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Treasury-backed fintech body snaps up former Klarna UK boss

Klarna fintech body
Alex Marsh. Image credit: Klarna

Klarna’s former UK boss, Alex Marsh, has joined the board of the Treasury-backed fintech body, the Centre for Finance, Innovation and Technology (CFIT).

Marsh, who ran BNPL firm Klarna’s UK operations from 2020 to May of this year, will join the board of the fintech body, where he will support the growth of the UK fintech industry.

“I am very excited to be part of the team and fully support CFIT’s mission to bring together the best minds from the ecosystem across the UK and help to drive better outcomes for consumers and SMEs in the UK,” said Marsh.

“My experience in scaling up the UK arm of payments disruptor Klarna will bring significant benefits to the CFIT team and first hand, deep understanding of what is needed to help unblock barriers for growth for financial technology firms.”

In an interview with City A.M., Marsh said his top priority within his new role as a non-executive director of CFIT is increasing the talent pool of the industry and encouraging people of all backgrounds to get involved.

Leeds-based CFIT was established earlier this year with the support of HM Treasury as a response to the Kalifa fintech review of 2021, which recommended the creation of an industry body to capitalise on the recent success of the UK fintech industry.

Charlotte Crosswell OBE, chair of CFIT said: “Alex brings significant experience of working within startups and scaleups, understands the barriers they face and has great financial and risk management expertise, which is crucial to us as a publicly funded body.”

In addition to Marsh, CFIT has appointed Stephen Ingledew, the chairman of FinTech Scotland, as a non-executive director.