Board of Directors

Lord Philip Hammond

Chairman & Non-Exec. Board Director

Lord Philip Hammond is Chairman of the Board of Innovo. 

Philip has had a distinguished career in British politics as a Member of Parliament from 1997 to 2019. He held a range of senior cabinet posts, most recently serving as Chancellor of the Exchequer from 2016 to 2019. Prior to that, he served as Foreign Secretary from 2014 to 2016, Defence Secretary from 2011 to 2014 and Transport Secretary from 2010 to 2011.  

As Chancellor of the Exchequer, Philip focused on the long-term productivity challenges facing the UK economy and was a strong advocate for the Financial Services industry and the fast-growing Fintech sector. In particular, he championed the cause of SMEs and the need for greater access to long-term growth capital to allow successful British start-ups to scale up in the UK, rather than seeking capital overseas.  

Before entering Parliament, Philip had a wide-ranging business career, spanning the house-building and property, healthcare equipment, and oil and gas sectors.  

Philip studied Philosophy, Politics and Economics at University College, Oxford, and was made a life peer by HM Queen Elizabeth II in July 2020.