Revolut appoints new group chief risk officer Pierre Decote
Revolut has appointed Pierre Decote as its new group chief risk officer (CRO).
Decote comes from Prodigy Finance, a fintech which finances international post-graduate students, and has also gathered experience working in analytics as a chief executive at Tandem Bank, Barclaycard and the US’ tenth largest bank by assets Capital One.
The new group CRO will be joined by fellow new recruits ex-Goldman Sachs head Jason Burgess, ex-HSBC director Ed Simmons and ex-Barclays’ chief executive Daniel Gordon, who will be acting as heads of liquidity risk management,corporate structuring and operational risk management respectively.
The neobank has traditionally struggled to hold on to its risk and compliance chief executives. Chief information security officer (CISO) Dinis Cruz left after just two months in early November 2019, and since 2016 the challenger has also lost two chief risk officers, a chief compliance officer and two money laundering reporting officers.
As its new CRO, Pierre will head up Revolut’s global risk function as it expands globally and develops new product lines such as credit and Revolut Youth.
Commenting on the CRO’s years of experience, Revolut’s founder and CEO Nik Storonsky says his appointment “is a major coup in our continued mission to become the world’s first truly global bank”.
Now with more than eight million customers worldwide, the digital bank is gearing up for a $500 million funding round to support its expansion into eight new countries before the end of this year.
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