German digital bank N26 appoints Carina Kozole as its new Chief Risk Officer (CRO) and Managing Director of N26 AG, with extensive experience in risk management and financial regulations.
Facts
- N26 has named Carina Kozole as its new Chief Risk Officer (CRO) and Managing Director of N26 AG.
- Kozole takes over the role from Jan Stechele, who served as interim CRO since April 2023 after the departure of the previous CRO, Thomas Grosse, for personal reasons.
- Stechele will continue as a Managing Director and collaborate closely with the Chief Risk Officer on anti-money laundering and compliance matters.
- Kozole has 17 years of experience at UniCredit Group, holding several senior positions, including Senior Vice President and Head of Credit Risk Operations.
- She has extensive experience working with financial regulators across Europe, Asia, and the Americas and will be responsible for risk management at N26.
- N26 CEO Valentin Stalf highlights Kozole’s comprehensive expertise and experience in risk management and compliance.
- N26 has experienced several changes to its C-suite recently, including the replacement of the CFO and COO, and the departure of the Chief Growth Officer.
- The appointment of Kozole follows reports of Germany’s financial regulator, BaFin, extending measures to combat money laundering at N26.
- N26 also announced job cuts, reducing around 4% of its total workforce back in May.
