Monzo launches hunt for new investments and wealth business boss
The job ad for 'general manager, Investments' says that Monzo is "looking for a leader to build and run the most exciting new business at Monzo - investments and wealth".
Monzo is to launch an investments and wealth business and is recruiting for an executive to head up the unit.
“We want to bring our Monzo magic to this industry and redefine the way that people interact with investing and wealth.”
It adds that the GM role- which can be London or remotely based- will be “highly involved in recruiting and scaling news hires into key roles within the team”.
Monzo’s investments and wealth business will likely include a platform for retail investors to invest in stocks and crypto trading.
But the job advert does not reveal specific details of what products the new business will offer. Monzo did not give further details.
The digital wealth space is becoming increasingly crowded.
Retail giant John Lewis has also teamed up with Nutmeg to launch retail investment products.
Monzo suffered a hit during pandemic, owing to a sharp fall in card transactions but it has diversified its business during Covid, launching premium and business accounts.
The new role will be part of Monzo’s executive leadership team.
The job ad describes the general manager role as:
-Lead the vision, strategy and execution of the investment and wealth product at Monzo from the ground up. Developing and managing the roadmap for the product and go-to-market plan
- Set goals and be responsible for hitting them
- Be responsible for unifying teams across Product, Engineering, Data, Design, Marketing, Risk, Compliance and Operations to bring a delightful product to our customers
-Work closely with the relevant regulatory authorities to build a customer-focused product that is safe and compliant
-Work closely with the executive team and board.