Monument Board Appoints Michael Morley to its Board

Monument (the bank), the UK’s pioneering cloud-native bank dedicated to serving the mass affluent, today announces the appointment of Michael Morley as Board Member, on the 25th of February.

Michael brings over 30 years of executive and board experience in international services.  He has been serving as an independent Non-Executive Director with Hargreaves Lansdown PLC in the UK since 2022 and with Deutsche Bank in Spain and in Switzerland. He was previously CEO of Coutts and Co and of Deutsche Bank’s UK wealth management business. 

He also serves as Chair of Centre for Mental Health, the leading independent research organisation for mental health in the UK and is a Director of Walpole British Luxury.  

Michael will play a pivotal role in elevating Monument’s mass affluent offering by bringing his strong expertise in the high-net-worth sector – helping the bank to offer high quality services that are often reserved to private banking clients.

Since launch Monument has been on an exceptional growth journey. In December 2024, Monument announced a new milestone of reaching £5 billion in client deposits. This amounts to an increase of 400% in the past 12 months, and over 2,000% in the past 18 months. The announcement was followed by a successful product expansion, with the launch of their Cash ISA, and their Membership offering.

Ian Rand, Chief Executive Officer of Monument said:“Michael’s deep experience in private banking and wealth management is a huge asset to Monument. His expertise will help us bring high end services that are usually reserved for private banking clients to the mass affluent. 

We are focused on helping our clients make the most of their money. That means hiring the right senior talent to deliver the expertise they expect.” 

Michael Morley adds:“I am delighted to be joining the Monument Board at this exciting moment in the Bank’s journey and am much looking forward to helping the team to build and grow a distinctive savings and investment offer for the UK affluent segment.”