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Monzo hires new CEO for US expansion reboot

When it comes to neobanking, cracking America isn’t easy but Monzo’s committing to the long-term opportunity with the hire of its third US CEO

Conor Walsh Monzo

Conor Walsh Monzo

UK neobank Monzo has a new CEO to lead its long-term US expansion.

Conor Walsh, originally from Ireland, is based in San Francisco where he has led global product for Cash App since 2017.

He started two weeks ago as US CEO, according to the bank’s chief operating officer Sujata Bhatia, and will lead the product, strategy and growth plans for Monzo US.

Speaking at the Sifted Summit today, Bhatia says a US expansion - Monzo’s currently only active international market outside of the UK - is still important for the company’s long-term objectives. 

“I’m thrilled and honoured to join Monzo. I’m a long-time admirer and am excited about the huge opportunity to further expand our product and mission in the US. I’ve seen first-hand the difference it can make to provide access to world-class financial solutions to everyone, and Monzo is at the forefront of that journey,” Walsh said in a statement to AltFi. 

Monzo first kicked off its US launch in 2019 with the bank’s current CEO TS Anil leading the charge from California. 

Anil became overall group CEO in 2021 after the departure of co-founder and former CEO Tom Blomfield.

Carol Nelson, an adviser to the bank since 2019, had been leading Monzo’s US operations since 2021 when Anil took up the top post.

Not long after Monzo ditched its plans to win a US banking license.

I’m delighted to welcome Conor to lead our strategy and growth in the US. He brings the perfect mix of skills to lead the team as we build the best product for the American customer and grow our US business. We’re all really excited for this next phase with Conor at the helm,” TS Anil, Global CEO, Monzo said also in a statement to AltFi. 

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