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The budgeting app provider has appointed the former Xinja treasurer, and an India CEO, to “gear up” for its APAC expansion.
Revolut has appointed the former treasurer of the now closed neobank Xinja, Rebecca Greenhalgh, as its regional treasurer for the Asia-Pacific region.
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At the same time, the payments and financial management app provider has appointed Paroma Chatterjee as its CEO in India.
According to Revolut, Ms Greenhalgh’s appointment would support its increasing focus in the APAC region. In her role, Ms Greenhalgh will oversee the development and implementation of strategies to optimise capital, liquidity and funding allocation for the region.
Ms Greenhalgh was previously the treasurer of Xinja (which recently ceased operations after the Australian Prudential Regulation Authority [APRA] revoked its licence).
Prior to this, she was director, pricing and performance (consumer bank) at Westpac Group, and associate director, structured asset finance (debt markets) at National Australia Bank (NAB).
Ms Chatterjee was previously chief business officer at online travel company Via.com, and director, marketplace business at e-commerce company and online shopping store Flipkart in India.
She was also previously general manager, marketing head, corporate business at telecommunications service provider Airtel.
Revolut said the appointments have followed the fintech’s recently announced plans to enter the markets in India, New Zealand, Indonesia, South Korea and the Philippines.
Commenting on the appointments, Revolut Australia CEO and interim CEO global banking Matt Baxby said he was pleased to welcome Ms Greenhalgh and Ms Chatterjee as the fintech company widens its reach in the APAC region.
“As our presence in APAC grows, we look to have experienced and capable leaders installed locally, which is why the appointments of Ms Greenhalgh and Ms Chatterjee are critical milestones in our continued mission to become the world’s first truly global financial super-app,” he said.
Ms Greenhalgh also spoke of her appointment, stating: “I’m thrilled to join the Revolut team in its continued expansion into the APAC region. It’s exciting to be part of a fintech which lays at the heart of major transformation in the financial sector, and I look forward to the journey ahead.”
Ms Chatterjee said she was excited to join Revolut and participate in the “growth journey”.
“In a country that presents one of the largest opportunities globally for Revolut. I look forward to building an exceptionally talented team and working with them, as we continue to develop financial solutions for millions of consumers in India.”
Revolut officially launched in Australia in August last year, with the release of its money exchange and budgeting management app.
After launching in beta in 2019 and receiving an exemption from the Australian Securities and Investments Commission (ASIC) to distribute prepaid money cards and money transfer services to customers without holding an AFS licence for the provision of financial services. It received its Australian Financial Services Licence in April 2020.
The Australian arm of the fintech announced last year that the 30,000 people on its waitlist could download its payments and financial management app on an iOS or Android smartphone.
Revolut launched in the UK in 2015 where it offered money transfer and exchange. It has teams across Australia, Singapore and Japan in the Asia-Pacific region. It has a global team of over 2,000 people across 23 offices with its headquarters in London.
Mr Bixby was appointed as CEO of Revolut Australia in February 2020, while Scott Jamieson was appointed as chief compliance officer, and Michael Hendricks was appointed as chief risk officer.
It has 15 million customers globally and makes 100 million transactions a month, the fintech said.
[Related: Revolut appoints first Australian CEO]
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