Denise Wee

Oversea-Chinese Banking Corp. plans to expand its wealth-management staff in Hong Kong by 30% this year in response to growing clients’ demand for investments and financing.

Standard Chartered Plc said it would cut its corporate functions roles by more than 15% as it set new return targets over the next four years.

Die britische Großbank Standard Chartered hat angekündigt, in den kommenden vier Jahren Tausende Stellen im Supportbereich abzubauen und damit wie andere globale Banken zur Reduzierung von Personal verstärkt auf künstliche Intelligenz zu setzen.

Standard Chartered Plc plans to eliminate close to 8,000 support roles over the next four years, one of the first global lenders to set out how it expects artificial intelligence to trim headcount.

One of the first global lenders to set out how it expects artificial intelligence to trim headcount. By Ambereen Choudhury, Denise Wee and Kiuyan Wong, Bloomberg

HSBC Holdings Plc Chief Executive Officer Georges Elhedery warned that artificial intelligence will “destroy” certain roles while creating others, urging employees to adapt rather than resist the technological shift.

Standard Chartered Plc Chief Executive Officer Bill Winters sought to reassure staff after his remarks on using artificial intelligence to replace “lower-value human capital” triggered a sharp backlash on social media and from a former head of state.

Standard-Chartered-Chef Bill Winters hat versucht, Mitarbeiter zu beruhigen, nachdem seine Aussagen über den Einsatz künstlicher Intelligenz zum Ersatz von “Humankapital mit geringerem Wert” heftige Reaktionen in sozialen Medien und von einer früheren Staatschefin ausgelöst hatten.

Laut UBS-Topmanager Iqbal Khan wird Künstliche Intelligenz für mehr Effizienz und freie Kapazitäten sorgen, aber auch Auswirkungen auf Jobs haben.

Private banks are postponing events in China and discouraging staff travel following an unprecedented regulatory crackdown on cross-border investment flows, as scrutiny intensifies from regulators in both Beijing and Hong Kong.