European digital bank N26 announced the appointment of Dr. Andreas Dombret, Byron Haynes and Dr. Daniel Terberger as new members of its Supervisory Board. They were elected at an Extraordinary General Meeting by shareholders, and will join N26’s Supervisory Board with “immediate effect.”
Andreas Dombret is planned to be elected “as Chair of the Supervisory Board subsequently.”
The firm now intends to expand the supervisory board in the near future. The appointments are subject to “approval by BaFin, the German banking supervisory authority.”
The members strengthen the N26 Supervisory Board with skills and perspectives, adding banking know-how, entrepreneurial experience, capital markets and IPO expertise, as well as professional networks.
Each of the newly appointed members has a track record as a senior executive and as advisor in supervisory and governance roles.
They will serve alongside the three other members of the N26 Supervisory Board, Jörg Gerbig, Déborah Carlson-Burkart and Peter Kleinschmidt – combining finance and banking experience, management and governance expertise as well as sector knowledge.
Marcus W. Mosen, Co-CEO of N26 said that their Supervisory Board brings together a mix of experience from “across banking, regulation, capital markets, and entrepreneurship.”
They added that these perspectives will “complement the strengths of their existing members – ensuring that N26 is guided by a board that is diverse in experience and united in vision.”
Maximilian Tayenthal, Co-CEO and Co-Founder of N26 has said that with the appointment of Dr. Andreas Dombret, Byron Haynes, and Dr. Daniel Terberger, they welcome “three leaders to their Supervisory Board.”
Dr. Andreas Dombret, designated Chair of N26’s Supervisory Board said that N26 holds potential to “continue on its path as an innovator in banking in Europe.”
They also mentioned that as they are “about to step into this new role, I look forward to working with the members of N26’s Management and Supervisory Boards to strengthen the company’s governance and ensure that N26 continues to create long-term value.”
As noted in the update from N26, Dr. Andreas Dombret is an experienced banker and financial professional.
After a career in the financial industry, he served “from 2010 to 2018 on the Executive Board of the Deutsche Bundesbank, overseeing banking supervision, financial stability and international affairs.”
Previously, he held senior roles “at Deutsche Bank, JP Morgan, Bank of America and Rothschild.”
At present, he reportedly advises Oliver Wyman and FIs while teaching “at Columbia University and the European Business School.”
Byron Haynes is Chair of the General and Supervisory Board at Novo Banco, Portugal, overseeing the bank’s “strategic direction and governance.”
With experience in banking, he had also previously served “as CEO of Austria’s BAWAG and held senior roles at ABN AMRO and RBS.”
A Chartered Accountant by training, he holds a degree in “Accountancy and Finance from a London University.”