Revolut, the financial company with more than 15 million clients worldwide, 650,000 of them in Spain, has returned to its international leadership with the aim of strengthening its banking operations in various countries. He has announced the appointment of Syed Jagodia as the Banking Director, who will be responsible for leading the launch of Revolut’s international banking operations. “The appointment represents another step towards Revolut’s vision to become the world’s first truly global banking platform and is accompanied by a reorganization of banking operations,” the new bank explains.
Syed Jagodia joined the Revolut team as Chief Banking Officer of PayU, where he held the position of Chief Credit Officer for three years. He has extensive experience in global banking and was part of the Lending Club team for four and a half years, initially as Vice President of Risk Management and later as Chief Investment Officer. Jagodia also spent 12 years at Capital One where he held various positions, most recently being Senior Vice President and Head of Lending for Small and Medium Enterprises.
Jagodia will lead Revolut’s global banking operations with the support of a highly experienced international team. Group banking leadership includes Matt Baxby, CEO of Revolut Australia who served as CEO of International Group Banking on an interim basis until Jajodia was appointed; Baruma Chatterjee, who recently joined as CEO of India; Ron Oliveira, CEO, North America; Yoko Makiguchi, CEO of Japan; and James Shanahan, CEO of Singapore. [Revolut espera anunciar quién será CEO de su banco en Reino Unido después de la aprobación regulatoria]. Jajodia will initially focus on the European Union, the United States and other active markets.
Another signature is Joe Heneghan joining the global banking team in the role of the new CEO for Europe, reporting to the Head of Banking. As CEO of Revolut Bank and Revolut Payments in Lithuania, he will succeed Virgilijus Mirkės, who decided to step down two years after creating, build and operate this business and oversee the migration of 9 million European Revolut customers to the licensing of electronic money in Europe after Brexit. Heneghan will lead these licensed electronic financial and specialized banking entities in Lithuania, and will oversee Revolut’s expansion into the European Economic Area. [El cambio está sujeto a aprobación regulatoria].
As CEO of Revolut Payments Ireland Ltd (RPIL) since 2019, Joe Heneghan has spearheaded the rapid and successful growth of Revolut’s Irish business, a country where the number of customers has doubled to 1.5 million. He has over 25 years of experience in financial services and has held senior leadership positions at Ulster Bank and permanent TSB. His successor will be named soon.
Nick Storunsky, CEO and Founder of Revolut emphasized: “I am pleased to welcome Mr. Jagodia as Chief Banking Officer at Revolut as we advance our plans to launch our banking offering. Sid will lead an exceptional team that can deliver Revolut to clients in multiple markets, accelerating the creation of a truly global bank, which will support our financial retirement.”
“Similarly, I am pleased to announce that Joe Heneghan is the new CEO for Europe, to lead Revolut Bank and Revolut Payments in Lithuania. Joe succeeds Virgilius Merkus who headed two very dynamic years as Revolut progresses towards banking expansion in Europe. We have activated the European Specialized Banking License. We started spreading our banking services in 12 European countries and migrated over 9 million customers from our UK entity, to ensure a seamless service beyond Brexit.At the same time, we welcomed millions of new customers and continued to create and launch innovative new products that made Our customers’ lives are easier. I would like to thank Virgilius for his and his team’s achievements in our European expansion. I know Joe will continue to build on them to ensure our growth in Europe.”
Mr. Jagodia. Meanwhile, he announced: “It is a very exciting time to join Revolut, a business that I have admired from afar for a few years. Continuing to win customers, maintaining focus on innovation and the flow of products that attract customers to Revolut during a global pandemic has been an amazing achievement. There are few companies in the world that Revolut shares her ambition or imagination for the services she wants to offer her clients. I am looking forward to joining this team.”
For his part, Jo Hengan noted: “I am very pleased to have the opportunity to continue to build on Revolut’s achievements in Europe and help drive the business even further, on our way to becoming a truly amazing global financial app. I look forward to continuing to grow Revolut Bank in Europe and launching many more exciting products for our individual and corporate clients. “.
Among Revolut’s goals is growth in Spain, for which it plans to request a banking license, although it has not yet decided when it will do so.