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UK-based Starling Bank gears up to launch Irish subsidiary

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UK-based Starling Bank gears up to launch Irish subsidiary

Starling Bank Ltd. is preparing to launch its subsidiary Starling International in Dublin, which will allow it to offer banking services across the EU after Brexit, The Sunday Times reported Jan. 5.

The U.K. challenger bank, which applied for an Irish banking license in 2019, is expected to enter markets in France, Germany and the Netherlands as part of its expansion plans.

In recent months, Starling Bank founder Anne Boden has enlisted several former bankers of Irish lender Allied Irish Banks PLC, where she served as COO between 2012 and 2013, to join Starling International. In December 2019, the British digital lender rehired Peter Rossiter, a former chief risk officer of AIB, to the same role at Starling International. Felim O'Donnell, also a former AIB executive, joined Starling International in September 2019 as COO.

Elaine Deehan, founder of financial technology start-up Pocketwire, joined Starling in 2019 as Ireland country manager, the report added.