Innovation Banking
When a group of former executives from Silicon Valley Bank joined HSBC in 2023, they became the core of an innovation banking team catering to startups and venture-backed enterprises.
The team started without any clients. But they had the backing of an international bank and a newfound appreciation for what it takes to get a business off the ground.
"We all took a massive leap of faith coming off of a period of incredible disruption professionally, but also personally," said Katherine Andersen, U.S. head of life science and healthcare banking at HSBC. She held a similar role at SVB before its collapse. "I have much more appreciation and perspective, let's say, in serving the innovation ecosystem—what it is to build and launch and scale a startup."