HSBC Integration of Silicon Valley Bank UK Is Done, Says Platts

HSBC Holdings Plc has completed the integration of Silicon Valley Bank UK following its emergency takeover nearly a year ago, according to Erin Platts, who leads the rescued business.

“We’re starting the year off in a really positive place,” Platts said in an interview Wednesday with Bloomberg Television. “The integration is done, the transition is done, which is a lot of work, especially when you’re merging two banks together.” In both the UK and global teams that have come aboard, “we are out in market and we’re back to business,” she added.

Erin Platts on Jan. 10.

Photographer: Chris Ratcliffe/Bloomberg

Europe’s largest bank bought SVB UK ...