8.6 C
New York
Thursday, March 23, 2023
Home Challanger banks CTO of UK challenger bank Monzo Meri Williams steps down

CTO of UK challenger bank Monzo Meri Williams steps down

Multiple sources confirmed that Meri Williams, who joined Monzo bank in September 2018, announced internally that she was departing.

With that, she said that she wants to help with cost-cutting measures. She has been also continually reducing her role over the past five months to just one day a week and has been consulting some medtech startups.

Read also: Revolut and Monzo combat rumors of their collapse

Before Williams joined Monzo in 2018, she was the CTO of MOO, an online print and design company that was also listed Forbes UK’s hottest start-ups. She was as well the head of engineering at British retailer Marks and Spencer and has done stints scaling up engineering teams at other start-ups.

Earlier in her career, Williams spent almost 10 years at Proctor & Gamble in various roles, including as head of operations for North Europe site services.

But the trouble is that it is not clear who is taking up Williams CTO responsibilities since previous CTO and Monzo co-founder Jonas Huckestein is on paternity leave.

According to some media reports, he is the one to step to the role of CTO after all. Monzo declined to comment on this matter.

Read also: Monzo is hiring! And relaunching paid accounts

Williams joins a other senior executives who have left Monzo in the last six months, including former COO Tom Foster-Carter and deputy CEO Paul Rippon.

But the bank has been also hiring a lot of new senior executives, including chief risk officer Lisa Nowell and head of diversity and inclusion Sheree Atcheson.

Sources: https://theorg.com/news/meri-williams-steps-down-as-cto-of-digital-bank-monzo https://techcrunch.com/2020/03/26/monzo-cto-departs/

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Is the Fintech Bubble About to Burst? Lessons from Credit Suisse’s Collapse

Last week, UBS acquired Credit Suisse in a $3.25 billion rescue deal. This event has raised concerns about the viability of business models of highly valued fintech startups.

Zeta and Featurespace Join Forces to Offer Innovative Credit Card Processing and Fraud Detection Solution

Modern core banking technology provider Zeta and fraud prevention company Featurespace announced a new partnership on March 22, 2023.

Fintech Companies Put a Hiring Freeze Due to Economic Climate

A major new report by Erlang Solutions has revealed that half of all fintech firms have put a stop to hiring staff in 2023 due to the challenging economic climate.

Recap of FinovateEurope 2023: Key Themes and Takeaways

With a focus on innovation and customer needs, the future looks bright for the industry.