Starling Bank CEO Anne Boden is to step down on June 30
After nine years since its inception, Anne Boden, the founder of Starling Bank, one of the prominent digital banks in the United Kingdom, has decided to resign from her position as CEO. Starling Bank experienced significant growth during this period, as reflected in its impressive financial results.
In the fiscal year ending on March 31, 2023, the bank recorded annual revenue of £453 million ($600 million), surpassing the previous year’s figure and more than doubling its growth. Moreover, Starling Bank achieved a remarkable sixfold increase in pre-tax profits, amounting to £195 million. Notably, Anne Boden retains a 4% ownership stake in Starling Bank.
Starling Bank has initiated a worldwide quest to find a new CEO and in the meantime, the position will be temporarily filled by John Mountain, the bank’s chief operating officer who has been an integral part of the organization since 2015. Supported by the esteemed U.S. investment banking powerhouse, Goldman Sachs, Starling Bank has emerged as one of the leading fintech companies in the United Kingdom. It boasts an impressive customer base of 3.6 million users.
In terms of funding, Starling Bank has successfully raised a total of £946.5 billion from notable investors such as Goldman Sachs, Fidelity, and the Qatar Investment Authority. The bank’s most recent valuation stands at £2.5 billion.
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