Monzo hires former Amex exec as new COO
Sujata Bhatia is set to join the challenger bank in June.
Digital banking giant Monzo has appointed the former head of global merchant services for Europe at American Express, Sujata Bhatia as its new chief operating officer.
The news, first reported by Tech Crunch, comes after an almost six-month gap in the position following the departure of Bhatia’s predecessor Tom Foster-Carter.
Foster-Carter left the London-based digital bank back in November to launch his own grocery-startup.
Bhatia’s appointment, which was confirmed by a spokesperson for the bank, is the most recent reshuffle at the top for Monzo.
Pending regulatory approval, Bhatia will join Monzo later on this year and will help the bank navigate the current turbulence it is facing.
At the beginning of April it was revealed that Monzo planned to furlough 295 members of staff and executives were to receive a 25 per cent pay cut as well as founder Tom Blomfield forgoing his salary entirely for the next year.