Rob Rooney is leaving Morgan Stanley after more than 30 years to work in financial technology. Rob Rooney spent more than thirty years at Morgan Stanley and is now the CEO of HyperJar.
Rooney joined the board of the digital wallet fintech three months ago. After being CEO of Morgan Stanley International, co-global head of fixed income and most recently global director of technology and operations. He will now be in charge of the fintech.
Rooney said that he had been a “huge fan” of HyperJar and what it was trying to do since he first invested in it a few years ago.
“The closer I get to the team and the product. The more I see HyperJar’s potential to help millions of people and thousands of businesses. Particularly in the current economic climate,” Rooney said.
“Not many opportunities could have tempted me, but I know extraordinary tech when I see it. I’m starting this role full of excitement and confidence in the company’s ambitions and look forward to helping scale it at speed.”
HyperJar was started in 2016 and went live in 2020. It offers customers a digital wallet that helps them keep track of their money in “digital jam jars.”
It says it’s an excellent alternative to credit because it rewards people for planning. It helps them manage their money better.
HyperJar said that the appointment is a “significant step” for the company as it grows its business-to-business and business-to-consumer services.
As part of the new appointments, co-founders Paul Rolles and Mat Megens will take on new jobs as architect, business, and architect, consumer, respectively.
Megens said Rob’s experience is like a CEO’s wish list for this stage of HyperJar’s growth.
“We are incredibly fortunate to have someone with his expertise, network, and reputation.”
Megens and Rolles both worked at Morgan Stanley, so they have known Rooney for a long time.
Megens added that he’s just the right person to help us reach HyperJar’s full potential in the UK and worldwide.
