8.6 C
New York
Thursday, May 26, 2022
Home Challanger banks Monzo hires veteran Dave Laramy as new VP and head of global...

Monzo hires veteran Dave Laramy as new VP and head of global financial crime

Monzo bank announced Dave Laramy is set to join next month and will provide the challenger with over 17 years of experience in the industry.

Laramy was previously working for Barclays, Santander, and US bank Capital One.

He is also an advisory board member at Cifas, a non-profit fraud prevention body.

Unlike other challengers, Monzo seems to be able to hire the key executives swiftly even during the time of crisis.

Last week Monzo informed that Sujata Bhatia, a former American Express executive, will replace Tom Foster-Carter at the position of COO. Read more about this in the full article below.

Read also: Monzo hires Sujata Bhatia as the new COO

Dave Laramy

Although Monzo was able to hire two new executives, it has also been forced to accept up to 295 furlough applications for some of its 1,500 employees, according to TechCrunch.

Some top executives left Monzo bank quite recently as well. The former CTO’s Meri Williams departure was unclear for some time, her responsibilities were transferred back to co-founder Jonas Huckestein, who was at the paternity leave at the time.

Top executives come and go but it seems that challenger banks specifically have some issues with their executives staying for longer the 1-2years.

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

Recent posts

Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.

Money20/20 “the place where fintech communities love to do business” is back

Money20/20 "the place where fintech communities love to do business" is back