Revolut Names Former Chase UK Chief Kuba Fast as European Banking CEO #

Revolut has appointed Kuba Fast, former chief executive of JPMorgan Chase’s British digital bank Chase UK, as CEO of Revolut Bank UAB, its Lithuania-based banking entity, following regulatory approval from the European Central Bank and the Bank of Lithuania.

Fast will also serve as Revolut’s chief executive for Europe, replacing Joe Heneghan, who has held the role since 2021, according to The Next Web.

Fast spent nearly seven years at JPMorgan Chase, where he helped build Chase UK from the ground up. He became CEO of the Chase UK operation in May 2024 and also oversaw JPMorgan Europe Limited. On LinkedIn, he described the experience as “a once-in-a-lifetime adventure: building a bank from a PowerPoint slide to an institution serving millions of customers in the UK.”

Before JPMorgan, Fast spent close to three years at Polish digital lender mBank and six years as a consultant at McKinsey & Company. Revolut Bank UAB operates across 30 markets in the European Economic Area. It received a specialised banking licence in December 2018, a full ECB banking licence in 2021, and began operations in 2020.

Revolut founder and CEO Nik Storonsky said the company is at “a defining moment” in its European expansion, and that Fast’s background in scaling digital banking, combined with his regulatory experience, would help solidify Revolut’s position as Europe’s leading bank.

The appointment comes as Revolut’s European unit addresses requirements set by the ECB, which ordered the company last summer to halt new product launches across the EEA while it addressed deficiencies in its product-approval processes. The ECB also required an independent review of the company’s risk and compliance functions.

Revolut counts more than 55 million customers globally and reported profits of £1.7 billion for 2025. The company is also pursuing banking licences in the United States and other markets.

Source: The Next Web