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Monzo shareholders push to oust chair over CEO's exit, FT reports

Published by Global Banking & Finance Review

Posted on December 17, 2025

1 min read

· Last updated: January 20, 2026

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Monzo shareholders push to oust chair over CEO's exit, FT reports
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Dec 17 (Reuters) - Some shareholders of British mobile bank Monzo are pushing to bring back the company's former CEO TS Anil and oust its chairperson Gary Hoffman, Financial Times reported on

Monzo Shareholders Push for Leadership Change After CEO Exit

Dec ‌17 (Reuters) - Some shareholders ‍of ‌British mobile bank Monzo ⁠are pushing ‌to bring back the company's former CEO ⁠TS Anil and oust its ​chairperson Gary Hoffman, Financial ‌Times reported ⁠on Wednesday.

Venture capital firms such as Accel ​and Iconiq have joined forces and hired lawyers as they ​push ‍for greater ​shareholder representation on the board after Anil's exit was announced in October, the report ⁠said, citing people familiar with ​the matter.

Reuters could not immediately verify the report.

(Reporting by ‌Mihika Sharma in Bengaluru; Editing by Janane Venkatraman)

Key Takeaways

  • Monzo shareholders want former CEO TS Anil back.
  • Chairperson Gary Hoffman faces pressure to step down.
  • Venture capital firms Accel and Iconiq are involved.
  • Shareholders seek greater board representation.
  • The report's details are yet to be verified by Reuters.

Frequently Asked Questions

What is venture capital?
Venture capital is a type of private equity financing that provides funding to startups and small businesses with long-term growth potential in exchange for equity, or ownership stake.
What is corporate governance?
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability and transparency in the company's operations.
What is a shareholder?
A shareholder is an individual or institution that owns shares in a company, giving them a claim on part of the company's assets and earnings.
What is a financial crisis?
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, often leading to a loss of confidence in the financial system and potentially resulting in widespread economic instability.

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