Revolut has appointed former Chase UK chief executive Kuba Fast as chief executive of its Lithuania-based banking entity after securing approval from the European Central Bank and the Bank of Lithuania.

The FinTech said Fast will become chief executive of Revolut Bank UAB, the group's licensed banking entity serving customers across the European Economic Area (EEA).

He will join the executive team overseeing the business as Revolut transitions to a dual-hub structure, combining its established Lithuanian banking licence with a newly created French banking hub led by Béatrice Cossa-Dumurgier, chief executive of western Europe.

Fast joins from JPMorgan Chase, where he helped launch the bank's international consumer banking business before serving as chief executive of Chase UK. Earlier in his career, he held senior leadership roles at Poland's mBank and was a partner at McKinsey & Company.

Nik Storonsky, chief executive and founder of Revolut, said: "We are thrilled to welcome Kuba to Revolut at a defining moment in our European expansion." He added that Fast's experience "in scaling digital banking, combined with his deep regulatory understanding" would help accelerate the company's growth and strengthen its position in Europe.

The appointment forms part of a broader leadership reshuffle within Revolut's European operations. Joe Heneghan, who led Revolut Bank UAB for the past five years, has become chief executive of Revolut Holdings Europe UAB, where he will oversee the holding company responsible for the group's EEA operations and regulatory alignment across European markets.

Dovilė Grigienė, chair of the supervisory council of Revolut Bank UAB, said: "Kuba's experience navigating traditional banking structures and digital innovation matches our ambition to become the primary bank for Europeans." She said his leadership would help strengthen regulatory engagement while supporting the bank's long-term growth.

Fast said Revolut had "fundamentally changed what people expect from their financial institutions" and that he looked forward to expanding its banking services across the EEA. He said the company would continue developing localised products for its European customer base as it sought to make everyday banking "simpler, more intuitive, and radically more affordable".

Revolut was founded in the UK in 2015 as a money transfer and foreign exchange platform and has since expanded into a full-service financial technology company. The company says it now serves more than 75 million customers globally, processing more than one billion transactions each month.

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