igital bank Monzo has poached its new finance boss from outside the banking industry, tapping up the former chief finance officer of Purplebricks.
Staff were told on Tuesday that James Davies will join as CFO later this month. Davies is currently the finance chief of household repairs and insurance group Domestic & General. Prior to that he was in charge of the numbers at digital estate agent group Purplebricks and William Hill’s online division. Davies has done stints at Deutsche Bank and Close Brothers in the past.
In a statement, Davies said: “I am delighted to have the opportunity to join Monzo and am really energised to become an integrated member of the exceptional team already in place.
“Monzo has developed an unrivalled customer proposition and I believe it is reaching a further inflexion point as the consumer craves a modern, nimble and unified platform to manage their financial lives – Monzo is right at the forefront of this shift.”
