The Board of Mox Bank Limited has confirmed the appointment of Barbaros Uygun as the Chief Executive Officer of Mox and Executive Director of the Board “with effect from 27 September 2021.”
After establishing a solid foundation for Mox over the past 3 years, Deniz Güven will be stepping down as CEO of Mox and Executive Director of the Board, “with effect from 27 September 2021, to pursue a new business venture.” He will be serving as a special advisor to Standard Chartered “on a number of important digital initiatives.”
The announcement also mentioned that Barbaros is “a proven leader with a wealth of experience in digital banking and transformation, bringing over 24 years of banking experience spanning business management and strategy, marketing, product development and digital transformation.”
He was previously working as the CEO of ING Bank Austria, where he was responsible for transforming the bank from one that was mainly focused on savings into “a full-service digital bank.” Prior to this role, Barbaros held various leadership positions in ING Bank and Garanti Bank BBVA.
He helped with transforming and digitalizing the retail business of ING Bank in Turkey, “delivering sustainable profitability and materially growing its profit base.” Barbaros also led “the establishment of a full-service digital bank within Garanti Bank BBVA, which resulted in an exponential growth in its customer base,” the announcement noted.
Mary Huen, Chairperson of Mox, stated:
“Mox continues to grow significantly as we move forward on our journey. I am delighted that Barbaros, a proven leader with a track record in digital banks, will be joining us. He brings substantial experience and skills in digital banking and financial services to drive Mox’s next growth phase.”
Mary added:
“Deniz has made an immense contribution, building Mox from the ground up. Under his leadership, Mox has secured our virtual banking licence, launched multiple innovative services, won the heart share of over 170,000 customers and become one of the highest-rated financial apps in Hong Kong.”
Barbaros Uygun remarked:
“Deniz and the team have built Mox into one of the most amazing digital banks around the world. I look forward to working with Mary, the Board, our JV partners and all Mox staff to take Mox to the next level and continue to win the trust and hearts of our customers.”
Deniz Güven said:
“It’s been a privilege to build Mox. I want to thank our customers, regulators, Moxsters, and the Board for their continued support over the past three-plus years, and I will remain connected with Standard Chartered. I am delighted that a banker of Barbaros’s calibre will lead Mox in its next chapter of growth.”
The Board would like to “express its sincere gratitude to Deniz for his leadership at Mox and congratulate Barbaros on his appointment.”