Press release
Target Group hires Monzo’s Griffin as Chief Risk Officer
- Kathy Griffin, previously Director of Compliance at Monzo, joins Target to lead and build out its Risk and Compliance function
- Reporting directly into CEO John Barker, Griffin will be responsible for delivering the right outcomes for customers whilst balancing Target Group’s compliance and risk obligations
- Move follows a change in leadership at Target Group, as the firm looks to double its revenue in three years
Griffin joins from leading UK fintech Monzo, where she held the position of Director of Compliance for the last 18 months. Here, she led the regulatory compliance function, building out the team to manage the ever-changing landscape. She headed up regulatory engagement and created Monzo’s compliance strategy, alongside playing a leading role in its D&I strategy, including mentoring colleagues and championing mental health awareness.
Previously, she held the role of Chief Risk Officer at Earnd (UK) Ltd, where again she was responsible for building out global compliance functions. Here, she tackled pressing issues such as financial crime and anti-money laundering procedures and ensuring compliance on a local and global level.
Kathy’s track record speaks for itself – she’s worked for some of the biggest names in financial services, so I’m delighted she’s on board to help us move into our exciting next chapter. Kathy has incredible experience not just in terms of the UK’s regulatory environment, but internationally too, and she will be front and centre as we look to build out our capabilities in this area. A big advocate for Diversity and Inclusion – something I’m also extremely passionate about, means she’ll be a focal point for our activities, so I’m excited for what we can achieve together.
Griffin added:
Target is entering a new era, following a change in leadership and new senior leadership team. The company is moving in an exciting direction, at pace. I’m delighted to be on board and to add to the diverse voices already in place.
The UK regulatory landscape is changing as we enter a post-pandemic world, one which will be focusing far more on consumer duty, and ensuring that everyone has fair access to the products which are right for them. Add to this the challenging financial environment we find ourselves in, with a cost-of-living crisis engulfing many, an agile approach will no doubt be required over the next few months, so I’m very much looking forward to working with the team and getting started.