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المشهد العربي
AI prompts downsizing in wealth management
The Financial Times reported that HSBC plans to significantly reduce its wealth management staff in the UK, including reducing financial advisors and specialized personnel, as part of a move to enhance AI integration. The bank is expected to cut about half of its managerial and specialized roles, with approximately a 70% reduction in financial advisors. While the exact number of employees has not been disclosed, it is believed that the bank employs hundreds of relationship managers in the country.
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