Tide’s UK CEO departs

After five years at Tide, the SME banking provider’s UK CEO Laurence Krieger announced his departure yesterday.

Krieger has been Tide’s UK CEO since January 2021, and joined Tide from Revolut in 2017 as chief operating officer.

In a post on LinkedIn, Krieger said that he was “extremely grateful” to the team at Tide, but that he had decided to move on.

“I’m not going far as I will continue to be fully engaged in the fintech space, working with some game-changing organisations,” Krieger wrote, not disclosing what his future plans would be.

Tide told AltFi that Krieger's departure is to "take some time to rebuild his health after a serious illness", and said the company is "in the process of recruiting a UK CEO to carry on his incredible work in building the UK business."

While Oliver Prill is Tide’s overall CEO, the company shook up its leadership structure in early 2021 when Gurjodhpal Singh was appointed as CEO of Tide’s expansion into India.

“Tide has a fantastically bright future and is without doubt the best team. I remain its biggest fan and will be cheering from the sidelines,” added Krieger, who personally thanked Prill and Tide’s founder George Bevis who “brought me into the business when Tide was his newborn baby”.