ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, has appointed Emma Hagan as CEO of ClearBank UK.

Hagan brings a wealth of banking experience to the role, having worked in the industry for over 15 years. She is currently chief risk and compliance officer at ClearBank, and previously served as chief risk officer for EMEA at Silicon Valley Bank and in various roles at Lloyds Bank and HBOS.

In the newly established role, Hagan will be responsible for overseeing all aspects of ClearBank’s operations in the UK and further strengthening the bank’s position in the UK market. 

The bank serves blue chip clients such as Chip, Tide, Raisin and Wealthify, and has maintained profitability since 2022. In H1 2023 the bank reported 144% revenue growth, 80% uplift in deposits and a 40% increase in payment volumes.

“Appointing Emma as UK CEO is a critical step in positioning the bank for international expansion and meeting our growth ambitions in the UK and beyond,” said Shonaid Jemmett-Page, chair of the UK board at ClearBank. 

“Emma has been integral to ClearBank’s success since she joined the business in 2020, and she has demonstrated her exceptional leadership and dedication to the business in that time.”

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Hagan said: “ClearBank continues to go from strength to strength, buoyed by our unique combination of fully licensed banking services, next generation technology platform, and innovative business model.

“It has been a privilege to be part of ClearBank’s impressive journey, and I’m excited to lead our UK team and build on its significant successes to date.”

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