HSBC has launched a new type of banking service, called Innovation Banking. This includes the UK division of Silicon Valley Bank, plus new teams in America, Israel and Hong Kong.
This will give globally-connected banking services to innovative businesses and their investors.
Group Chief Executive of HSBC, Noel Quinn, said:
The UK’s world-leading technology and life sciences sectors are central to growing the UK economy and boosting global exports. HSBC now has a world-class team focused on innovation companies, their founders and their investors. We will protect this specialism and take it to the next level by combining these capabilities with our financial strength and global reach. Our new innovation teams will be there to support our clients’ international growth at every step.
HSBC Innovation Banking UK has over 650 people working in the UK and the Nordics. It has a team of over 40 people spread across the US in the Bay Area, Boston and New York City. Around 20 people have been hired in Tel Aviv, Israel. A dozen dedicated bankers have joined the team in Hong Kong to provide services to Hong Kong and Asia-Pacific.
Our company brings together expertise in the tech and life science industries, personalized customer service, financial power, and global outreach. We work with over three thousand companies and funds in the UK, helping them to reach their growth potential.
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