HSBC Private Bank launches proposition to connect UHNW clients with ‘innovation economy’

HSBC Private Bank has launched a proposition designed to provide ultra high net worth (UHNW) and family office clients with access to institutional-grade solutions, exclusive investment opportunities, and specialist insights.

HSBC Access will enable eligible clients to invest in selected technology and start-up companies served by HSBC Innovation Banking.

It offers a range of investment opportunities, including direct investments, co-investments, private market opportunities and venture capital funds.

Some of these investments were previously only available to institutional clients.

These opportunities are sourced from HSBC’s Corporate and Institutional Banking and Innovation Banking businesses, and are managed and distributed through HSBC’s UHNW Solutions Group.

HSBC Access also provides insights from across the bank’s Corporate, Trade, and Innovation Banking businesses, and facilitates introductions to individuals and businesses.

The proposition will be initially rolled out in Hong Kong before being launched in more markets.

“Our UHNW and family office clients want to be closer to the companies, founders and opportunities shaping the innovation economy,” said HSBC Private Bank CEO, Ida Liu.

“HSBC Access gives them a direct route to selected private investment opportunities, backed by the insight, connections and full strength of HSBC’s global network.”

HSBC Corporate and Institutional Banking head of banking, Asia and Middle East, Jo Miyake, added: “HSBC Access is an important step in supporting business owners and the innovation ecosystem to expand and grow.

“It will help widen the pool of long-term, informed capital available to entrepreneurs and high-growth companies, while bringing additional expertise and connections to help innovative businesses scale and accelerate progress.”

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