HSBC has launched Innovation Banking in Australia to support tech firms and scale-ups with specialised financing and global networks.

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HSBC has launched a dedicated innovation banking division in Australia targeting venture-backed companies, marking the first ...

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HSBC's Innovation Banking team has enjoyed rapid growth since its start following the collapse of Silicon Valley Bank in 2023.

HSBC Holdings Plc promoted David Sabow to lead the global expansion of its venture-banking business, after he led that team in the US and more than doubled headcount there in the past two years.

Competitors are offering more flexibility,” Sabow said. “Employees really don’t want to be in the office five days a week and have made that incredibly clear to their employers.

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