HSBC to Drastically Boost Surveillance in New London HQ

HSBC is preparing to implement a substantial upgrade to its security infrastructure as it transitions to its new London headquarters in 2027. Internal documentation reviewed by Reuters outlines a proposed “global security strategy” that would dramatically expand surveillance measures across the new site.

The strategy includes the installation of approximately 1,754 closed-circuit television (CCTV) cameras—more than quadruple the number currently deployed at the bank’s existing Canary Wharf location. In addition, biometric access points are set to increase to 779, doubling the current count. These systems will incorporate handprint recognition technology to regulate entry into high-security zones.

This initiative coincides with ongoing tensions between employers and staff regarding hybrid work arrangements. HSBC, recognized as Europe’s largest bank by assets, is actively reducing its global office footprint by over 40%. The forthcoming headquarters, situated near St Paul’s Cathedral, will occupy roughly half the space of its current office, meaning the enhanced security measures will be concentrated within a more compact environment.

A spokesperson for the bank emphasized that safeguarding employees and visitors remains a core priority, and that continuous investment in advanced technologies is central to that commitment. Nonetheless, a source familiar with the matter indicated that the details presented in a May briefing are outdated and may be revised.

The internal records also cited previous “theft incidents” at the Canary Wharf site as a key driver behind the intensified surveillance plans, particularly on operational floors. The upgraded system is expected to incorporate artificial intelligence to monitor and interpret footage, including from cameras positioned at the entrances and exits of trading areas.