London-based fintech big Revolut has named Béatrice Cossa-Dumurgier, a former govt at BNP Paribas, because the chief govt of its Paris-based Western European operations.
Revolut opened its continental European HQ in Paris again in Might to function a second hub for its enterprise within the European Union alongside its regulated entity in Lithuania.
The corporate has now introduced its Western European actions can be overseen by Cossa-Dumurgier, a veteran of French finance who spent over a decade at BNP, rising to the function of chief govt of private traders.
Revolut’s new Western Europe boss will primarily be targeted on securing regulatory approval in France from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), in addition to the European Central Financial institution.
“Revolut is main essentially the most formidable banking undertaking in Europe at this time, and I’m proud to have the chance to play a key function in it,” mentioned Cossa-Dumurgier.
“I’m absolutely dedicated to placing my experience to work for our prospects, with the ambition of constructing lasting belief — not solely with them, but additionally with all the French and European banking ecosystem.”
Earlier than becoming a member of BNP Paribas in 2004, she held roles at McKinsey and the French Ministry of Finance.
“[Cossa-Dumurgier’s] deep expertise in conventional banking, mixed along with her potential to drive high-growth trajectories, can be a key asset in reaching regulatory integration and accelerating Revolut’s native growth,” mentioned Revolut co-founder and chief govt Nikolay Storonsky.
“Her appointment displays our clear ambition: to make Revolut the main digital financial institution in France and throughout Western Europe.”
She is going to work intently with Sid Jajodia, the agency’s chief banking officer who oversees all regional banking entities from the corporate’s London headquarters.
“Béatrice’s appointment marks a pivotal second for our European technique. Her experience can be important as we speed up our presence throughout France and Western Europe, strengthen our regulatory engagement and construct a trusted, sustainably rising banking establishment throughout the area,” Jajodia added.
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