Anne Boden

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Anne Elizabeth Boden

MBE
Anne-Boden-2.jpg
BornJanuary 1960 (age 61)
Swansea, Wales
NationalityWelsh
Alma materSwansea University
OccupationCEO and founder of Starling Bank
3 minute Welsh Government video of Anne Boden introducing herself and Starling Bank; July 2020.

Anne Elizabeth Boden MBE (born January 1960) is a Welsh tech entrepreneur. She is the founder and CEO of Starling Bank,[1] a UK mobile-only bank. In 2018, she received an MBE for services to financial technology.[2]

Early life[]

Boden was born in Bon-y-maen a suburb of Swansea, the daughter of a steelworker and a department store worker.[1] She was a pupil at Cefn Hengoed Comprehensive and graduated from Swansea University in 1981[3] with a degree in Chemistry and Computer Sciences.[4] After the financial crisis, Boden sold the house in Swansea where she spent her weekends, in order to raise funds and hire staff at her company.[4]

Career[]

After graduating, she had intended to go into IT but, as a backup plan, applied for a job as a graduate trainee with Lloyds Banking Group,[3] where her career was launched.[4] This was followed by spells at Standard Chartered Bank, UBS, and as Chief Information Officer at AON Corporation.[5] Boden later joined ABN AMRO and RBS, serving as Head of EMEA and as head of Global Transaction Banking.[5] At the group, she ran a payments business across 34 countries.[6]

Boden earned her MBA from Middlesex University in 1990 while working for Standard Chartered.[7] In 2011 she served on the Board of Governors of Middlesex University, which awarded her an honorary doctorate degree in July 2018.[8]

She joined Allied Irish Banks in 2012 as Chief Operating Officer[9] to help turn round the bank's fortunes after the financial crisis of 2008.[10]

In 2020 Boden became a member of the board of the trade association for the UK's banks and financial services companies, UK Finance, and also an advisor to the UK government's Board of Trade.[11]

Starling Bank[]

Boden founded her online banking business in June 2014, originally named Possible Financial Services,[12] with the tagline "Bank Possible". Her objective was to create an entirely on-line bank that gave easier feedback to customers.[11]

In February 2015, Tom Blomfield the founder of rival neo-bank Monzo resigned from Starling Bank. Boden subsequently fired every member of staff. All thirteen of them went on to set up Monzo and she was the only one left at Starling. [13] The other four directors left with him.[11]

The company rebranded as Starling in January 2016,[12] and received its UK banking licence that year.[14] The Telegraph described the company as "the Amazon of banking" after it received multiple investments from Austrian-born billionaire Harald McPike.[15]

Boden lost her position as majority shareholder in Starling in July 2019 after a large investment from McPike during a series C funding round in February.[16] McPike has to date invested £75m (for a 60% stake) in the company, followed by a £50m share held by Merian Global Investors.[16] The company has raised £233m to date.[16] Boden now holds approximately 25% of the company.[16] The bank currently (Jan 2020) has a reported 275,000 customers in the UK.[5] Boden is a member of Tech Nation's FinTech Delivery Panel[5] and has spoken at industry events such as Money20/20 and Wealth 2.0.

References[]

  1. ^ a b Driscoll, Margarette (2019-10-08). "Anne Boden, Starling CEO, on how she went from banker to fintech entrepreneur in midlife". The Telegraph. ISSN 0307-1235. Retrieved 2020-01-26.
  2. ^ "The 38 coolest women in UK tech". Business Insider. Retrieved 2018-10-08.
  3. ^ a b "Anne Boden". Sail: 9. 2020.
  4. ^ a b c Dickins, Sarah (2018-03-08). "Steelworker's daughter who started a bank". BBC News. Retrieved 2018-09-18.
  5. ^ a b c d "Anne Boden". Forbes. Retrieved 2020-01-26.
  6. ^ "The Future of Fintech: Advisory Board Meeting". The Telegraph. 2017-04-27. ISSN 0307-1235. Retrieved 2018-09-18.
  7. ^ www.bloomberg.com https://www.bloomberg.com/profile/person/18031049. Retrieved 2020-01-26. Missing or empty |title= (help)
  8. ^ "David Blunkett, Imogen Heap and Chief Rabbi Ephraim Mirvis among Middlesex's new set of influential and inspiring honorary graduates". www.mdx.ac.uk. Retrieved 2018-10-08.
  9. ^ "A dynamic response to digital challenges – HCL Technologies". www.banking-gateway.com. Retrieved 2020-01-26.
  10. ^ "Setting up bank easier than fixing broken system, says ex-AIB chief". The Irish Times. Retrieved 2018-09-18.
  11. ^ a b c Moore, Anna. "It's crazy, but I started my own bank': the story behind Starling". The Guardian. Retrieved 12 November 2020.
  12. ^ a b "STARLING BANK LIMITED - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2020-01-26.
  13. ^ "| YouTube: Monzo CEO On Death Threats, Depress & Digital Banking". www.youtube.com. Retrieved 2021-09-15.
  14. ^ Wallace, Tim (2016-07-14). "Mobile-only bank Starling wins its licence". The Telegraph. ISSN 0307-1235. Retrieved 2018-09-18.
  15. ^ Burn-Callander, Rebecca (9 October 2018). "Starling is now the Amazon of banking. Come get an account" – via www.telegraph.co.uk.
  16. ^ a b c d "Revealed: Starling Bank chief's stake slides as billionaire backer tightens grip". CityAM. 2019-07-01. Retrieved 2020-01-26.

External links[]

Media related to Anne Boden at Wikimedia Commons

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