HSBC Innovation Banking has appointed Simon Bumfrey as interim CEO, following Erin Platts’ departure.
- Simon Bumfrey brings extensive experience from his previous role as head of relationship banking.
- His career includes significant roles in major banks such as Lloyds, Bank of Ireland, and Barclays.
- Erin Platts will continue as a special advisor and is set to join Octopus Ventures as CEO.
- The transition signifies HSBC’s ongoing commitment to leadership and innovation in the banking sector.
HSBC Innovation Banking announced the appointment of Simon Bumfrey as its interim CEO. This decision follows the departure of Erin Platts, marking a significant leadership transition within the bank. Bumfrey’s appointment is seen as a strategic move to maintain the bank’s growth momentum while it continues its search for a permanent CEO.
Simon Bumfrey is a seasoned professional with over 25 years of experience in the banking industry. He recently led the relationship banking team at HSBC Innovation Banking and has previously held influential positions at prominent banks including Lloyds Bank, Bank of Ireland, and Barclays. Since joining Silicon Valley Bank in 2017, his expertise has been pivotal, especially after the bank was integrated into HSBC in 2023.
Bumfrey’s role as the interim CEO has garnered positive expectations from HSBC, which highlights his experience with technology and life science sectors. HSBC stated: “Simon has over 25 years’ of experience working with technology and life science companies and investors across the innovation ecosystem. He has been instrumental in the growth of HSBC Innovation Banking.” This reflects the confidence HSBC places in his ability to lead the bank through this transition.
Upon stepping into his new role in November, pending regulatory approval, Simon Bumfrey is expected to continue the strategic direction set by his predecessor, Erin Platts. Platts, who has had a profound impact on the bank, will continue to offer her expertise as a special advisor after her departure. Her move to Octopus Ventures as CEO in January 2025 further accentuates her continued influence in the financial sector.
Bumfrey has expressed his enthusiasm about leading the bank alongside what he describes as a world-class team. He stated: “I am both honoured and humbled to be given the opportunity to lead HSBC Innovation Banking UK alongside the support of a world class team.” His focus remains on expanding HSBC’s presence in the innovation space, aiming to solidify its position as a premier partner for founders, companies, and investors.
The appointment of Simon Bumfrey as interim CEO underscores HSBC Innovation Banking’s commitment to stable leadership and continuous growth.
