Core Insights - HSBC Private Bank has launched Wealth Intelligence, a generative AI-powered ecosystem designed to assist client-facing staff, investment counsellors, and product specialists [1] - The platform utilizes OpenAI's Large Language Model and analyzes over 10,000 data sources to provide insights [1] Development and Testing - Wealth Intelligence has been in development for over a year, focusing on serial testing and continual adjustments before its launch [2] - The development team employs defined testing measures to evaluate user experience, including response quality, accuracy, and information completeness [3] Client Benefits - Wealth Intelligence enhances the ability of wealth management teams to provide market insights and personalized investment strategies more efficiently and accurately [4] - The initial launch in Hong Kong and Singapore targets regions with rapidly growing concentrations of private banking clients and wealth management talent [4] Future Rollout and Development - The global rollout of Wealth Intelligence is planned to progress to more markets by 2026 [5] - Future capabilities will include screening and identifying suitable products for investment discussions, with enhancements in data visualization and comparison tools [6] Productivity and Quality Improvements - The platform aims to increase productivity through faster content retrieval and summarization, saving time on searching and reading [7] - It enhances response quality by delivering more consistent advice with quicker turnaround times on investment queries [7] - Wealth Intelligence provides a single platform for all staff users to access the most up-to-date data [7]

HSBC has named Victor Matarranz as head of International Wealth and Premier Banking (IWPB) for the Americas and Europe, with the role starting on 1 October 2025. Matarranz moves from Banco Santander, where he spent 13 years in senior posts in Madrid and London, most recently as Global CEO of Wealth Management and Insurance. In that capacity he had responsibility for private banking, insurance and asset management in markets largely across the Americas and Europe and led strategic and M&A initiatives as g ...

Core Insights - HSBC Private Bank has launched a new AI-powered platform named Wealth Intelligence aimed at enhancing client interactions and providing tailored investment advice [1][2] - The platform processes proprietary research and external news from over 10,000 sources, addressing the growing demand for timely and personalized investment insights [2][3] - The initial rollout of Wealth Intelligence has taken place in Hong Kong and Singapore, with plans for expansion into additional markets [4] Technology and Features - Wealth Intelligence utilizes a large language model from OpenAI to assist investment advisors and product experts in market analysis [1] - The platform will eventually include a screening feature to flag investment products for wealth management teams, facilitating discussions on asset allocation [4] - HSBC aims to enhance client experience through AI, transforming workflows and enabling better data-driven decision-making for clients [5] Strategic Initiatives - The introduction of Wealth Intelligence aligns with HSBC's strategic focus on AI adoption to improve client services at scale [4] - The bank has also established a dedicated Wealth Centre in London, further emphasizing its commitment to premier and private banking clients [5]