trending Market Intelligence /marketintelligence/en/news-insights/trending/hCPYLinGkTvgRwEX7G9YUA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Monzo hires former Northern Rock CEO as its chairman

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Monzo hires former Northern Rock CEO as its chairman

Monzo Bank Ltd. will appoint former Northern Rock Ltd CEO Gary Hoffman as its nonexecutive chairman, Sky News reported Jan. 8.

The digital lender reached unicorn status with a £1 billion valuation in 2018 and is one of several challenger banks trying to disrupt the U.K.'s high street banks.

Hoffman, a former vice chairman of Barclays PLC, is widely credited with helping Northern Rock navigate the financial crisis after being appointed its CEO in 2008.

He will replace Denise Kingsmill, who has chaired Monzo's board of directors since 2015.

Tom Blomfield, the bank's CEO, confirmed Hoffman's appointment in a tweet later in the day.