Another 2,017 will be created leaving a net reduction of 1,149 jobs, while financial advisors will receive extra training to manage relationships with customers.
Customers with more than £50,000 at the bank are offered financial advice through HSBC’s premium service. Traditionally the clients have both a relationship manager and a financial advisor.
Now, they will only have one point of contact – the financial advisor, who will cover both roles.
“I understand change is always unsettling, particularly for those directly affected,” said bank chief Brian Robertson.
“We are doing everything possible to offer impacted employees opportunities from the many newly created roles.”