N26, The Cell Financial institution, at the moment introduced the appointment of its new group Supervisory Board because it continues to evolve its governance constructions in preparation for the subsequent levels of growth.
The newest appointments will see Marcus W. Mosen, Jörg Gerbig, Dr. Barbara Roth, Dr. Julian Deutz and Dr. Robert Kilian tackle roles as members of N26’s Supervisory Board, working in shut collaboration with N26’s senior administration and Government Management Crew.
• Marcus W. Mosen brings greater than 20 years of administration, strategic development, and management expertise in funds and fintech and is the previous CEO of funds firm Concardis. He has additionally held govt roles at Ingenico, Ogone, Easycash and First Information. In addition to being a fintech investor, he’s a board member at varied fintech startups and a senior advisor to enterprise capital companies. Marcus would be the Chair of the Supervisory Board.
• Jörg Gerbig is the Chief Working Officer of Simply Eat Takeaway.com and founding father of Lieferando, bringing with him wealthy expertise in scaling quick rising companies within the digital area. He’ll maintain the place of Vice-Chair of the Board.
• Dr. Barbara Roth is Head of Group Inside Audit at Deutsche Börse. With over 20 years of expertise as lawyer and supervisor in banking, capital markets, and M&A, she was additionally Government Vice President and Chief Compliance Officer at UniCredit Financial institution AG, the place she joined from worldwide legislation companies. Barbara will Chair the Regulatory Committee of the Board.
• Dr. Julian Deutz, Chief Monetary Officer of Axel Springer SE, joins the board with a long time of expertise in finance and accounting, company controlling, M&A and investor relations, and can be a part of because the Chair of the Board’s Audit & Threat Committee.
• Dr. Robert Kilian is the founding father of the software program firm Beams and a lecturer in regulation and entrepreneurship at Humboldt College of Berlin. A lawyer by background, he specialised in M&A at worldwide legislation agency Hengeler Mueller earlier than becoming a member of N26 as Chief Consultant and Basic Counsel till July 2020. He was additionally a member of the FinTech Council on the German Federal Ministry of Finance and founding President of the European FinTech Affiliation. Robert joins because the Chair of each the Board’s Nomination Committee and Remuneration Committee.
Alongside this, N26’s firm construction will convert from a German Restricted Legal responsibility Firm (Gesellschaft mit beschränkter Haftung – GmbH) to a German Inventory Company (Aktiengesellschaft – AG), paving the way in which for N26 to grow to be an European Firm (Societas Europaea – SE) sooner or later. This displays N26’s development to this point and its place because the main digital financial institution in Europe, while additionally giving N26 the flexibleness to proceed pursuing its technique because it scales.
N26 has additionally been granted a Monetary Holding Licence by BaFin, one of many first monetary know-how companies in Germany to realize this on prime of being a totally regulated and licensed financial institution. This represents an vital step within the entirety of N26’s operations.
Chair of N26’s new Supervisory Board Marcus W. Mosen, stated:
“Having accompanied N26 since their inception, it has been a journey of innovation and development that has captured the eye of among the world’s most well-known traders. As adoption of digital banking accelerates and extra clients change to extra versatile and seamless types of monetary companies, N26 is defining new requirements on this class. I look ahead to supporting them additional as they work in the direction of their imaginative and prescient to be a pacesetter in digital banking.”
Chair of the Board’s Regulatory Committee Barbara Roth, added:
“As a digital disruptor, N26 gives the innovation of a know-how chief with the credibility and accountability of a regulated monetary establishment. However greater than that, it has the thrilling problem as a pioneer to additionally play a job in shaping requirements and sharing future-focused greatest practices for the banking trade within the digital age.”
Commenting, Chair of each the Nomination and Remuneration Committees Robert Kilian, stated:
“I’m excited to be again on board at N26 and to work intently with the skilled administration group. The members of N26’s new Supervisory Board are trade consultants, bringing in depth expertise and sector information to the desk. I look ahead to the progress we can make collectively.”