With a background in finance and general business management spanning over four decades, Farace has held prominent roles in various sectors, including Mergers and Acquisitions, Investment Banking, Corporate Banking, Treasury and Transaction Services, Retail and Consumer Finance, and Fintech. Notably, he served in global leadership positions at Citigroup for more than 20 years, accumulating invaluable experience in navigating the complexities of operating across diverse regions such as North America, Japan, Europe, the Middle East, and Africa.
Elaine Wong, Hyzon’s Lead Independent Director, expressed her confidence in Farace’s appointment, stating, “Andrea brings extensive expertise in finance and governance to the Hyzon Board of Directors, gained from his work as a corporate executive and through advisory capacities as a board member.” Wong also highlighted Farace’s nuanced understanding and firsthand experience in scaling a global business, which will be instrumental as Hyzon continues its growth trajectory and advances towards the commercialisation of its fuel cell electric vehicles.
Prior to joining Hyzon Motors, Farace held the position of Executive Vice President at Wirecard Card Solutions Limited, where he oversaw all Wirecard Group divestitures globally on behalf of the court-appointed Administrator of the Wirecard AG group. From 1999 to February 2020, he assumed several senior roles within business units of Citigroup Inc., including Head of Citi Holdings, Chief Operating Officer of Citi Transaction Services, Citi CEEMEA region, Citi Japan Investment Banking, and Global Investment Banking.
Farace’s commitment to board service extends beyond his new role at Hyzon. Since 2022, he has served on the Board of HBL Bank UK Ltd, currently holding the position of Chairman. HBL Bank UK Ltd is a full-service banking institution regulated by the UK PRA and the FCA, and a wholly owned subsidiary of Habib Bank Limited, Pakistan’s largest bank. Additionally, Farace serves on the private Board of Wirecard Card Solutions Limited (formerly an FCA licensed e-money institution now in voluntary liquidation) since 2020 and on the Board of Ptech Holdings Gmbh, a privately held electronic rating and credit analysis provider for the financial services sector, since 2023.