HSBC Access gives direct startup and VC access to the ultra wealthy

It will roll out in Hong Kong to start.

HSBC Private Bank has rolled out HSBC Access, enabling ultra-high net worth (UHNW) and family office clients the ability to invest directly in select technology and start-up companies.

The service, initially rolled out in Hong Kong, allows eligible clients to invest in technology and start-up companies served by HSBC Innovation Banking, a first for its Private Bank clients.

They are also offered direct investments, co-investments, and private market opportunities and venture capital funds, some of which are previously only available to institutional clients, HSBC said. These offers are sourced from HSBC’s Corporate and Institutional Banking and Innovation Banking businesses.

HSBC Access also provides Private Bank clients with specialist insights from across HSBC’s corporate, trade, and innovation banking businesses.

HSBC plans to launch HSBC Access to more markets around the world.