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According to a report from the South China Morning Post, several major financial institutions have announced new executive roles focused on artificial intelligence. Manulife, HSBC Holdings, and Barclays are among the firms aligning with a governmental strategy to encourage technological adoption in banking.
Manulife recently moved its chief AI officer for Asia to Hong Kong and established a new position for a chief AI and data officer for its Hong Kong and Macau operations, filling it earlier in March. Separately, HSBC Holdings created its inaugural chief AI officer role, with an appointment effective at the start of April.
These appointments indicate an increased focus on AI adoption by large financial players. The activity follows the launch of a government strategy in the annual budget aimed at promoting AI applications within the banking sector and broader societal understanding of the technology. A Manulife executive stated the moves support the company’s goal to become an AI-powered organization and strengthen Hong Kong’s position as a center for AI innovation.
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