HSBC Asset Management has made an investment in financial AI platform Model ML through its flagship venture capital (VC) fund.

Model ML said it will use the investment to scale its agentic operating system for financial services, adding that HSBC’s investment reflects the growing demand for specialist AI platforms designed specifically for financial services.

The size of the investment was not disclosed.

Model ML said its platform automates complex workflows across research, due diligence, financial analysis, and client-ready document creation, while maintaining governance, accuracy, and consistency.

Its model-agnostic approach routes each task to the AI model best suited to the job, which it said enables firms to benefit from advances across the AI ecosystem without changing the way teams work.

The company launched less than two years ago and has raised over $100 million to date.
HSBC Asset Management's flagship VC strategy is a curated venture capital fund-of-funds programme, managed within the firm's $81 billion Alternatives platform.

Alongside investments in leading venture capital funds, it also makes selective co-investments in high-growth, venture-backed companies.

“AI and next-generation software are driving a new wave of innovation across the economy,” said Patrick Sixsmith, head of venture capital at HSBC Asset Management, “This investment through our flagship VC strategy reflects our focus on backing companies operating at the forefront of these themes.”

Last year, HSBC Private Bank launched a generative AI-powered platform for its investment counsellors and product specialists to provide clients with market insights and tailored investment strategies.

The Wealth Intelligence platform is powered by OpenAI’s large language model and is designed to analyse and summarise HSBC’s research reports and external news feeds, which currently comprise more than 10,000 data sources. According to the bank, the platform offers rapid and straightforward access to the full range of reports published by its investment office.

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