Revolut Names Ex-Chase Kuba Fast as New European Bank Boss

Revolut has appointed Kuba Fast as the CEO of Revolut Bank UAB, its Lithuania-based European banking entity. The move follows formal approval from both the European Central Bank and the Bank of Lithuania.

Kuba joins the fintech heavyweight from JPMorgan Chase, where he helped launch its international consumer business and served as CEO of digital bank Chase UK. His background also includes senior leadership roles at Poland's mBank SA and a partnership at McKinsey & Company. He holds an MBA from Harvard Business School.

In a post on LinkedIn, Kuba explains: “I've spent my career building digital banking businesses, but taking a role with Revolut had a unique appeal: the ambition here isn't just to build another bank, it's to build a truly global one.”

The European play 

The high-profile hire coincides with a broader restructuring of Revolut's European footprint. The company is transitioning into a dual-hub structure to balance its established Lithuanian-licensed operations with a newly created French banking hub. 

Kuba will join the executive team leading banking operations across the European Economic Area (EEA), working alongside Béatrice Cossa-Dumurgier, the CEO of Western Europe who heads up the French hub.

Commenting on his appointment, Kuba says: “Revolut has fundamentally changed what people expect from their financial institutions. I am eager to join the leadership team to accelerate our banking services across the EEA”.

The dual-hub system in Lithuania and France will provide the regulatory framework needed to deploy this capital across the EEA. Kuba will take over day-to-day operations immediately to drive the next phase of this regional expansion strategy.

Nik Storonsky, CEO and Founder of Revolut says: “We are thrilled to welcome Kuba to Revolut at a defining moment in our European expansion. 

“His track record in scaling digital banking, combined with his deep regulatory understanding, makes him a strong addition to our leadership team to accelerate our European success story and solidify our position as the continent’s leading bank.”

Spreading out the talent

As part of the leadership transition, Joe Heneghan, who steered the banking entity for the past five years, steps into a new role as CEO of Revolut Holdings Europe UAB. 

Joe will oversee the holding company for all of Revolut’s EEA operations, a move designed to ensure strict regulatory and strategic alignment across fragmented European markets.

The management shift highlights how international fintechs must adapt their corporate governance structures as they scale. 

Navigating multiple European regulators requires heavy institutional experience – an asset Kuba brings from his time at Wall Street's largest bank.

Kuba continues: “By delivering innovative, localised products tailored to the daily needs of over 55 million European customers, we will continue to prove that everyday finance can be simpler, more intuitive and radically more affordable.”

For Revolut, the commercial objective is clear: convert its massive retail user base into highly profitable banking relationships. 

Offering localised products like credit, savings and mortgages across different jurisdictions is critical to increasing average revenue per user.

On LinkedIn, Kuba notes: “Let's continue building the European banking champion!”.