Revolut has continued its c-suite hiring spree with the appointment of Joe Heneghan as chief executive of Revolut Ireland and Virgilijus Mirkės as chief executive of Revolut Lithuania.

The arrival of Heneghan in Dublin, from his former post of chief administrative officer at Ulster Bank, and Mirkes, a former chief executive for SEB Investment Management, at the head of Revolut’s Lithuania arm, have topped off a major hiring spree for the FinTech.

It recently announced new appointments in the roles CFO, CRO, CTO and a range of other posts in compliance, credit and treasury.

eneghan will be responsible for building Revolut’s business in the Republic of Ireland, as the company progresses its application for relevant Irish regulatory licenses. He will also be the in-jurisdiction point of contact for the regulator and relevant stakeholders.

Part of Revolut’s European and global expansion strategy, Mirkės will be responsible for Revolut’s overall operations in Lithuania, including recruiting and co-managing the team in Vilnius, working with senior management to define and implement the European strategy for Revolut’s regulated entities, primarily focusing on payment, deposit and credit products, and developing a strong relationship with regulators in Lithuania and beyond.

The company said it was in the final stages of operationalising its existing European EMI and Banking licences in Lithuania, with these entities preparing to provide services to Lithuanian clients, as well as providing a contingency option for European services in the event of a hard Brexit.

The appointments come after Revolut strengthened its senior executive team by appointing a new treasurer, deputy chief financial officer and director of financial crime risk in August, as the company looked to boost its governance and processes.

Richard Davies, Revolut’s group chief operating officer, said: “As we continue to implement our expansion strategy to bring great value and amazing digital experience to fit customers globally, it’s vital that we build the strongest teams with the best skills and experience to deliver this.

“As banking veterans, Virgilijus and Joe come with a huge amount of experience growing businesses in highly regulated environments as well as building solid relationships with regulators. We’re really pleased to have them on board.”

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