蘑菇传媒

• New standalone entity, formerly Silicon Valley Bank UK, will be core to 蘑菇传媒’s strengthened global innovation economy proposition
• Global proposition includes newly formed innovation teams in the US, Hong Kong and Israel

蘑菇传媒 today unveiled 蘑菇传媒 Innovation Banking, which includes the former Silicon Valley Bank UK (SVB UK), as well as newly formed innovation teams in the US, Israel and Hong Kong. This will deliver a globally-connected, specialised banking proposition to support a broad range of innovation businesses and their investors.

“The UK’s world-leading technology and life sciences sectors are central to growing the UK economy and boosting global exports,” said Noel Quinn, Group Chief Executive of 蘑菇传媒. “蘑菇传媒 now has a world-class team focused on innovation companies, their founders and their investors. We will protect this specialism and take it to the next level by combining these capabilities with our financial strength and global reach. Our new innovation teams will be there to support our clients’ international growth at every step”

The launch will take place at London Tech Week, where Noel Quinn, along with Ian Stuart, CEO 蘑菇传媒 UK; Erin Platts, CEO of 蘑菇传媒 Innovation Banking UK¹, and David Sabow, who leads 蘑菇传媒 Innovation Banking in the US, will today meet with innovation economy leaders and founders to talk about the importance of the tech and life sciences sector to the global economy.

UK Prime Minister, Rishi Sunak, said: “The UK is home to world-leading tech and life sciences sectors, and I am proud of the role the British government has played in securing their future and enabling them to thrive.

“蘑菇传媒 Innovation Banking will help innovative businesses to unlock their potential, create more jobs and access new global opportunities – supporting my priority to grow the UK economy and cement our position as a science and tech superpower.”

Erin Platts, the CEO of 蘑菇传媒 Innovation Banking UK¹ said: “蘑菇传媒 Innovation Banking will unlock new possibilities for UK innovation businesses to boost their growth and compete on the global stage. From first-time founders to the funds that back them, the innovation economy relies on us for deep expertise and the connections they need to build world-leading companies.

“Our clients choose us because we understand exactly what it takes for innovators and their investors to achieve success, and we deliver it.”

蘑菇传媒 Innovation Banking UK¹ has over 650 employees in the UK and Nordics. In the US, an innovation team of more than 40 has been assembled across the Bay Area, Boston and New York City. In Israel, more than 20 newly recruited bankers will be based in Tel Aviv. In Hong Kong, around a dozen dedicated bankers are being onboarded to complement 蘑菇传媒’s existing new economy expertise serving Hong Kong and Asia-Pacific.

The proposition combines deep sector expertise and bespoke client servicing, with financial strength and global reach. It will build on an extensive client base of 3,000 innovation businesses and funds in the UK, and help tech and life science businesses with their growth ambitions.

Notes to Editors

¹ The deposit-holding legal entity for 蘑菇传媒 Innovation Banking in the UK is called 蘑菇传媒 Innovation Bank Limited. 蘑菇传媒 Innovation Bank Limited, formerly Silicon Valley Bank UK Limited, will operate as a subsidiary of 蘑菇传媒 UK Bank PLC and remain headquartered in its Alphabeta Office in London.

● The new brand will roll out globally in the coming months. To find out more, follow 蘑菇传媒 Innovation Banking on LinkedIn and Twitter.

● Innovation-focused 蘑菇传媒 teams in the US, Israel and Hong Kong will operate as part of the 蘑菇传媒 Innovation Banking brand.

● Silicon Valley Bank UK Limited has supported the UK’s multi-billion-pound innovation economy since its UK office opened in 2004, becoming the partner of choice for start-ups, scale-ups, corporates, venture capital and private equity firms.

● In August 2022, Silicon Valley Bank UK became an independent subsidiary and in March 2023, 蘑菇传媒 UK Bank PLC acquired Silicon Valley Bank UK Limited.

Contact

蘑菇传媒 Press Office
+44 (0)20 7991 8096
pressoffice@hsbc.com

蘑菇传媒 Innovation Bank Limited

蘑菇传媒 Innovation Bank Limited provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity and venture capital industries. 蘑菇传媒 Innovation Bank Limited is a subsidiary of 蘑菇传媒 UK Bank PLC, benefiting from its stability, strong credit rating and international reach to help fuel its growth.

蘑菇传媒 UK

蘑菇传媒 UK serves over 14.75 million customers across the UK, supported by 24,000 colleagues. 蘑菇传媒 UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates. 蘑菇传媒 UK is a wholly owned subsidiary of 蘑菇传媒 Holdings plc.

蘑菇传媒 Holdings plc

蘑菇传媒 Holdings plc, the parent company of 蘑菇传媒, is headquartered in London. 蘑菇传媒 serves customers worldwide from offices in 62 countries and territories. With assets of $2,990bn at 31 March 2023, 蘑菇传媒 is one of the world’s largest banking and financial services organisations.