Revolut appoints group CRO

Revolut has appointed Pierre Decote as its new group chief risk officer – the latest of its senior appointments.

He follows the arrival of chief operating officer Richard Davies and chief financial officer David MacLean since the summer, and Martin Gilbert as non-executive chairman earlier this month.

As part of the executive team, Decote 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.

He will be responsible for building and scaling Revolut’s global risk function, ahead of the planned international expansion and future product lines, such as credit and Revolut Youth.

Prior to joining, Decote was chief risk officer at Prodigy Finance, a global FinTech that connects investors to emerging talent. He has also held senior roles previously at Barclaycard, Capital One and Tandem Bank.

He is joined in the risk team by a recently appointed head of liquidity risk management Jason Burgess, who previously spent 12 years at Goldman Sachs, most recently as managing director in its liquidity risk arm. 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 Decote’s team by April 2020 as global head of operational risk management, having previously been managing director and chief controls officer within Barclay’s cards and payments team. He will be responsible 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, to work on its corporate structure.

Founder and chief executive Nik Storonsky 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.”

Separately, Yolt has integrated with Revolut, meaning the bank’s customers will be able to use the app to analyse transactions, set budgets, monitor spending and manage their investments in one place.

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