Germany-based Challenger bank N26 is set to appoint Thomas Grosse as the firms new chief banking officer (CBO).

The newly introduced role will see Grosse manage the set-up of regulated N26 banks and other bank partnerships within the Group.

N26 described the hire as “yet another step towards realising N26’s ambition to become the first truly global and fully digital retail bank.”

Grosse will begin his tenure this October reporting directly to N26’s co-founder and CFO, Maximilian Tayenthal.

“Thomas is an important addition to the team as we look to the future of N26. With our recent entry into the US market, N26 is just at the beginning of our journey to being a truly global bank,” commented Tayenthal.

“With his deep experience and proven track record in both tech and banking, Thomas is a perfect fit for N26. We are very happy to have him on board to support us in building a bank the world loves to use.”

Grosse boasts an impressive background holding roles as a senior executive at Google, member of the Board at Wüstenrot Bank AG and a director at Deutsche Bank.

In his role as industry leader banking at Google Germany, Thomas was responsible for cooperation and partnerships with German banks and fintechs, and closely involved in the market rollout of Google Pay. 

These leadership-based roles and experiences places him in “prime position” with N26’s aims of further international expansion.

“This is a hugely exciting time for the industry, where the worlds of banking, technology and innovation are converging to give people the power to live and bank their way,” added Thomas Grosse

“N26 is at the forefront of this, and I am thrilled to join them in their effort to deliver the most flexible banking experience in the world.”
Fellow UK-based challenger bank Monzo recently hit a £2bn valuation milestone.