HSBC Private Bank axes 30 jobs in the UK

Pedro Gonçalves
clock • 1 min read

About 30 jobs are set to go at HSBC Private Bank as the bank cuts front-office positions, including relationship managers and investment counsellors in the UK. The redundancies, first reported by Wealth Manager and confirmed by II, were announced to staff in September. The move is part of HSBC's global cost-cutting restructuring plan which includes axing thousands of jobs across the globe. In June, the UK's largest bank said it would push ahead with its plan to cut 35,000 jobs from a global workforce of 235,000 as part of a major restructuring announced in February. The job cuts h...

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