Revolut has appointed Béatrice Cossa-Dumurgier as the CEO of its newly established Western Europe headquarters in Paris, signaling the fintech’s intent to strengthen its presence in the region and pursue a full banking license in France.

The new office will serve as a regional base for Revolut’s banking operations across Western Europe, complementing its existing European hub in Lithuania.

Senior Hire to Anchor EU Expansion

The company said Cossa-Dumurgier will lead efforts to expand operations and navigate the licensing process with the French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the European Central Bank.

Cossa-Dumurgier joins from a background that includes senior roles at BNP Paribas, McKinsey, and the French Ministry of Finance. She also previously served as COO at BlaBlaCar and digital music firm Believe, and was most recently a board member at Société Générale. She remains on the board of Peugeot Invest.

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“Cossa-Dumurgier’s deep experience in traditional banking, combined with her ability to drive high-growth trajectories, will be a key asset in achieving regulatory integration and accelerating Revolut’s local expansion, Nik Storonsky, Founder of Revolut, said.”

Eyeing Expansion in Europe

Revolut CEO Nik Storonsky said her appointment reflects the firm’s ambition for digital banking operations in France and Western Europe.

The Paris base forms part of Revolut’s dual-hub model within the EU. Joe Heneghan reportedly continues to lead the Lithuanian-licensed entity, while Cossa-Dumurgier now oversees Western Europe. Both report into the global banking structure managed by Jajodia from Revolut’s London headquarters.

Revolut has continued to expand its services. It recently obtained a banking licence in Mexico. The approval from Comisión Nacional Bancaria y de Valores will now allow the company to establish itself as a bank in Latin America.

Last year, Revolut received its long-awaited UK banking license, marking a significant turning point for the London-based company after a three-year application process. The Prudential Regulation Authority granted the license with restrictions, a common practice for new entrants to the UK banking sector.

This article was written by Jared Kirui at www.financemagnates.com.ExecutivesRead More

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