Published by Global Banking & Finance Review®
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleMonzo shareholders are pushing to reinstate former CEO TS Anil and remove chair Gary Hoffman, citing leadership concerns. Accel and Iconiq are leading the charge.
Dec 17 (Reuters) - Some shareholders of British mobile bank Monzo are pushing to bring back the company's former CEO TS Anil and oust its chairperson Gary Hoffman, Financial Times reported on Wednesday.
Venture capital firms such as Accel and Iconiq have joined forces and hired lawyers as they push for greater shareholder representation on the board after Anil's exit was announced in October, the report said, citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Mihika Sharma in Bengaluru; Editing by Janane Venkatraman)
Venture capital is a type of private equity financing that provides funding to startups and small businesses with long-term growth potential in exchange for equity, or ownership stake.
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability and transparency in the company's operations.
A shareholder is an individual or institution that owns shares in a company, giving them a claim on part of the company's assets and earnings.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, often leading to a loss of confidence in the financial system and potentially resulting in widespread economic instability.
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