UK-based ClearBank, which provides real-time clearing and embedded banking for financial institutions, has named Emma Hagan as CEO of ClearBank UK, pending regulatory approval.
With more than 15 years of work experience, ClearBank said in a statement that Hagan “brings a wealth of banking experience to the role”. She is currently serving as chief risk and compliance officer at ClearBank since June 2020.
Prior to joining ClearBank, she worked as chief risk officer for EMEA at Silicon Valley Bank for over three years. Between 2016 to 2017, she was the interim head of enterprise-wide risk management at SVB Financial Group. Before that, she spent over six years with SVB in a number of senior risk and compliance roles, rising to the rank of chief risk officer, UK. Her previous experience includes 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.
ClearBank added that Hagan’s appointment is a “vital component of ClearBank’s organisational changes to support international growth plans”. With this, the bank aims to develop an international model in a bid to deploy its expansion plans across Europe, North America, and other markets.
“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,” commented 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.”
Founded in 2015 and headquartered in London, ClearBank claims to have maintained profitability since 2022. Its customers include the likes of Chip, Tide, Raisin and Wealthify. In H1 2023, the bank reported 144% revenue growth, 80% uplift in deposits and a 40% increase in payment volumes.
