HSBC Innovation Banking officially launched its operations in Singapore on 29 October, marking a significant step in its global expansion. As part of the launch, the bank unveiled a dedicated US$1.5 billion funding pool to support high-growth innovation companies in Singapore and the broader region.

The new initiative is designed to provide enhanced support for venture-backed firms and their investors, offering sector-specific expertise, tailored financial solutions, and access to global connectivity. This move underscores HSBC’s commitment to strengthening its backing for innovation and growth across the region.

Neil Falconer has been appointed to lead HSBC Innovation Banking’s Singapore operations. Additionally, the bank announced the establishment of a dedicated credit solutions team, headed by Shaun Sakhrani, to cater to clients across various sectors including consumer, healthcare, technology, media and telecom, and the mid-market segment.

The launch positions HSBC Innovation Banking to be a key player in Singapore’s vibrant innovation and technology sectors, providing essential financial resources to fuel growth and development.