Revolut has appointed Frédéric Oudea, the former chief executive officer of French banking giant Société Générale, to chair its Western European operations as the fintech ramps up its presence in France.
Founded in 2015, Revolut has risen to become Europe’s most valuable fintech, launching dozens of products and services, including business banking, stocks and shares trading products and even pet insurance.
The UK fintech obtained a banking licence in its home country but is still in the mobilisation stage, limiting the types of products it can roll out. Meanwhile, Revolut is also applying for a banking licence in France and building an exec team for its Western European HQ.
“Frédéric’s appointment marks a pivotal moment for Revolut in Europe,” Revolut CEO Nik Storonsky said in a statement. “As a leader at Société Générale, he has steered one of Europe’s largest traditional banks while also championing innovation.”
Banking veteran Oudea ran Société Générale, one of Europe’s largest banks, for fifteen years and also led the expansion of its digital bank BoursoBank, which has more than 5m customers and is a direct competitor for Revolut.
Oudea is the latest high-profile hire Revolut has poached from the traditional banking world. In June, the fintech hired the former BNP Paribas exec Béatrice Cossa-Dumurgier as CEO of its Western Europe HQ.
According to an interview with Bloomberg today, the fintech is also in the final stages of choosing a building for its Western European HQ, which is said to be as large as Revolut’s new Canary Wharf HQ.
Read the orginal article: https://sifted.eu/articles/revolut-hires-france/
