Monzo co-founder and UK CEO Tom Blomfield has stepped down from his role.
He will now become President in a newly created role.
He is replaced by current US CEO TS Anil.
Anil will be “Monzo UK Bank CEO” while retaining his US role.
What does this mean?
This is a fairly common step as a startup matures: it allows founder Blomfield to focus on the long term vision and Monzo’s products while Anil runs the company on a day-to-day basis.