AAA Adeyemi leaves HSBC to start new firm with fellow alumni

Adeyemi leaves HSBC to start new firm with fellow alumni

Ore Adeyemi (pictured), a GCV Powerlist winner in 2020 and 2021, has left financial services firm HSBC – where he had been managing director and global head its corporate venture capital arm, Strategic Innovation Investments – to start a new investment firm.

Ore Adeyemi

Bloomberg had reported in May that Adeyemi was planning to leave the company to form a new outfit with a couple of HSBC colleagues, which he has now confirmed in a LinkedIn post.

“It has been a great honour to help build and lead the corporate venture team and to work with incredible companies transforming financial services,” said Adeyemi in the post.

Adeyemi had been global head of Strategic Innovation Investments for over three years and a half since 2019, before which he oversaw its North American investments beginning in 2017.

Previously, Adeyemi had held various roles at HSBC since mid-2006, including associate, investment director for principal investments and private equity in Africa, and investment director at Strategic Innovation Investments.

Not much has been revealed about the new firm he will be co-founding, but he will be doing so with 2019 GCV Rising Star member Tom Bussey, who was until last month investment director at HSBC’s CVC arm, as well as former HSBC investment manager Thomas Caine, who left his post this month.

Adeyemi added: “I am excited to embark on the next stage of my journey with Tom Bussey and Thomas Caine – more to come in due course. For now, suffice it to say that I will continue to support founders and their bold visions and hopefully create even more seats at the table.”

By Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the Global Venturing Review podcast.