- HSBC launches enhanced wealth services, focusing on entrepreneurs in Singapore.
- Offering includes succession planning, pre-exit strategies, and a global industry network.
- Innovation exchange connects clients with startups, fostering collaboration across Asia.
HSBC announced the launch of an “enhanced entrepreneurial wealth proposition” in Singapore, focusing on offering dedicated support for entrepreneurs.This is based on the lender’s Global Entrepreneurial Wealth Report 2025 published in September, where 15 percent of entrepreneurs identified Singapore as the leading location for their wealth.
Twelve percent of respondents also ranked the Republic as the top choice for personal relocation. Close to 50% of the surveyed entrepreneurs in Singapore indicated they were worried about structuring a business transfer or succession plan, with 43% mentioning family discussions as a difficulty.
In a press announcement, the financial institution stated that the new offering merges its strengths in global private banking and corporate banking. The proposal features private wealth entrepreneur incubation aimed at current corporate clients who have not yet engaged with the private bank. HSBC stated it will provide initial access to customized wealth planning, investment events, and a worldwide network of industry specialists.
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“Currently, close to two-thirds of our global private banking clients in Singapore are entrepreneurs,” said Tommy Leung, HSBC’s head of global private banking.
Founders will also have access to educational and advisory sessions to assist them with pre-exit strategies, initial public offerings, and succession planning. Moreover, HSBC plans to establish an innovation exchange – already initiated in Hong Kong and the UK – to link private banking clients with innovative entrepreneurs and startups throughout Asia.
HSBC’s service comes in line with recent actions taken by other banks in Singapore. Citi Private Bank includes entrepreneurs in its clientele of high-net-worth and ultra-high-net-worth individuals. UBS provides solutions for entrepreneurs and executives, while DBS Private Bank delivers advisory services focused on strategic, family-office, and business needs.