HSBC creates diploma-qualified advisor force in UK

April 23, 2013 | Last updated on April 23, 2013
1 min read

HSBC is planning to cut over 1,000 jobs in the UK, reports

The changes mean the role of commercial financial advisers under its commercial banking umbrella, as well as 942 relationship manager roles (staffed by employees who do not give financial advice) will no longer exist.

Instead, says, the bank will create a “diploma qualified adviser force” of 853 people. This encourages staff to obtain a diploma so they can offer financial advice.

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