The new identity will be announced next month during London Tech Week.
No changes to SVBUK's executive leadership are planned, with Erin Platts remaining as CEO and independent chairman Darren Pope expected to stay in place.
HSBC paid nearly £20M in bonuses to SVBUK staff in March as a signal of its confidence in the talent base at the subsidiary.
SVBUK has been profitable but was close to collapse due to the troubles of its American parent company.
LONDON DAILY ARCHIVE
HSBC Rebrands Rescued UK Tech Bank as Innovation Banking
HSBC is rebranding the UK technology-focused bank it rescued, Silicon Valley Bank UK (SVBUK), as HSBC Innovation Banking.
29 May 2023 · 23:13 UTC
