HSBC Hires 40 Former SVB Bankers to Create a US Startup Practice | In the News

HSBC has hired more than 40 former Silicon Valley Bank (SVB) employees to create its own practice focused on healthcare startups and venture capital funds in the US, hitting the gas on its entrance to a sector that experts say is challenging for banks.

Ronak Doshi, Partner at Everest Group specializing in digital transformation and banking, said in an interview in mid-March that startups want to bank with institutions that focus on specific industries, such as life sciences and healthcare.

Read more in American Banker.

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