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Starling loses another co-founder and CTO

29 June 2016  |  7122 views  |  0 strategy

A year after the departure of four members of its senior leadership team, digital challenger bank Starling has waved goodbye to another founder and chief technology officer following the resignation of Mark Hipperson.

Starling, founded by former AIB chief operating officer Anne Boden, has raised $70 million in financing and is awaiting regulatory approval for its bid to enter the UK banking market.

In February last year, Starling saw the departure of four senior members of its leadership team just three months after emerging from stealth mode, including then CTO Tom Blomfield who went off to found rival challenger Mondo. Reports at the time suggested the resignations were sparked by friction with Boden over strategic direction.

The latest co-founder to jump ship is current CTO Mark Hipperson who was charged with responsibility for the design, build, implementation and support of the bank's IT services platform, apps and infrastructure.

Contacted by FT Alphaville, Hipperson said: “We had a disagreement on the way forward and I therefore decided I would resign.”

He also says that in discussions with regulators following his departure he had offered reassurances that the Starling board and executive team remained "competent and strong".

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