Revolut has appointed Kuba Fast, the former chief executive of Chase UK, to run Revolut Bank UAB, the Lithuania-based entity that holds the fintech’s European banking licence.
The move hands one of the industry’s most closely watched digital lenders a senior operator taken directly from JPMorgan Chase, as it presses on with a banking build-out that recently earned it a UK banking licence after a three-year wait.
Fast will also serve as Revolut’s chief executive for Europe, replacing Joe Heneghan, who has held the role since 2021. The appointment was expected to take effect around the middle of 2026, pending sign-off from the European Central Bank and the Bank of Lithuania.
Registered in Lithuania, Revolut Bank UAB sits at the heart of the company’s continental operation, licensed and supervised by the ECB and the Bank of Lithuania.
It operates across 30 markets in the European Economic Area, a footprint that has drawn scrutiny even as it grew, with European regulators previously curbing some of the bank’s riskier product launches.
