Published: December 18, 2025 at 9:04 am
A shareholder revolt at Monzo could yet see TS Anil continue as CEO beyond February 2026 and oust Gary Hoffman as chair.
According to insiders quoted by the Financial Times, investors Accel and Iconiq have hired lawyers to look into ways to reverse the decision to replace Anil and oust Hoffman, who has chaired Monzo since 2019. The revolt is said to have the backing of investors holding more than 40% of the company’s shares.
They are also said to want greater representation on the board, with Eileen Burbidge the only investor currently represented.
The development comes as Monzo secures a European banking licence to expand on the continent.