Emily Turner has been named as the new CEO of HSBC Innovation Banking UK, the tech-focused unit created by the bank following its acquisition of the British business of failed US lender Silicon Valley Bank.
She will begin her new role in February following 13 years at Citi and brings extensive experience of driving growth within the innovation ecosystem, both as an investor and as an operator.
Describing her appointment she wrote: “I am excited to be joining HSBC Innovation Banking as its new UK CEO in 2025.
“The business, and the people within it, bring expertise, financial resources and importantly passion for growth, to the innovation economy.
“It is a business and team I have held in high esteem for many years, and I am humbled to be leading its next chapter.
“I look forward to further committing to supporting founders, investors and the broader UK innovation ecosystem.”
HSBC Innovation Banking provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity and venture capital industries.
Turner’s most recent role was as MD and head of business development at Citi’s Client Organisation.
Stuart Tait, head of Commercial Banking, HSBC UK, said: “HSBC Innovation Banking is a key part of our growth strategy and I’m looking forward to working with Emily as she leads this business through its next stage of growth.
“Across HSBC, we support 80 per cent of FTSE 100 and FTSE 250 tech companies in the UK, and we have a leading market share of the most innovative companies and investment funds both in the UK and across the Nordics.”
HSBC Innovation Banking UK employs over 700 people in the UK and has an extensive client base of almost 3,700 innovation businesses, with funds across the UK and Europe.
Simon Bumfrey, interim CEO of HSBC Innovation Banking, will resume his role as head of Technology and Life Sciences at HSBC Innovation Banking UK.