UK challenger bank Monzo has appointed Conor Walsh, former head of global product at Square’s Cash App, as its new US CEO as part of its renewed push into the US market.
Walsh will be responsible for executing Monzo’s US strategy, driving product development, and facilitating growth in the American market.
Monzo had initially applied for a US banking license in April 2020 but withdrew its application in October 2021.
The bank aims to make a successful entry into the competitive US market with Walsh’s appointment.