HSBC Launches Access Investment Platform for Singapore UHNW Clients

Product / TechManagement
โดย Private Banker International·SG·Read original
Summary · why it matters

HSBC Private Bank has introduced HSBC Access in Singapore, opening institutional-style investment options to ultra-high net worth individuals and family offices. Singapore is the second location for the offering after Hong Kong. Through the platform, qualifying clients can take part in opportunities linked to high-growth innovation businesses and receive research and information drawn from the bank's corporate, trade and innovation banking divisions. Available options include venture capital funds, private market products and direct investments, areas that had previously been limited to institutional investors. HSBC South Asia private bank head Tommy Leung said HSBC Access gives clients a direct route into private investment opportunities sourced from across the bank's corporate and innovation banking network, alongside wealth planning and succession advice. Last month, HSBC Private Bank made several senior hires across teams serving India, Singapore and China-related business, appointing Harjeet Singh as senior desk head for Global India in Singapore, Lay Hong Tan to lead the Singapore market desk, and Jay See as desk head for the Offshore China Market in Singapore. Bloomberg separately reported last month that HSBC was weighing a restructuring of its Singapore operations that would bring its wholesale, retail and private banking businesses together within a single structure, and the bank is also planning a global AI centre in Singapore with recruitment of more than 100 AI specialists.

Impact on stocks 1

Financials · 1 stocks
HSBC Holdings PLC
HSBA
▲ PositiveDemandrelevance

HSBC launches HSBC Access in Singapore, opening institutional-style private-market and venture investment options to UHNW clients, expanding its product offering.

Off-coverage companies 2

HSBC Private BankPrivate▲ Positive
Demandrelevance

HSBC Private Bank introduces HSBC Access in Singapore, giving its UHNW and family-office clients direct access to private investment opportunities.

Bloomberg L.P.Private± Mixed
relevance