HSBC Innovation Banking launches Singapore operations with $1.5b fund

Neil Falconer has been appointed to lead the Singapore arm of HSBC Innovation Banking.

HSBC Innovation Banking officially launched its Singapore operations on 29 October.

The launch included a dedicated US$1.5b funding pool to support high-growth innovation companies in Singapore and the surrounding region.

According to HSBC, the move aims to strengthen backing for venture-backed firms and their investors through sector-specific expertise, tailored financial solutions, and global connectivity.

Neil Falconer has been appointed to lead the Singapore arm of HSBC Innovation Banking.

The firm also announced a dedicated credit solutions team in the country, headed by Shaun Sakhrani, to serve clients across sectors such as consumer, healthcare, technology, media and telecom, and the mid-market segment.