Blomfield says the banks are "set up to prevent change" and … “I don’t think he cares about monetary gain and titles,” adds Tan, Anil’s former chief of staff. “He’s very interested in your private life. He’s very clear in his feedback.”. Información sobre tu dispositivo y conexión a Internet, incluida tu dirección IP, Actividad de navegación y búsqueda al utilizar sitios web y aplicaciones de Verizon Media. 09446231). 09446231). “He was saying ‘I would bet my house on this’… [Eventually] he got the [Reliance Jio] CEO behind it, he got the regional [bank] CEO behind it, and the global CEO,” he tells Sifted (Anil left before the venture could go through and it was dropped). TechCrunch forma parte de Verizon Media. Bosher also says this energy has fostered a “disciple-like” fondness among Anil’s former colleagues. View Tom Blomfield’s profile on LinkedIn, the world's largest professional community. The first is getting to grips with the competitive UK market. hundreds more joining every day. Delivered 3 times per week. By entering your email you agree to Sifted’s Terms of Use. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. Para obtener más información sobre cómo utilizamos tu información, consulta nuestra Política de privacidad y la Política de cookies. See the complete profile on LinkedIn and discover Tom’s connections and jobs at similar companies. From Sifted and others. Anil apparently raised eyebrows at Standard Chartered when he pushed his seniors to support a risky investment in Reliance Jio, a telecoms company now, Perhaps most importantly, Anil will also have to get to grips with a new leadership structure with Blomfield — now president and reportedly still expected to call the shots. ✓ Thank you for subscribing to the newsletter! Yet Bosher. says Anil will want to make an “impact” at Monzo and get “creative” having sacrificed the cocoon of Visa, so Blomfield may need to make room. Monzo Bank Limited is a company registered in England and Wales (No. the PRA. Nosotros y nuestros socios almacenaremos y/o accederemos a la información de tu dispositivo mediante el uso de cookies y tecnologías similares, a fin de mostrar anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos sobre la audiencia y desarrollar el producto. Have an idea for an opinion piece for Sifted? I watched him transform a business and lead through the financial crisis.”. Monzo Bank Limited is a company registered in England and Wales (No. Meghan Connolly, now a senior vice president at American Express, who worked under Anil at Standard Chartered. It was an unexpected move at a rocky time for the bank, which said the reshuffle would allow Blomfield — who will now instead be president — to focus on the bigger picture, rather than the all-consuming, nitty-gritty issue of regulation. Download the Monzo app on Android. In August 2016 we became a Monzo Bank Ltd is authorised by the Prudential Regulation “He can probably outthink you. Tom has 5 jobs listed on their profile. Mastering Monzo, and getting its staff to dance to the same tune, may well be the challenge Anil is seeking. Please keep comments respectful. What’s more, past colleagues also speak of Anil as a unifying force among teams — something that Monzo’s recent burst of executive departures suggests it needs. But according to four former colleagues interviewed by Sifted, Anil is more than just a banking suit. “He’s not the kind of guy who will yell at you. Another of Anil’s trademark attributes is his ability to keep his cool under pressure, says Meghan Connolly, now a senior vice president at American Express, who worked under Anil at Standard Chartered. “Anil is not your die-in-the-role sort of banker,” says Hal Bosher, Amil’s friend of over 20 years and chairman of Wave Money in Myanmar. “It’s always a book, and he caters it to each person… He does these really personal touches.”. Monzo CEO Tom Blomfield says big banks are saddled with outdated tech and a risk-averse culture. This depiction should be a relief to those who view professional chief executives as mere rule-followers who stifle growth with compliance-fears. Para permitir a Verizon Media y a nuestros socios procesar tus datos personales, selecciona 'Acepto' o selecciona 'Gestionar ajustes' para obtener más información y para gestionar tus opciones, entre ellas, oponerte a que los socios procesen tus datos personales para sus propios intereses legítimos. Founded in early 2015, our mission is to build the best bank account in the world. regulated bank, and a team of more than 300 work from our London HQ and remotely around the world. Get the best European startup stories and news. This seems to add up, with Taneja describing Anil as “one of the best leaders” he’s ever worked for, and Tan telling Sifted: “He is perhaps the only manager I’ve ever had that, if he told me today to down my tools and come join him, I’d go.”, “Anil is not your die-in-the-role sort of banker”. Anil is also yet to make a public statement on the move, which many commented looked “rushed”. This makes sense for a man who is described by his peers as a “big thinker” with a quick, analytical mind. By entering your email you agree to Sifted’s, Last week, digital bank Monzo announced TS Anil — a 48-year-old veteran banker — would be its, It was an unexpected move at a rocky time for the bank, which said the reshuffle would allow Blomfield — who will now instead be president — to, “Every year at Christmas he gives a present to his team,” says, Standard Chartered Bank in Singapore in the mid-2010s, . TS Anil declined to be interviewed for this profile (or Monzo declined on his behalf), so Sifted spoke to four of his friends and colleagues to get a picture of who he is, his management style and what he might bring to the startup beyond banking expertise. He was later recognised as a bright talent by. In short, Monzo will need a suit who can dance. “He really can handle high amounts of stress and never shows it. You might also like More from author Technology By commenting, you agree to abide by our community guidelines and these terms and conditions. Despite offering only a glimpse into Anil’s character, these reports suggest he shares the same delicate blend of confidence and caution that has helped Monzo succeed in recent years, scaling fast without getting tangled up in (too many) controversies. “Anil is not your die-in-the-role sort of banker… He’s not trying to climb in the traditional way,” he tells Sifted, pointing to the fact he’s leaving behind a “much bigger balance sheet at Visa” in order to “challenge” himself. Europe’s fastest growing startups with female founders, Future Proof: Corporate Innovation Newsletter, Sifted Reports: The Future of On-Demand Food Delivery. who snagged him to make him one of its youngest leaders at the age of 42. He was later recognised as a bright talent by Standard Chartered, who snagged him to make him one of its youngest leaders at the age of 42. In March, the senior management team at Monzo and board volunteered to take a 25% cut in salary and hundreds of employees have been furloughed. This seems to add up, with Taneja describing Anil as “one of the best leaders” he’s ever worked for, and Tan telling Sifted: “He is perhaps the only manager I’ve ever had that, if he told me today to down my tools and come join him, I’d go.”, Another of Anil’s trademark attributes is his ability to keep his cool under pressure, says. At Monzo we’re building a new kind of bank. Yet Bosher says Anil will want to make an “impact” at Monzo and get “creative” having sacrificed the cocoon of Visa, so Blomfield may need to make room. Anil is tough but not mean, says Bosher, who credits his friend for being a source of “no bullshit” advice during their years in Asia: “He doesn’t need to be aggressive to get people to respect him.”. for turning around loss-making units of CitiCard in Japan at a difficult time. While tales of “dad jokes” and dancing credentials may sound inconsequential for his future chief executive role, colleagues say it’s indicative of what Anil can bring to Monzo, a bank which is part “go-getter” startup and part heavily regulated financial institution. Anil apparently raised eyebrows at Standard Chartered when he pushed his seniors to support a risky investment in Reliance Jio, a telecoms company now backed by Facebook. More than five years after starting the company, Monzo co-founder Tom Blomfield is stepping down as CEO of the U.K. challenger bank to take up the newly created role of president. Among his accolades, Anil is credited for turning around loss-making units of CitiCard in Japan at a difficult time. Still, Anil is described as somebody who can delicately navigate company politics. Monzo has seen customer card spend reduce at home and abroad, while new account signups have also slowed during the pandemic. “At one point, I knew I was slacking and he said to me, ‘you’re 10 times smarter than most of the people in this office, but you choose to do the same amount of work’,” says Taneja. Taneja also recalls Anil’s willingness to make bold moves. This makes sense for a man who is described by his peers as a “big thinker” with a, Taneja also recalls Anil’s willingness to make bold moves. live today. He adds: “Anil understands what makes people tick. Members of the Sifted community get deeper insights and introductions. Monzo is one of the leading fintechs in Europe with 4.2m users and at the vanguard of a wave of companies reinventing consumer finance. For media enquiries, please contact [email protected]. But it’s also heavily loss-making, facing a 40% cut in valuation at its next funding round and seeing turmoil in senior management. Our Financial Services Register number is 730427. Bosher also says this energy has fostered a “disciple-like” fondness among Anil’s former colleagues. Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports. He has a wide range of interests, talents and skills that prompted one ally to liken him to “inspector gadget”. He’s even partial to a boogie on the dance floor, according to one (“he’s got the wackiest taste in music”). One that's built for your smartphone and designed for the way we “He’s a very fun guy.”. Perhaps most importantly, Anil will also have to get to grips with a new leadership structure with Blomfield — now president and reportedly still expected to call the shots. Startup Europe. He’s taken me out at least twice to talk about my career.”. Last week, digital bank Monzo announced TS Anil — a 48-year-old veteran banker — would be its new chief executive, replacing poster boy cofounder Tom Blomfield. © 2020 Sifted EU Ltd. All Rights Reserved. Because the future isn’t where you expected. Former chief of staff Tan also recalls that Anil “doesn’t berate you in public”. “Every year at Christmas he gives a present to his team,” says Kartik Taneja, who worked with Anil at Standard Chartered Bank in Singapore in the mid-2010s. Download the Monzo app on iOS The story of a mind-bending away day. And he can do that across cultures,” having navigated both the quiet-deference of corporate Japan and the bolshy, sharkish US banking scene. Anil was chosen in large part for his stellar banking credentials, boasting nearly three decades across international corporations like Visa, Standard Chartered and Capital One under his belt.

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