Monzo CEO Steps Down, Google Exec Steps In
Hey Digital Banking Fanatic!
Big news at Monzo: CEO TS Anil is stepping down after nearly six years at the helm.
Diana Layfield, a seasoned tech and banking executive who formerly held senior roles at Google and Standard Chartered, is his successor.
She’s set to take over as CEO in February 2026, pending regulatory approval.
Layfield’s appointment signals a new chapter for Monzo as it looks beyond the UK toward international expansion.
Under Anil’s leadership, Monzo experienced significant growth and a major turnaround: its customer base expanded from fewer than 4 million to 13 million, headcount rose from 1,000 to nearly 4,000, and the company reached profitability with £60.4 million in pretax profit. The neobank also secured a $5.9 billion valuation in its latest share sale.
Anil, who joined from Visa in 2020, steered Monzo through regulatory headwinds, helped stabilize its finances, and positioned it as a real contender in UK banking.
In a statement in his LinkedIn profile, he said: "I've always believed great leaders make way for others, and I know it's the right time to hand over to someone I can trust to lead us into the next phase."
With Layfield’s global experience and Monzo’s strong momentum, the challenger bank is gearing up for a broader international push.
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NEWS
🇬🇧 Monzo Boss TS Anil steps down to make way for a Google Executive. Anil makes way for Diana Layfield, former general manager of search international and growth at Google, who will take over in February, subject to regulatory approval, according to a memo sent to staff.
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