N26 Appoints Richard Groeneveld as new CFO and CRO of N26 Bank GmbH

Berlin- N26, The Mobile Bank, announced today the appointment of Richard Groeneveld as Managing Director of N26 Bank. He is responsible for the functions of Chief Financial Officer (CFO) and Chief Risk Officer (CRO) and together with the Managing Director and CEO Markus Gunter, will lead and shape the future of N26 Bank GmbH. Richard Groeneveld succeeds Matthias Oetken, who has moved on to take up a new professional challenge.

Richard Groeneveld possesses many years of proven expertise in the banking and FinTech industries. Formally, he held the position of Chief Operating Officer of DVB Bank for over 10 years, where he was also a member of the Group Audit Committee. He has been successfully responsible for operations and business processes, transaction services, IT and digitization, new products, the implementation of compliance guidelines as well as for the implementation of regulatory requirements and banking regulations across multiple locations worldwide. Richard Groeneveld is a Chartered Accountant and Operational Auditor, most recently as a Financial Services Management Consultant, Board Member and Investor in Start-ups and Senior Advisor at renowned Financial Services consultancies.

Maximilian Tayenthal, co-founder and CFO of N26 GmbH, says: "We are very pleased to have Richard join N26. He has an impressive track record in process improvement, risk management and process control, which will ideally strengthen and advance us in the highly relevant area of process scalability and security."

Richard Groeneveld, designated CFO and CRO of N26 Bank, adds: "There is probably no bank more exciting than N26 at the moment. I am delighted to be able to bring my expertise and vision to help in shaping the future of N26 Bank, setting new standards and being part of N26's success story."

N26 Press Contact press@n26.com

About N26

N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.

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