Another high-level executive leaves Revolut

Barely a month after Revolut’s COO left, the challenger bank’s head of compliance has now joined the growing list of top executives abandoning the neobank.

Chris Sing, head of regulatory compliance at Revolut, is leaving the FinTech after almost two years of service, TechCrunch reported.

He is reportedly joining Barclays as its new chief of staff to the group chief compliance officer.

He had joined Revolut in December 2018 after having previously served with the Financial Conduct Authority.

His exit marks the latest in a string of executives leaving the venture.

In July, former COO Richard Davies announced that he would leave the challenger bank after a year of service to join Allica Bank as its new CEO.

The company lost its CFO David MacLean in March, just five months after he joined the UK FinTech, and its head of wealth and trading André Mohamed stepped down in April.

TechCrunch also reported that Revolut was hiring two former Amazon employees: Steven Harman who will replace Davies as Revolut’s COO and Jim McDougall who will become the challenger bank’s new chief people officer.

The news comes after Revolut reported in August that its annual losses grew from £32.8m in 2018 to £107.4m in 2019. Nevertheless, the company is still hoping to break even by 2021.

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