UK-based fintech HyperJar has appointed the former head of Morgan Stanley International as its new CEO.
Rob Rooney, who has served in numerous roles over his 30 years at the major US investment management firm, will be running HyperJar as it looks to scale its business.
“The closer I get to the team and the product the more I see HyperJar’s potential to help millions of people and thousands of businesses, particularly in the current economic climate,” said Rooney.
“Not many opportunities could have tempted me, but I know extraordinary tech when I see it. I’m starting this role full of excitement and confidence in the company’s ambitions and look forward to helping scale it at speed.”
At Morgan Stanley, Rooney held the position of global head of technology, the co-global head of fixed income, and the CEO of Morgan Stanley International.
“Rob’s experience represents a CEO wish list in human form for this stage of HyperJar’s growth,” said Mat Megens, co-founder of HyperJar.
“We are incredibly fortunate to have someone with his expertise, network, and reputation. He’s exactly the right person to work with us on fulfilling HyperJar’s potential in the UK and globally.”
Megens, along with fellow co-founder Paul Rolles will be taking on new roles within the company as Rooney steps in as the CEO,
The London-based firm provides digital wallets to customers, offering money management features to organise finances in what it calls “digital jam jars”.
HyperJar was founded in 2016 and launched its digital wallet service in 2020. The company offers both business-to-consumer (B2C) and business-to-business (B2B) products.