“Entrepreneurs are at the heart of Singapore’s economy and its rise as a hub for innovation and capital for the Asean region. Currently, close to two-thirds of our global private banking clients in Singapore are entrepreneurs,” says Tommy Leung, head of private bank, South Asia, HSBC.
HSBC has launched an enhanced entrepreneurial wealth proposition in Singapore, targeting a growing pool of founders and business owners diversifying internationally amid geopolitical uncertainty and a rebound in capital markets. The bank is positioning the city-state as a hub where entrepreneurs can manage both business and personal wealth needs, spanning financing and dealmaking through to pre-IPO planning, liquidity management and succession.
The push comes as Singapore becomes increasingly attractive to entrepreneurial migration. HSBC’s Global Entrepreneurial Wealth Report 2025 found Singapore ranks top among the world’s most attractive hubs for entrepreneurs, with 15% planning to move their wealth there and 12% exploring personal relocation. HSBC says the shift underscores confidence in Singapore’s “stability, connectivity and innovation ecosystem”.
