While Revolut is still waiting to receive its US banking licence, the challenger bank has hired a 40-year industry veteran to lead its expansion stateside.
The neobank has hired Ronald Oliveira as its new US chief executive. He has spent over four decades in the industry, 20 of which were at the Union Bank of California. Oliviera has also clocked up time at Rabobank, Heritage Oaks Bank and, most recently, at Avidbank.
He joined Revolut in November, according to his LinkedIn.
UK-based Revolut officially announced its plans to go across the pond a few years ago, having aiming to launch stateside at the end of 2018.
However, the official launch has been held back by the FInTech having failed to secure a banking licence as of yet.
Revolut has struck deals with New York lender Metropolitan Commercial Bank and Mastercard and plans to offer both personal and business bank accounts, according to The Telegraph.
In related news, Revolut is reportedly about to lose its CFO David MacLean just five months after he joined the UK FinTech.
Copyright © 2020 FinTech Global