ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, today announced that Emma Hagan has been appointed CEO of ClearBank UK, and will take up the role following regulatory approval.
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.”
“It’s with great pleasure that we welcome Emma as our UK CEO. Emma brings with her a wealth of experience and deep knowledge about our business and the space we operate in, having already contributed immensely to our success in her role as CRCO,” said Charles McManus, CEO at ClearBank. “We’re incredibly excited to see her lead our UK business to new heights.”
“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,” said Emma Hagan, incoming CEO of ClearBank UK. “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.”
Hagan’s appointment as UK CEO is a vital component of ClearBank’s organisational changes to support international growth plans. The structural shift will support an international model for the bank, as it moves towards realising its expansion plans across Europe, North America, and other markets.