Sujata Bhatia Steps Down As Monzo’s Chief Operating Officer After Five Years

Monzo’s Chief Operating Officer, Sujata Bhatia, is leaving the UK-based digital bank after five years. She didn’t say what’s next for her but shared how proud she is of what the company has achieved during her time there. Her exit comes as Monzo is growing fast and gearing up to expand into Europe next year.

Bhatia played a big role in helping Monzo become profitable, which is a huge deal for a digital bank. Under Chief Executive Officer TS Anil, Monzo has strengthened its financial position and kept growing.

Bhatia Bids Farewell As Monzo Grows And Expands Into Europe

Looking back on her time at the company, she said there was never a good time to leave a company that was doing well and has very smart people pushing it forward. However, that was exactly why it felt like the right time, she added. Bhatia said she felt very proud of what they did in the last five years.

Monzo is worth $5.9 billion and has over 10 million customers. The company is growing fast in online banking and now wants to move into Europe. Boss TS Anil thanked Bhatia for her work and said she has been an incredible force over the past five years.

He also said he wanted to thank her for everything she has done to help Monzo succeed. He added that she was leaving with all their love and gratitude as she moved on to her next adventure.

Before Monzo, Bhatia spent almost 16 years at American Express, working in various senior roles. Her background in finance and strategy will help shape Monzo’s operations and growth. While she hasn’t revealed her next steps, it’s likely she’ll stay in the financial world.

Monzo Grows Stronger While Preparing For Leadership Changes And Expansion

Monzo has expanded significantly. The bank now serves more customers, has a higher value, and manages its finances more effectively. The journey was not always smooth—there were regulations to meet and financial challenges in the past—but now Monzo is generating profit and competing with traditional banks, the company revealed.

With Bhatia leaving, questions arise as who will fill her spot and what the future holds for the company. No replacement has yet been selected by Monzo. However, the firm looks forward to its expansion plans while keeping things safe and steady.

For now, Monzo wants more customers and better ways to help them. It is going to new places and picking new leaders, so the next months will be very important. Customers and helpers will watch to see how Monzo keeps going strong.