Emily Turner, former Head of Business Development at Citi, is appointed as the new CEO of HSBC Innovation Banking, ushering in a new era for the institution.
- Turner is set to replace Erin Platts in February 2025, pending regulatory approval, with Simon Bumfrey stepping in as interim CEO.
- With 13 years at Citi, Turner has a proven track record in business development, having significantly contributed to Citi Ventures UK.
- Erin Platts’ tenure saw the bank navigate challenging times, culminating in HSBC’s acquisition following the parent company’s collapse.
- Turner’s commitment to enhancing HSBC Innovation Banking’s impact within the innovation ecosystem promises a forward-looking approach.
Emily Turner, known for her extensive experience at Citi, has been announced as the incoming CEO of HSBC Innovation Banking. Her appointment marks a pivotal shift as the institution seeks to expand its influence within the burgeoning tech sector in Britain. Turner, who served as the Head of Business Development at Citi, brings a wealth of expertise that spans over 13 years. At Citi, she was instrumental in establishing Citi Ventures UK and leading the Global Institutional Strategic Investing group, demonstrating her capacity to foster growth and innovation within financial services.
Turner is expected to assume her new role in February 2025, subject to regulatory approval. During this transition, Simon Bumfrey will serve as the interim CEO, ensuring continued leadership at the bank. Turner’s predecessor, Erin Platts, played a crucial role in guiding the bank through turbulence, particularly during the collapse of its US parent company. Under Platts’ leadership, a rescue deal with HSBC was successfully executed, underscoring her effective crisis management skills.
In her statement about the new role, Turner expressed her enthusiasm for contributing to the bank’s vision. “I’m excited to be joining HSBC Innovation Banking and to help build on its success to date. HSBC Innovation Banking has quickly established itself as a go-to partner for the innovation ecosystem,” she remarked. Her statement reflects a commitment to advancing the bank’s efforts in supporting founders, companies, and investors at various stages of development.
The leadership change comes at a time when HSBC Innovation Banking is looking to consolidate its position in the financial sector, particularly by supporting the innovation ecosystem. Turner’s appointment is seen as a strategic move to bolster the bank’s profile as a key player supporting technological advancements and innovative financial solutions.
Emily Turner’s leadership promises to guide HSBC Innovation Banking toward a strengthened role in the tech ecosystem.
