Australian digital bank Volt appoints former Starling COO as board advisor

By Oliver Smith on 15th January 2020

Digital Banking

Julian Sawyer will help to accelerate Volt’s plans down under.

Australian digital bank Volt appoints former Starling COO as board advisor
Image source: Julian Sawyer/Innovate Finance.

The former Chief Operating Officer of Starling Bank, Julian Sawyer, has been picked to advise the board of Australia’s only fully-licenced digital bank.

Volt, which was founded in 2017, has a waiting list of over 40,000 Australian customers who are currently being onboarded ahead of its full public launch in early 2020.

The Australian market is poised to be a booming digital banking market, with players like Volt along with names like 86 400 and Xinja.

At Starling, until his departure in July 2019, Sawyer led the bank’s growth from humble beginnings to becoming one of the UK’s earliest digital banks to be licenced—a similar position which Volt now finds itself in.

Today Starling has over 1m customers and £1bn in deposits.

“These alignments in strategy, coupled with the fact that the UK and European markets are several years further developed than Australia, will help us avoid potential pitfalls and make more informed decisions as we progress to our public launch next year,” said Volt’s CEO and Co-Founder Steve Weston.

Sawyer will also split his time with being the recently-appointed European Managing Director of crypto exchange Gemini.

“Given the UK and European markets are several years ahead of the Australian market, there are also many learnings that I can share and the team can apply proactively,” Sawyer said on his Volt appointment.

“It was with great pleasure that I jumped at the chance to join such a dynamic and visionary team.”

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