Revolut’s Irish customer base has doubled to 1.5 million since Joe Heneghan was appointed CEO of Revolut Ireland in late 2019. Leading the company’s European operations, he will report to the newly appointed Chief Banking Officer, Sid Jajodia.
Revolut has announced that the CEO of its Irish operations is taking on a new role leading its banking operations across Europe.
Joe Heneghan will join Revolut’s global banking team in the new role of Chief Executive Officer Europe and will report to the chief banking officer.
As CEO of Revolut Bank and Revolut Payments in Lithuania he will succeed Virgilijus Mirkės who is stepping down after almost two years of leading Revolut's operations and European banking expansion.
Upon regulatory approval Mr Heneghan will lead Revolut’s specialised bank and e-money institution licenced entities in Lithuania and oversee Revolut’s further expansion in the European Economic Area.
Impressive growth in Irish market
Since being appointed CEO of Revolut Ireland in 2019 Heneghan oversaw the successful growth of the fintech’s Irish business with customer numbers here doubling in that time to 1.5 million.
Speaking about his recent appointment Heneghan said:
I'm delighted to have the opportunity to build on Revolut’s achievements in Europe and help take the business even further on its journey to becoming a global financial super-app.
I am looking forward to continuing the growth of Revolut Bank in Europe, and launching many more exciting products for our retail and business customers.
Formerly the Chief Administrative Officer with Ulster Bank, Henegan has also held the role of Marketing Manager with Permanent TSB and has more than 25 years experience in financial services.
Revolut said his successor as CEO of Revolut’s Irish operations will be appointed in due course.
New chief banking officer
In his new role as Revolut’s CEO in Europe Heneghan will report to Sid Jajodia who has also been newly appointed as Revolut’s new Chief Banking Officer.
Joining from fintech PayU, where he was CEO of Credit for three years, Jajodia will lead the rollout of Revolut’s international banking operations, supported by a widely experienced international team.
Mr Jajodia’s early focus will be on the EU, US and Revolut’s active markets.
Speaking about his appointment Mr. Jajodia said:
This is an extraordinarily exciting time to join Revolut, a business I have admired from afar for some years. It has been a remarkable feat to continue to grow customers and to maintain the relentless focus on the innovation and product flow that draws customers to Revolut throughout a global pandemic.
There are few companies in the world that share Revolut’s ambition or imagination for the services it aims to create for its customers. I’m hugely looking forward to joining the team.
The recent appointments advance Revolut’s vision to become the world’s first truly global banking platform and accompany a reorganisation of its banking operations.
The group banking leadership comprises Matt Baxby, CEO of Revolut Australia, Paroma Chatterjee, CEO India, Ron Oliviera, CEO North America, Yoko Makiguchi, CEO Japan and James Shanahan, CEO Singapore.
Revolut expects to announce its UK banking CEO following regulatory approval.
Recent Revolut news
Earlier in the year Revolut increased its fees and charges for customers and for the second time in less than a year.
In February the fintech made adjustments to its fees and charges around ATM withdrawals and restructured its trading allowances and pricing.
However, Revolut still provides free day-to-day banking with its standard free account and is ever-popular in Ireland with over 1.5 million customers.
For those curious about Revolut’s current status and whether or not it’s actually a bank, you can find out more with our blog here.
Let’s hear from you!
What do you think of Revolut’s latest appointments? Is this good news for Revolut in Ireland? Let us know your thoughts in the comments below.
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