London-based fintech giant Revolut has named Béatrice Cossa-Dumurgier, a former executive at BNP Paribas, as the chief executive of its Paris-based Western European operations.
Revolut opened its continental European HQ in Paris back in May to serve as a second hub for its business in the European Union alongside its regulated entity in Lithuania.
The company has now announced its Western European activities will be overseen by Cossa-Dumurgier, a veteran of French finance who spent over a decade at BNP, rising to the role of chief executive of personal investors.
Revolut’s new Western Europe boss will primarily be focused on securing regulatory approval in France from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), as well as the European Central Bank.
“Revolut is leading the most ambitious banking project in Europe today, and I’m proud to have the opportunity to play a key role in it,” said Cossa-Dumurgier.
“I am fully committed to putting my expertise to work for our customers, with the ambition of building lasting trust — not only with them, but also with the entire French and European banking ecosystem.”
Before joining BNP Paribas in 2004, she held roles at McKinsey and the French Ministry of Finance.
“[Cossa-Dumurgier’s] deep experience in traditional banking, combined with her ability to drive high-growth trajectories, will be a key asset in achieving regulatory integration and accelerating Revolut’s local expansion,” said Revolut co-founder and chief executive Nikolay Storonsky.
“Her appointment reflects our clear ambition: to make Revolut the leading digital bank in France and across Western Europe.”
She will work closely with Sid Jajodia, the firm’s chief banking officer who oversees all regional banking entities from the company’s London headquarters.
“Béatrice’s appointment marks a pivotal moment for our European strategy. Her expertise will be vital as we accelerate our presence across France and Western Europe, strengthen our regulatory engagement and build a trusted, sustainably growing banking institution across the region,” Jajodia added.
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