By Aisling Finn on Monday 11 May 2020
Dave Laramy is set to join the challenger bank next month and brings with him over 17 years of experience.
Digital bank Monzo has appointed the former head of fraud at JP Morgan Chase, David Laramy, as its new vice president and head of global financial crime.
He is also an advisory board member of CIFAS, a not-for-profit fraud prevention organisation.
Laramy’s appointment, which was confirmed to AltFi by a spokesperson for the bank, is the most recent reshuffle at the top for Monzo.
Bhatia’s recent appointment as COO comes following a six-month gap in the position following the departure of her predecessor Tom Foster-Carter who left back in November to launch his own grocery-startup.
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.