People Moves: Julien Labrot and Chris Varley
Revolut has officially signaled its intent to enter the Peruvian market, marking the fifth Latin American territory in its regional expansion strategy. As part of this launch, the global fintech, which currently serves over 70 million customers, has appointed Julien Labrot as CEO of Revolut Peru to spearhead its local operations.
Julien joins the firm as a seasoned financial veteran, bringing extensive experience within the Latin American region. His background is a key component of Revolut’s strategy to blend its global technological infrastructure with deep, localised market knowledge. In his new role, Julien will be responsible for defining and executing the company’s local strategy and building a team of talent within the country.
The appointment comes as Revolut formally applies for a full banking licence in Peru. This regulatory move is designed to align with the country's rapidly digitising economy, where smartphone penetration is high, yet large segments of the population remain underbanked. Carlos Urrutia, Head of Expansion at Revolut, noted the significance of this approach: “Revolut's entry into Peru is built on our belief that digital financial services should be empowering, accessible, and secure for everyone.
By pursuing a full banking licence we are not just entering a new market - we are committing to becoming a trusted and integral part of Peru's financial ecosystem.”
Julien’s primary focus will be navigating the local regulatory landscape and overseeing the progressive rollout of a comprehensive range of products for individuals and businesses. This includes leveraging recent innovations in digital payments and the shift toward an open payments ecosystem in Peru.
“Our focus is on bringing the best of Revolut to the Peruvian market while building a secure and compliant platform that genuinely serves the needs of our future customers,” Julien notes. “We are here to contribute to the digital transformation of financial services, working closely with regulators to offer a long-term, trusted world-class banking solution for individuals and businesses alike.”
To support these objectives, Julien will oversee hiring efforts across the country, utilising Revolut’s remote-first model to attract skilled professionals as the company works toward its global goal of reaching 100 million customers.
WTW, the global advisory, broking and solutions company, has announced the appointment of Chris Varley as Global Proposition Leader for Commercial Lines Pricing and Underwriting within its Insurance Consulting and Technology (ICT) business. Based in London, Chris returns to the firm to spearhead a strategic area where the business is targeting sustained double-digit growth.
Chris rejoins WTW following a successful tenure at Allianz Commercial UK. He initially joined Allianz in March 2022 as Chief Data and Analytics Officer before moving into the role of Chief Underwriting Officer.
This experience in high-level data leadership is underpinned by his previous five-year stint at WTW as Senior Director for Commercial Lines Pricing and Underwriting. During that period, he specialised in the development of analytics tools specifically designed for the commercial insurance market, establishing a foundation of technical expertise he now brings back to the company.
In his new capacity, Chris is tasked with leading the global strategy for commercial lines pricing and underwriting. His focus will be on helping insurers modernise their operations to thrive amidst shifting market dynamics. This role is central to WTW’s broader ambition to support the digital transformation of the commercial insurance marketplace.
Charlie Kefford, Global Proposition Leader, P&C Insurance Technology at WTW, notes that the firm continues to invest to ensure its capabilities remain at the “cutting-edge of market practice,” particularly as AI and digitalisation accelerate.
Charlie comments: “I am delighted that Chris has joined our team. He has an outstanding track record in this area and brings significant experience and capability to further develop our solutions and grow our team.”
The move signals WTW’s commitment to advanced analytics. Chris expresses his enthusiasm regarding the timing of his return: “I’m excited to be joining the team at such a critical moment in the analytics revolution taking place in commercial insurance. I look forward to working with our clients around the world to unlock competitive advantage through the deployment of sophisticated analytics in underwriting, pricing and portfolio management.”
Executives
Chris Varley
Global Proposition Leader
Julien Labrot
CEO at Revolut Peru
