From the ashes of SVB UK, HSBC launches Innovation Banking
Following the acquisition of the UK operations of Silicon Valley Bank by HSBC earlier this year, the banking giant has launched HSBC Innovation Banking.The new standalone entity will be core to the bank’s global innovation economy proposition, with the launch announced by HSBC at the start of London Tech Week on June 12. HSBC Innovation Banking includes the former Silicon Valley Bank UK (SVB UK), as well as newly formed innovation teams in the US, Israel and Hong Kong. Former SVB UK CEO Erin Platts (pictured) will remain as CEO...