Ex-Klarna CEO Marsh takes on Chair role at Salad Money

credit: hxdbzxy/Shutterstock
credit: hxdbzxy/Shutterstock

Credit and lender Salad Money has appointed former Klarna UK CEO Alex Marsh as the Chair of its Board. 

Marsh succeeds Sir Tim Melville-Ross who held the role since Salad Money’s launch in 2019. He brings over 20 years of leadership experience in financial services, with a track record of harnessing technology to drive growth in the fintech and consumer lending sectors. 

As the former UK CEO of Klarna and a Chartered Accountant, Marsh had already been involved with Salad Money in 2023 as a Non-Executive Director. 

In addition to his role at Salad Money, Marsh is a Non-Executive Director of the Centre for Finance, Innovation and Technology (CFIT) and advises several fintech businesses. He is also Chair of Trustees for Charterpath, a charity he co-founded to connect schools and charities with volunteer financial expertise.

Marsh commented on his new role, stating: “Salad is leading the way in tackling financial inclusion through the responsible use of Open Banking data. With an expert team and an innovative technology platform, we have a unique opportunity to level the playing field for UK consumers. 

“I’m excited to support the next chapter of growth, including an ambitious pipeline of new products, tools, and partnerships that will help even more people to build stronger financial futures.

“Sir Tim has steered Salad Money through an extraordinary period of growth, helping the business earn the trust of customers, investors, and regulators alike. I’m immensely grateful for his guidance and support during this seamless transition.”

Marsh assumes the Chair role at a time of growth for Salad Money. Over the past five years, it has lent more than £130m to over 90,000 customers, leveraging Open Banking data to power lending decisions. 

Sir Tim Melville-Ross commented: “I was asked to chair Salad because of my experience as CEO at the Nationwide Building Society, a mutual financial organisation with a social purpose.

“I was particularly impressed by the idea of an organisation that had a strong social purpose in providing affordable loans to people on modest incomes, and the means to do so through Open Banking by lending at rates far below those charged by others. 

“There has been great progress, but we could do even more to address the pernicious effects on society of bad, ugly or no credit for excluded households – and I am thrilled Alex is taking up the role.”