HSBC North America Holdings plans to move its primary and backup data centers in Amherst and Buffalo New York to Chicago over the next two years, abandoning significant technology investments it has made locally over the past few years.
The subsidiary of London-based banking giant HSBC Holdings Plc will move a few jobs and “its data center functionality” to Illinois, although the company was not specific about exactly what that means.
The change is the latest move by HSBC to shift operations or staff out of Buffalo. Although the bank still employs about 6,000 in Western New York, it has previously moved its legal headquarters to Delaware and its many of its top Buffalo -based executives to either New York City or Chicago.
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