{
  "id": 9292823,
  "title": "Monzo’s EU CEO Michael Carney to step down",
  "url": "https://urgent.news/2026/09/23/monzos-eu-ceo-michael-carney-to-step-down",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T07:25:26.000Z",
  "source": {
    "name": "Silicon Republic",
    "slug": "silicon-republic",
    "url": "https://www.siliconrepublic.com/business/monzos-eu-ceo-michael-carney-to-step-down"
  },
  "original_language": "en",
  "account": "Monzo's European Chief Executive Officer, Michael Carney, is set to resign from his position to embark on a new venture. The bank's CEO, Diana Layfield, succeeded Carney earlier this year after leading the company for six years. In a statement, Carney expressed his excitement about leaving the company, stating that his time at Monzo has been remarkable. During his tenure, Carney helped grow the team to 100 employees across Dublin, Barcelona, and Madrid, expanding Monzo's services in Spain. He added that although he will continue to guide the business alongside the EU leadership team, he is eager to pursue his passion for AI and robotics in assisting people with disabilities. Carney joined Monzo in 2024 as their EU operations leader, before which he served as Europe CEO for Stripe and as a board member at Twitter. Monzo decided to withdraw from the US market in March to concentrate on its growth potential within the UK, which now boasts over 15 million users. The bank achieved a significant milestone in December by obtaining a full European banking license from the Central Bank of Ireland. Monzo launched its services in Ireland in April, with a waitlist of approximately 100,000 users. The company recently invested €83.5 million in its Irish operations, aiming to boost its workforce in Dublin to 70 employees by mid-2027. Currently, Monzo employs 5,275 people and maintains offices in London, Cardiff, and Barcelona.",
  "summary": "Carney’s exit comes just months after group CEO TS Anil was replaced by Diana Layfield. Read more: Monzo’s EU CEO Michael Carney to step down",
  "key_points": [
    "Monzo's EU CEO Michael Carney resigns to pursue AI and robotics venture",
    "Diana Layfield becomes new CEO, succeeding Carney after six years",
    "Monzo focused on UK growth, achieved European banking license in December"
  ],
  "editors_take": "Carney's departure marks a shift in Monzo's EU leadership, allowing him to pursue new interests in AI and robotics while current CEO Diana Layfield continues to steer the company's European growth.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}