Monzo chairman Gary Hoffman to step down after seven years at the digital bank

Hoffman, pictured, best known for being put in charge of Northern Rock after its government rescue during the financial crisis, will quit in early September.

Digital bank removed TS Anil as chief last year before reinstating him to board after investor rebellion

The banking industry veteran who helped steer Northern Rock back towards private sector ownership after its government rescue is handing over the reins at Monzo, the neobank which now ranks among Britain's most valuable lenders.