HSBC Private Bank has launched HSBC Access to connect ultra-high net worth and family office clients with the innovation economy.
HSBC Access offers a range of investment opportunities, including direct investments, co-investments, private markets and venture capital funds.
Through the new proposition, eligible clients can invest in selected technology and start-up companies served by HSBC Innovation Banking.
HNWIs spread across multiple wealth management firms, Capgemini finds
Ida Liu, chief executive of HSBC Private Bank, said: “Our UHNW and family office clients want to be closer to the companies, founders and opportunities shaping the innovation economy.
“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.”
The investment opportunities are sourced from HSBC’s Corporate and Institutional Banking and Innovation Banking businesses. They are managed and distributed through HSBC’s UHNW Solutions Group.
Through HSBC Access, clients can have introductions to individuals and businesses, such as founders of technology start-ups.
Jo Miyake, head of banking for Asia and the Middle East at HSBC Corporate and Institutional Banking, said: “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.”
Following its initial launch in Hong Kong, HSBC Access will now be launched in more markets around the world.
hereward.mills@ft.com