HSBC today unveiled HSBC Innovation Banking at London Tech Week
IN BRIEF:
- This includes the former Silicon Valley Bank UK (SVB UK), as well as newly formed innovation teams in the US, Israel and Hong Kong
- HSBC leaders will meet with innovation economy leaders and founders to discuss the importance of the tech and life sciences sector to the global economy
- It will build on an extensive client base of 3,000 innovation businesses and funds in the UK
What does this mean?
“The UK’s world-leading technology and life sciences sectors are central to growing the UK economy and boosting global exports,” said Noel Quinn, Group Chief Executive of HSBC. “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”
