HyperJar appoints ex-Morgan Stanley head of tech as CEO

After more than thirty years at Morgan Stanley, Rob Rooney is taking the leap into fintech as CEO of HyperJar.

Rooney joined the board of the digital wallet fintech three months ago and now, after serving as CEO of Morgan Stanley International, co-global head of fixed income and most recently global head of technology and operations, will head up the fintech.

Rooney said he had been a “huge fan” of HyperJar and its mission since first investing a couple of years ago. 

“The closer I get to the team and the product the more I see HyperJar’s potential to help millions of people and thousands of businesses, particularly in the current economic climate,” Rooney said.

“Not many opportunities could have tempted me, but I know extraordinary tech when I see it. I’m starting this role full of excitement and confidence in the company’s ambitions and look forward to helping scale it at speed.”

HyperJar, which was founded in 2016 and launched in 2020, provides customers with a digital wallet to help them organise their money in “digital jam jars”.

It describes itself as a positive alternative to credit that rewards users for planning ahead, which helps people budget better.

HyperJar said the appointment is a “significant step” for the firm as it readies to scale both its business-to-business and business-to-consumer offers.

As part of the reshuffle of new appointments, co-founders Paul Rolles and Mat Megens will take on new roles as architect, business and architect, consumer, respectively.

 “Rob’s experience represents a CEO wish-list in human form for this stage of HyperJar’s growth,” Megens said.

“We are incredibly fortunate to have someone with his expertise, network, and reputation.”

Both Megens and Rolles have known Rooney for years having also worked at Morgan Stanley.

“He’s exactly the right person to work with us on fulfilling HyperJar’s potential in the UK and globally,” Megens added.