Monument Bank, a UK-based digital bank for mass affluent customers, appoints Fiona Pollard as its new chair, succeeding Niall Booker who stepped down last year.
Facts
- Fiona Pollard becomes the new chair of Monument Bank, replacing Niall Booker who left last year to pursue other interests after serving for four years.
- The succession process was completed over the last six months, and Pollard’s appointment took effect from 26th July, pending regulatory approval.
- Pollard was previously an independent non-executive director at Monument Bank and has chaired other companies like Leicestershire’s Melton Building Society. She has also held various roles at Barclays, Daiwa Europe Bank, NatWest Capital Markets, and Goldman Sachs.
- Monument CEO, Ian Rand, praises Pollard’s broad skill set and knowledge of the financial services sector and thanks Booker for his contributions during the licensing and early lending stages.
- Monument Bank targets customers with over £100,000 in assets and obtained its banking license in November 2021 after securing an authorization with restriction (AWR) license from the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in October 2020.
- In December 2021, Monument Bank launched its app and the first suite of savings products. It has also partnered with digital engineering firm Persistent to develop a cloud-native digital banking platform for lending and deposit services.
