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Fiona Pollard takes over as Monument Bank chair

Departing chair Niall Booker has been with the bank since before its launch back in 2020.

Fiona Pollard

Fiona Pollard.

Upmarket neobank Monument has announced the successor to its founding chair Niall Booker, who helped launch the bank along with then-CEO Mintoo Bhandari in 2020.

Taking over Booker’s position as chair is Fiona Pollard, a non-executive director of the bank since 2019 and also chair of both Melton Building Society and the VisitEngland Advisory Board.

During her earlier banking career, Pollard worked across institutions including Barclays, Daiwa Europe Bank, NatWest Capital Markets, and Goldman Sachs.

Monument’s CEO Ian Rand called Booker “an excellent Chair and played a pivotal role in our success” as he welcomed Pollard into her new position.

“Her leadership, vision and market knowledge of savings and property lending have served Monument very well to date and we are looking forward to working with her in the new role.”

The changeover has been in the planning for the past six months, and came into effect yesterday 26 July.

Monument started 2023 with news that Dubai Investments had taken a 9 per cent stake in the business, with no financials of the deal disclosed.

At the time the bank claimed to have lent nearly £100m to its customers, raised deposits of £145m and signed up around 3,000 customers in its first full year since obtaining a full banking licence.

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