Revolut appoints senior APAC executives
The budgeting app provider has appointed Xinja’s former treasurer, and a CEO from India, to “prepare” for their APAC expansion.
Revolut has appointed the former treasurer of the now closed neobank Xinja, Rebecca Greenhalgh, as regional treasurer for the Asia-Pacific region.
At the same time, the provider of payment and financial management applications appointed Paroma Chatterjee as CEO in India.
According to Revolut, Ms Greenhalgh’s appointment would support its growing focus in the APAC region. In her role, Ms. Greenhalgh will oversee the development and implementation of strategies to optimize capital, liquidity and funding allocation for the region.
Ms Greenhalgh was previously Treasurer of Xinja (which recently ceased operations after the Australian Prudential Regulation Authority [APRA] revoked his license).
Previously, she was Director, Pricing and Performance (Consumer Banking) at Westpac Group, and Associate Director, Structured Asset Finance (Debt Markets) at National Australia Bank (NAB).
Ms. Chatterjee was previously Chief Commercial Officer of online travel company Via.com and Director of Market Operations for e-commerce company and online store Flipkart in India.
She was also previously Managing Director, Head of Marketing, Corporate Affairs at telecommunications service provider Airtel.
Revolut said the appointments followed recently announced plans by fintech to enter markets in India, New Zealand, Indonesia, South Korea and the Philippines.
Commenting on the appointments, Revolut Australia CEO and Interim World Bank CEO Matt Baxby said he was pleased to welcome Ms Greenhalgh and Ms Chatterjee as the fintech company expands its reach in the APAC region .
âAs our presence in the APAC region grows, we seek to have experienced and knowledgeable leaders installed locally, which is why the appointments of Ms. Greenhalgh and Ms. Chatterjee are critical steps in our continuing mission to become the world’s first truly global financial super-app, âhe said.
Ms. Greenhalgh also spoke about her appointment, saying: âI am delighted to join the Revolut team in its continued expansion in the APAC region. It’s exciting to be part of a fintech that’s at the heart of a major transformation in the financial industry, and I can’t wait to see the way ahead.
Ms Chatterjee said she was thrilled to join Revolut and be part of the âjourney of growthâ.
âIn a country that presents one of the greatest opportunities in the world for Revolut. I look forward to building and working with an exceptionally talented team as we continue to develop financial solutions for millions of consumers in India. “
Revolut was officially launched in Australia in August of last year, with the release of its currency and budget management app.
After launching in beta in 2019 and receiving an exemption from the Australian Securities and Investments Commission (ASIC) to distribute prepaid cards and money transfer services to clients without holding an AFS license to provide services financial. He received his Australian Financial Services License in April 2020.
Australia’s fintech branch announced last year that all 30,000 people on its waiting list could download its payments and financial management app to an iOS or Android smartphone.
Revolut was launched in the UK in 2015, where it offered money transfer and exchange. It has teams in Australia, Singapore and Japan in the Asia-Pacific region. It has a global team of over 2,000 people in 23 offices, headquartered in London.
Mr Bixby was appointed CEO of Revolut Australia in February 2020, while Scott Jamieson was appointed Chief Compliance Officer and Michael Hendricks was appointed Chief Risk Officer.
It has 15 million customers worldwide and performs 100 million transactions per month, the fintech said.
[Related: Revolut appoints first Australian CEO]
Malavika Santhebennur is the Mortgage Securities Reporting Editor at Momentum Media.
Prior to joining the team in 2019, Malavika held positions at Money Management and Benchmark Media. She has been writing about financial services for six years.