Charlotte Crosswell steps down as CFIT chair

Source: CFIT

Charlotte Crosswell OBE has taken the decision to step down from her position as Chair of the Centre for Finance, Innovation and Technology (CFIT). Founding board member Madush Gupta will step in as Acting Chair until a new permanent chair is appointed.

Stephen Ingledew OBE will take up the role of Senior Independent Director (SID), continuing to bring valuable strategic insight to CFIT’s governance, alongside serving Non-Executive Director, Alex Marsh, who has significant Board, unicorn fintech and start-up experience.

CFIT chair Charlotte Crosswell

Under Charlotte’s leadership, CFIT has successfully navigated its foundational phase, establishing a strong cross-industry presence and delivering impactful coalitions on Digital Verification and Open Finance. CFIT has become the Government’s principal delivery body for innovation in financial services, sitting at the heart of its growth-led industrial strategy.

Charlotte joined CFIT with a mandate to establish CFIT as a pioneer enabler of financial innovation and CFIT has proven its impact, securing industry and government funding to help take forward a third coalition on SME Finance and further coalitions, which are currently in the development stage.

Founding board member and CFIT acting chair, Madush Gupta, said: “Charlotte was named CFIT’s founding Chair in January 2023 and under her stewardship CFIT has made great strides towards realising the ambitions of the Kalifa Review of UK Fintech to enhance the UK’s position as a global leader in financial innovation.

“Charlotte has decided that now is the right moment for her to focus on other projects, and she leaves CFIT well-positioned for continued growth and success as it works to support the Government’s industrial growth agenda. We are grateful for the commitment and dedication she has shown, and wish her the best for the future.”

Further reading: Charlotte Crosswell joins Raidiam as executive chair