Monzo chief executive TS Anil will step down early next year, with the bank set to replace him with Diana Layfield, a former senior Google employee.
Anil has led the London-based fintech for almost six years, first joining as the head of Monzo US before being named group CEO in 2020.
During his time at the helm, Monzo has hit a number of major milestones including a rapid surge in users – currently over 13 million – and an impressive increase in profits, having reported an annual profit of £113.9m in its most recent accounts, up from £13.9m the year before.
Anil said he came to the decision after a search for a UK CEO to serve under him led him to meet with Layfield.
“Through our conversations, it became clear to me that she’d be a fantastic leader who could drive the business at the global level, into this next chapter and beyond. So while it wasn’t in my plan, I knew it was an opportunity I couldn’t miss for Monzo,” Anil said in an internal message that he later posted online.
Layfield will take over as chief executive in February 2026, subject to regulatory approval.
She currently serves as the chair of British International Investment and a non-executive director of AstraZeneca.
Layfield also spent almost a decade at Google, holding roles including president of partnerships for EMEA, global co-lead of cryptocurrencies and general manager for search international and growth.
