Monzo chief executive TS Anil was asked to step down by the fintech’s board amid concerns over international expansion and his post-IPO commitment, according to reporting from the Financial Times.
The FT reports that tensions built between Anil and the board before October’s somewhat unexpected announcement that former Google executive Diana Layfield would take over early next year. A key issue, apparently, was IPO timing. Anil pushed for an earlier listing than some directors wanted and signaled he might leave soon after, while board members…

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