Monzo’s veteran CFO bows out

By Roger Baird on 1st March 2019

Challenger Banks

Monzo’s top finance officer Gary Dolman hangs up his calculator after 30 years in the industry.

Monzo’s veteran CFO bows out

Banking veteran Gary Dolman (pictured, far left) has announced his retirement as chief financial officer from digital lender Monzo ending more than thirty years in financial services.

He will be replaced by Alwyn Jones, who was recruited from Barclays last year to fill the new bank’s top finance role.

Dolman has held a number of senior roles in banking including digital rival Starling, Japan’s Mizuho and Dutch banks ING and ABN Amro. He spent the first eight years of his working life as an accountant at PwC.

Monzo chief executive and co-founder Tom Blomfield said: “I can’t thank Gary enough for his hard work and dedication to Monzo over the last four years. From a coworking space in Farringdon, he’s helped us to grow to a 700 person company with more than 1.5 million customers. I wish him all the best in his retirement.”

Dolman said he planned to mix his retirement from the challenger bank, founded in 2015, between “relaxing” and “the occasional piece of consultancy work with other startups”.

The app-only lender, which saw its annual pre-tax loss leap fourfold to £33.1m last year, is one of the fastest growing banks in the UK.

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