Boden, who owns 4.9% of the bank she founded in 2014, said she would step down at the end of June following discussions with the board about the risk of a conflict. She added that UK regulators had not raised her stake in the bank as an issue.
Boden is the latest in a long line of UK fintech bosses to leave their positions including Tom Blomfield, who founded rival Monzo, and Wise co-founder Taavet Hinrikus, who stepped down as chair of the payments company to strengthen its governance ahead of its 2021 public listing. Chief operating officer John Mountain will take over as interim chief executive when Boden leaves, said Starling, as it reported a record six-fold increase in pre-tax profits to £195mn in the year to March 2023 while revenues more than doubled to £453mn.
https://www.ft.com/content/df388938-2b3f-4b1f-8cc9-cb38f9648cdd