Charlotte Crosswell has resigned from her position as the chair of CFIT.
The Centre for Finance, Innovation and Technology (CFIT) has announced significant changes in its leadership team, with Madush Gupta stepping in as acting chair following the resignation of Charlotte Crosswell OBE. Crosswell, who joined CFIT as the founding chair in January 2023, has left the organisation to focus on other projects.
Gupta, a founding board member, will serve as Acting Chair until a new permanent chair is appointed. In his statement, Gupta praised Crosswell's leadership, stating, "Under Charlotte's guidance, CFIT has established a strong cross-industry presence and made significant strides towards becoming a pioneer in financial innovation."
Crosswell's tenure at CFIT saw the organisation become the Government's principal delivery body for innovation in financial services and deliver impactful coalitions on Digital Verification and Open Finance. CFIT's work continues to support the Government's industrial growth agenda.
Anna Wallace has been appointed as the new CEO of CFIT, with Gupta describing her as “the ideal candidate to lead CFIT through its next chapter with its newly adopted hybrid model, simultaneously running publicly and privately funded coalitions.”
Stephen Ingledew OBE will take up the role of Senior Independent Director (SID) at CFIT, bringing his wealth of experience to the organisation. Alex Marsh will also join the Board as a Non-Executive Director, bringing Board, unicorn fintech, and start-up experience.
CFIT has secured industry and government funding to support a third coalition on SME Finance and further coalitions in development. The organisation is at the heart of the Government's growth-led industrial strategy and is well-positioned for continued growth and success under its new leadership.
Charlotte Crosswell OBE has moved to Raidiam as the executive chair, according to further reading. Crosswell expressed gratitude for her time at CFIT, stating, "I am incredibly proud of what we have achieved together, and I am confident that CFIT will continue to thrive under its new leadership."
[1] CFIT Press Release, "CFIT announces new CEO", link
[2] CFIT Press Release, "CFIT delivers impactful coalitions on Digital Verification and Open Finance", link
[3] CFIT Press Release, "CFIT becomes the Government's principal delivery body for innovation in financial services", link
[4] CFIT Press Release, "Madush Gupta appointed acting chair of CFIT", link
- The Centre for Finance, Innovation and Technology (CFIT) is set to continue its growth and success under new leadership, with Madush Gupta stepping in as acting chair and Anna Wallace joining as the new CEO.
- Anna Wallace, described as the ideal candidate, is poised to lead CFIT through its next chapter with its newly adopted hybrid model, simultaneously running publicly and privately funded coalitions.
- CFIT has secured industry and government funding to support a third coalition on SME Finance and further coalitions in development, putting it at the heart of the Government's growth-led industrial strategy.
- After delivering impactful coalitions on Digital Verification and Open Finance during her tenure at CFIT, Charlotte Crosswell OBE has moved to Raidiam as the executive chair, expressing gratitude for her time at the organization.
- The strategic moves made under Charlotte Crosswell's leadership, such as becoming the Government's principal delivery body for financial services innovation, positioned CFIT as a global fintech leader fostering open banking and data-driven governance in finance and business.
