NEW YORK : HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a senior executive said.
In the first quarter of 2023, global VC investment was well under $60 billion, down from a peak of over $200 billion in the first quarter of 2022, a KPMG report said. HSBC hired 42 bankers from Silicon Valley Bank, which collapsed in March, said Roberts. An HSBC team of 10 bankers which focused on late stage lending also joined the team of former SVB bankers.
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