German digital bank N26 has named Carina Kozole as its new chief risk officer (CRO) and managing director of N26 AG.
In brief:
-Kozole will take over the role from Jan Stechele, who has served as CRO in an interim capacity since April 2023
-Kozole, who will officially begin her new role later this year, has spent the last 17 years at UniCredit Group, where she has held a number of senior positions.
-N26 says Stechele will remain at the bank as a managing director and will “collaborate closely with the chief risk officer on the topics anti-money laundering and compliance”.
What does this mean?
N26 CEO Valentin Stalf says Kozole’s “comprehensive expertise and experience will further strengthen our focus on risk management and compliance”. The appointment follows reports that Germany’s financial regulator, BaFin, is extending measures put in place at N26 to tackle money laundering.
