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Revolut hires new executives to grow its Asia business

Revolut, FinTechLondon-based Revolut, a payments FinTech firm, has appointed James Shanahan as its Singapore Chief Executive Officer, as reported by The Business Times of Singapore. It also hired Rayson Tan who was the former Managing Director at Credit Suisse, as its new Chief Compliance Officer, Chief Risk Officer and Head of Legal in Singapore. The firm has also appointed Pam Chuang as its new Head of Growth. Prior to joining Revolut, Chuang was the Vice President of Sales and Partnerships at FinTech company GoBear.

Shanahan was previously the Chief Operating Officer of InsurTech company Singapore Life. He is expected to lead the growth of Revolut’s Asian business. The FinTech company aims to bring its products to Singapore, Japan and Australia by the end of Q4 2020.

“Our ambition is to achieve product parity in (these countries) by the end of the year. We’re accelerating our product launches in this part of the world and have dramatically ramped up discussions with our product teams in Europe and the UK,” Shanahan told The Business Times.

Shanahan joined the company in March 2020 and priorly was the Chief of Staff at Railsbank Technologies in South-east Asia and COO at Singlife. He has over 25 years of experience with banks, insurers and third parties predominantly in Asia, including ANZ Bank, Avaloq, Standard Chartered, AXA Insurance and Accenture.

Tan brings over 20 years of financial services experience and has extensive experience in building and leading compliance programmes in financial services across investment banking, private banking, corporate banking, as well as asset management. He has held country, regional and global AML (anti-money laundering) and sanction roles at Deutsche Bank and UBS Investment Bank.

“Compliance risk has become one of the most significant concerns for financial institutions globally. I am a firm believer that in further developing the strength of the firm’s compliance programme, we can ensure compliance at Revolut is a distinct competitive advantage for the company,” said Tan, as reported by The Business Times.

Chuang has around 2 decades of experience in financial institutions across Asia and she was involved in scaling GoBear across South-east Asia and Hong Kong before taking up her new role as Head of Growth with Revolut. She has held leadership roles in several companies, including AIA Group, ReMark International, Saxo Bank and Aon.

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