The appointments follow the recent addition of an artificial intelligence (AI) and robotics expert from State Street last month.
A UBS survey showed 87% of participants from banks with assets of $250 billion and above believe technology spending will increase annually over the next three years.
BNY Mellon has already made some progress in implementing robotics and machine learning to its asset servicing business.
Deutsche Bank is looking to further develop its digital capabilities, following the go-live of its chatbot Debbie last year.
Hedge fund administration has been cited as the perfect testing ground for new technologies, such as artificial intelligence and natural language processing.
HSBC believes custodians and securities services firms will align closer with FinTechs as the speed of technological change increases.
Buy-side and sell-side are challenged with implementing real technological solutions as constant innovations continue to flood the market.
The bank has already automated 40 processes through RPA for its securities services business, and is looking to deploy AI in a number of client-facing areas.