Today, Revolut has announced the appointment of Pierre Decote as its new Group CRO as the fintech continues to expand worldwide.
Pierre Decote joins Revolut at a high growth period for the fintech, with recent global deals signed with Visa and Mastercard, allowing expansion into a number of new markets. Over one million new Revolut accounts were opened in October 2019 and the company now has over eight million customers worldwide.
Mr Decote is the latest in a line of senior hires into Revolut’s C-Suite, following the arrival of COO Richard Davies and CFO David MacLean in July 2019. As part of the executive team, Pierre will play a key role in the decision making and leadership of the business on a global scale as it focuses on reaching profitable growth. In his role, Pierre will be responsible for building and scaling Revolut’s global risk function, ahead of its international expansion and future product lines such as credit and Revolut Youth.
Prior to joining Revolut Pierre Decote was CRO at Prodigy Finance, a global fintech that connects investors to emerging talent, assisting them in funding their further education. Mr Decote has also held senior roles previously at Barclaycard, Capital One and Tandem Bank.
Mr Decote is joined in the risk team by a recently appointed Head of Liquidity Risk Management, Jason Burgess. Previously Jason spent 12 years at Goldman Sachs, most recently as Managing Director in its Liquidity Risk arm. Mr Burgess will be responsible for providing assessment, measurement, monitoring and control of Revolut’s liquidity risk and ensuring that it is able to meet all its payment obligations in a timely manner.
Daniel Gordon will also join Mr Decote’s team by April 2020 as Global Head of Operational Risk Management, having previously been Managing Director, Chief Controls Officer and Exco member within Barclay’s Cards & Payments team. Prior to that Mr Gordon held a number of senior risk management roles within HSBC. Mr Gordon will be responsible across Revolut for embedding an operational risk management framework that is in line with its strategy and international growth objectives.
Separately, Ed Simmons has also recently joined the team from HSBC’s commercial banking arm. Mr Simmons will lead Revolut’s work on its corporate structure as it seeks to successfully operate and expand its entities around the world.
Commenting on the appointment of Pierre Decote, Nik Storonsky, Founder & CEO at Revolut said: “As we continue building our business, reinforcing our risk framework and resilience is key. With decades of experience in the sector and an outstanding track record, Pierre’s appointment is a major coup in our continued mission to become the world’s first truly global bank.”
Pierre Decote commented: “Revolut is such a ground-breaking proposition in the market and Nik and the team have done a fantastic job in building such a strong business. I am excited to be part of the next instalment in the journey and I look forward to working with the team as we continue to develop a world-class risk and governance function to support our millions of users around the world.”
Revolut launched in 2015 with a vision of building the world’s first truly global bank and this year launched its services in Singapore and Australia.
With Revolut, customers can spend and transfer money globally at the real exchange rate, exchange currencies in the app, manage their money with instant analytics and budgeting controls, buy and sell cryptocurrencies, and it most recently launched a new commission-free stock trading service.