HSBC Launches HSBC Innovation Banking in Singapore to Support Innovation & Venture Ecosystem in Singapore & Region & Allocates $1.5 Billion Funding for High-Growth Innovation Companies, HSBC Head of Consumer, TMT & New Economy Coverage Neil Falconer Takes on Additional Role as Head of Innovation Banking Singapore, Newly Formed Credit Solutions Team Led by Shaun Sakhrani (Head of Credit Solutions, Singapore & Asia Head of Platform Lending) Will Provide Financing Structures Including Venture Debt & Platform Finance, HSBC Innovation Banking Launched in 2023 & Has Presence in United States, United Kingdom, Australia, New Zealand, Israel, Continental Europe, India, Hong Kong, China Mainland & Singapore

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HSBC Launches HSBC Innovation Banking in Singapore to Support Innovation & Venture Ecosystem in Singapore & Region & Allocates $1.5 Billion Funding for High-Growth Innovation Companies, HSBC Head of Consumer, TMT & New Economy Coverage Neil Falconer Takes on Additional Role as Head of Innovation Banking Singapore, Newly Formed Credit Solutions Team Led by Shaun Sakhrani (Head of Credit Solutions, Singapore & Asia Head of Platform Lending) Will Provide Financing Structures Including Venture Debt & Platform Finance, HSBC Innovation Banking Launched in 2023 & Has Presence in United States, United Kingdom, Australia, New Zealand, Israel, Continental Europe, India, Hong Kong, China Mainland & Singapore

1st November | Hong Kong

HSBC has launched HSBC Innovation Banking in Singapore to support innovation & venture ecosystem in Singapore & the region, and allocates $1.5 billion funding for high-growth innovation companies.  HSBC Head of Consumer, TMT & New Economy Coverage Neil Falconer is appointed to take on additional role as Head of Innovation Banking Singapore.  Newly formed Credit Solutions team led by Shaun Sakhrani (Head of Credit Solutions, Singapore & Asia Head of Platform Lending) will provide financing structures including venture debt & platform finance.  HSBC Innovation Banking was launched in 2023. and has presence in United States, United Kingdom, Australia, New Zealand, Israel, Continental Europe, India, Hong Kong, China Mainland & Singapore.  David Sabow, Global Head of Innovation Banking: “Singapore is a nation of innovators. In just six decades it has built thriving industries and universities, fostered a pro-business environment and strengthened linkages to the world through trade, finance and digital connections. It’s a global innovation hub with a support system of sandboxes and accelerators and a natural home for next generation entrepreneurs powering growth across Asia and beyond. Today marks another milestone as we aim to create the largest dedicated global innovation banking business in the world. Since HSBC Innovation Banking was established in 2023, we have grown our client base by nearly 60% and now have more than 900 globally-connected innovation finance experts.”  Gilbert Ng, Head of Banking – Singapore, Corporate and Institutional Banking, HSBC: “Home to more than 4,000 start-ups and supported by a vibrant network of investors, accelerators, and incubators, Singapore is a top destination for the start-up ecosystem in Asia-Pacific. We have a market leading proposition in Singapore that offers the full suite of banking and funding solutions for new economy businesses. The launch of HSBC Innovation Banking and the allocation of US$1.5bn in capital demonstrates our continued commitment to supporting the growth of Singapore’s innovation economy.”

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“ HSBC Launches HSBC Innovation Banking in Singapore to Support Innovation & Venture Ecosystem in Singapore & Region & Allocates $1.5 Billion Funding for High-Growth Innovation Companies, HSBC Head of Consumer, TMT & New Economy Coverage Neil Falconer Takes on Additional Role as Head of Innovation Banking Singapore, Newly Formed Credit Solutions Team Led by Shaun Sakhrani (Head of Credit Solutions, Singapore & Asia Head of Platform Lending) Will Provide Financing Structures Including Venture Debt & Platform Finance, HSBC Innovation Banking Launched in 2023 & Has Presence in United States, United Kingdom, Australia, New Zealand, Israel, Continental Europe, India, Hong Kong, China Mainland & Singapore “

HSBC Launches HSBC Innovation Banking in Singapore to Support Innovation & Venture Ecosystem in Singapore & Region & Allocates $1.5 Billion Funding for High-Growth Innovation Companies, HSBC Head of Consumer, TMT & New Economy Coverage Neil Falconer Takes on Additional Role as Head of Innovation Banking Singapore, Newly Formed Credit Solutions Team Led by Shaun Sakhrani (Head of Credit Solutions, Singapore & Asia Head of Platform Lending) Will Provide Financing Structures Including Venture Debt & Platform Finance, HSBC Innovation Banking Launched in 2023 & Has Presence in United States, United Kingdom, Australia, New Zealand, Israel, Continental Europe, India, Hong Kong, China Mainland & Singapore

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