N26 chief risk officer quits

N26 chief risk officer quits

German digital bank N26 has lost its third senior executive in a year, with chief risk officer Thomas Grosse leaving for personal reasons.

Grosse, who has previously worked for Deutsche Bank and Google, has not yet been replaced in a key role for the bank, according to the Financial Times, which first reported the departure.

One of only two people at N26 with regulatory clearance to run a bank in Germany, Grosse spearheaded its efforts to appease Germany's financial regulator BaFin.

In 2021, the watchdog fined N26 €4.25 million over lax money laundering controls and then imposed a temporary cap on the number of new customers the lender was allowed to onboard each month.

The cap - set at 50,000 new customers a month - is still in place.

Grosse is the third C-suite executive to leave N26 in the last 12 months, following in the footsteps of chief financial officer Jan Kemper chief operating officer Adrienne Gormley.

Want to see more fintech opportunities? Visit the Finextra Job Board for hundreds more roles, and bookmark the link for regular check-ins.

Comments: (0)

Trending