Layfield joins Monzo from previous roles in Google and Standard Chartered.

Digital banking giant Monzo has tapped an Astrazeneca board member as its new chief executive as the firm lays the ground for a blockbuster public listing.

The London-based fintech is set to replace TS Anil , who has led the bank for the last five years, with Diana Layfield.

Anil will step down as part of the leadership change, which comes as Monzo prepares for a highly-anticipated IPO.

The former chief said: “There’s never a right time to step away from an incredibly special company that’s so close to your heart”

Anil added “great leaders make way for others” and said the “business will continue to go from strength-to-strength under Diana’s leadership”.

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