Monzo hires Google veteran as new CEO
Monzo Group CEO TS Anil will step down and be replaced as chief executive by Diana Layfield, a former Google and Standard Chartered executive.
In a post on his LinkedIn profile, TS Anil confirmed he would be stepping away from his position and moving into an advisory role in February 2026, when Layfield will take the helm of the British neobank.
Anil has headed up Monzo for the past five years, and departs as the bank is eyeing a public offering in either New York or London.
In his LinkedIn post, Anil said he was grateful for his time leading the company and highlighted the bank’s exceptional growth in the UK during his tenure as Group CEO.
“I came into the role knowing we had a lot of work to do – much to protect, nurture and grow, new muscles to build, products to ship, big changes and tough prioritisation calls ahead,” Anil said.
“What we’ve done together since has made me very proud. We’ve grown from less than 4 million customers in 2020 to more than 13 million today, from £67 million revenue in 2020 to over £1.2 billion in the last financial year, from 1,000 colleagues to nearly 4,000 today.”
We reached profitability and have built a thriving business that’s growing at an incredible pace,” Anil said.
According to reporting from Sky News, Monzo’s upcoming IPO could see the company valued at up to £10 billion, although it is not yet confirmed whether it will list in New York or London.
London is reportedly seen as the most likely venue for the bank’s eventual listing by the board and investors, sources told Sky News.
