UBS Asia Pacific chief Iqbal Khan says AI will free capacity and boost productivity but could 'profoundly' hit costs and jobs if the industry cannot convert capacity into client growth; Standard Chartered CEO Wen Tuosi warned tech focus may prompt layoffs after 'low-value human capital' remark; Goldman president/COO John Waldron said legacy business is ripe for automation.

2026-05-27

UBS Asia Pacific chief Iqbal Khan says AI will free capacity and boost productivity but could 'profoundly' hit costs and jobs if the industry cannot convert capacity into client growth; Standard Chartered CEO Wen Tuosi warned tech focus may prompt layoffs after 'low-value human capital' remark; Goldman president/COO John Waldron said legacy business is ripe for automation.