plan to cut staff and close business units, reinvesting money into high-growth areas.\u00a0<\/p>\n

\"A<\/p>\n

David Rice, HSBC\u2019s new head of AI\u00a9 HSBC<\/p>\n

The bank expects to deliver $1.5bn in subsequent cost savings six months ahead of schedule, with the savings expected to be realised in the first half of this year.<\/p>\n

HSBC said last year it would reduce global staff costs by 8 per cent, with senior managers and those in the newly merged wholesale corporate and institutional arm particularly vulnerable to redundancy.\u00a0<\/p>\n

Plans to expand in Asia also left the bank\u2019s UK head office potentially at higher risk of staff cuts. Rice, however, will continue to be based in London.<\/p>\n

The new role comes as part of a wider focus on deploying the technology at scale across the bank by making generative AI<\/a> available to all staff and equipping customer-facing employees with the AI tools needed to offer more personalised services, said Elhedery.<\/p>\n

Alongside Rice\u2019s appointment, HSBC also announced plans to expand the remit of its chief technology officer to strengthen the bank\u2019s technology foundations and deploy AI at scale.\u00a0<\/p>\n

This includes modernising core platforms, building a central AI platform for employees and developing strategic partnerships.<\/p>\n

The announcement comes as other banks scale their AI executive suite, with NatWest<\/a> appointing its first head of AI research in June after Lloyds appointed its first head of AI and advanced analytics<\/a> a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"HSBC has appointed its first head of AI to drive the adoption of the technology across the bank,…\n","protected":false},"author":2,"featured_media":48882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[24561,9881,24562],"class_list":["post-48881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-emerging-technologies","tag-hsbc","tag-transformation-strategies"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116640153955620951","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/48881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=48881"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/48881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/48882"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=48881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=48881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=48881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}