Digital bank Revolut has strengthened its executive team with the addition of a senior figure from one of the world’s largest financial institutions. Kuba Fast, who most recently headed JPMorgan Chase’s UK digital banking arm Chase UK, has taken on the role of CEO for Revolut Bank UAB. This Lithuania-based subsidiary serves as the cornerstone of the company’s licensed banking activities throughout the European Economic Area.
The appointment, approved by the European Central Bank and the Bank of Lithuania, underscores Revolut’s focus on enhancing its regulated banking operations amid rapid expansion.
Fast will be tasked with advancing the group’s continental ambitions, including customer acquisition, service diversification, and operational scaling in a competitive marketplace that demands both innovation and strict compliance.
Fast joins with a strong pedigree in establishing and growing digital-first banking platforms.
At JPMorgan Chase, he contributed to the development of international consumer banking initiatives and led Chase UK from 2024 onward, helping it reach millions of users.
His prior experience includes time at a major Polish digital bank and strategic consulting, providing him with deep familiarity of European financial dynamics, particularly in emerging markets.
This leadership shift aligns with Revolut’s implementation of a dual-hub framework for its European presence.
The Lithuanian operation will continue handling core EEA passporting functions, complemented by a new Western European center in France aimed at localized service delivery and risk distribution.
Former Revolut Bank UAB leader Joe Heneghan has advanced to oversee the broader European holding structure, ensuring continuity in strategic and regulatory affairs.
Revolut Bank UAB has evolved significantly since receiving its specialized license in 2018 and full banking authorization shortly thereafter.
It now supports an extensive customer base across dozens of markets, facilitating everything from core accounts to advanced financial tools.
The entity remains instrumental as Revolut broadens its scope beyond payments into comprehensive banking solutions.
In reflecting on the new position, Fast highlighted the compelling nature of Revolut’s mission to create a borderless global bank.
He pointed to Europe‘s rich ecosystem of skilled professionals, mature regulatory standards, and growth potential as ideal conditions for building resilient, customer-centric financial services.
His emphasis on partnership with authorities and product excellence reflects a balanced approach to scaling responsibly.
The timing of this hire coincides with several positive developments for the fintech giant.
Following the grant of its UK banking license, Revolut is intensifying product rollouts and gearing up for long-term objectives, such as expanded geographic reach and a prospective public offering.
With tens of millions of European customers already onboard, the company is well-placed to solidify its status as a major player in retail finance.
Experts interpret the recruitment as a deliberate step to infuse proven banking execution capabilities into a high-growth fintech environment.
Fast’s background in launching challenger-style operations from established institutions positions him to navigate regulatory complexities while pursuing aggressive yet sustainable development goals. This blend of expertise could be key as Revolut competes for market share and customer loyalty across diverse European segments.