Revolut Names Kuba Fast CEO of European Banking Arm

Revolut has named Kuba Fast as CEO of Revolut Bank UAB, its Lithuania-based European banking arm, following approval from both the European Central Bank and the Bank of Lithuania.

Kuba joins from JPMorgan Chase, where he played a key role in building its international consumer division and led the launch of digital bank Chase UK as CEO.

His career also spans senior positions at Poland’s mBank SA and a tenure as a partner at McKinsey & Company.

He holds an MBA from Harvard Business School.

Kuba says in a LinkedIn post: “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 appointment comes as Revolut reshapes its European structure, shifting towards a dual-hub model that combines its established Lithuanian-licensed entity with a newly launched banking base in France.

Fast will join the leadership team overseeing banking activities across the European Economic Area (EEA), working alongside Béatrice Cossa-Dumurgier, CEO of Western Europe, who leads the French hub.

Reflecting on the move, 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.”

Under the new setup, Lithuania and France will together provide the regulatory foundation needed to scale services across the region.

Kuba assumes responsibility for day-to-day operations immediately as Revolut advances its next phase of European growth.

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 transition, Joe Heneghan, who has led the banking entity for the past five years, moves into the role of CEO of Revolut Holdings Europe UAB.

He will oversee the holding company for all EEA operations, ensuring regulatory consistency and strategic alignment across Europe’s fragmented markets.

The leadership changes underscore the need for evolving governance structures as fintechs expand internationally.

Operating across multiple regulatory regimes demands deep institutional expertise – something Kuba brings from his experience at one of Wall Street’s largest banks.

He adds: “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 strategic goal remains clear: deepen monetisation of its large retail user base by converting customers into full banking relationships.

Expanding localised offerings – including credit, savings and mortgages – across jurisdictions will be key to lifting average revenue per user.