8.6 C
New York
Monday, March 20, 2023
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

Challenger Banks: Disrupting the Status Quo in Retail Banking

In this blog, we will explore the state of retail banking, the different types of challenger banks, and the attractions of digital challenger banks.

Parker: The First Charge Card for E-commerce with Raised Limits

Parker, a fintech startup co-founded by Yacine Sibous and Milan Ray, has recently emerged from stealth with $157 million in equity and debt funding.

Credit Suisse Struggles to Keep Clients as Overhaul Continues

Credit Suisse Group AG won a $54bn lifeline on Thursday 16 March, giving it the chance to rebuild its business.

Swiss Regulators Step in to Reassure Markets Amid Credit Suisse Turmoil

The global financial markets were rattled on Wednesday following fresh fears about the viability of Credit Suisse.