Bond.az -- HSBC CEO Georges Elhedery said Wednesday that artificial intelligence will eliminate some jobs in finance while creating new ones, urging employees to adapt.
Speaking at an investor day, Elhedery emphasized that workers should embrace AI-driven change rather than resist it.
The comments come a day after rival Standard Chartered announced plans to cut thousands of jobs by 2030 in favor of AI automation.
HSBC appointed David Rice as its first chief AI officer in March, highlighting AI as central to boosting shareholder returns through automation and streamlining.
Elhedery noted the bank is deploying AI across functions to simplify operations and personalize customer content.
