8.6 C
New York
Thursday, September 24, 2020
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.

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

Recent posts

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

“Mitto helps its users to save money while saving the planet,” says Marcos Cuevas, the company’s co-founder and CEO

Mitto is a Barcelona-based debit card/finance app and it is mainly a sustainability-focused product that has raised €2M from Athos Capital and others. Mitto has a live crowdfunding campaign on Crowdcube in which the company has already raised £500,000.

Allica Bank is launching a £100m funding round

Allica Bank has already closed a £26 million investment and now is launching a new £100 million funding round to meet the current high levels of demand for its services.

Dutch challenger bunq plants 1,000,000 trees on Madagascar

Amsterdam-based digital bank bunq offers an option to plant a tree for every 100€ spent with their SuperGreen premium account. Now they planted 1,000,000 trees.