Revolut bolsters leadership team in Singapore with three new hires, including its first CEO

By Aisling Finn on Tuesday 12 May 2020

Digital Banking

James Shanahan, Rayson Tan and Pam Chuang will join Revolut’s 30-strong team in Singapore.

Revolut bolsters leadership team in Singapore with three new hires, including its first CEO
Image source: James Shanahan, Rayson Tan and Pam Chuang/Revolut

Digital banking service Revolut has hired a new CEO to bolster its operations in Singapore. 

James Shanahan officially joined the fintech in March 2020 and brings with him over 25 years of banking experience. 

Shanahan previously worked as chief of staff at Railsbank in Singapore and has held senior positions at AXA, Standard Chartered and Singapore Life.

Shanahan said: “Revolut has grown rapidly in Singapore and we continue to enjoy very positive momentum despite the short term social and economic restrictions.”

Further cementing the team, Rayson Tan, who has been chief compliance officer at Revolut since September 2019, has also taken on the roles of head of legal and chief risk officer.

Before his switch to digital banking, Tan previously worked as the managing director of Credit Suisse Singapore and in other senior roles at Deutsche Bank and UBS.

The e-money institution has also brought on Pam Chuang as its head of growth.

Chuang was previously head of business development at fintech GoBear, financial marketplace platform based in Asia, and head of affinity marketing at AON.

Revolut officially launched to the public in Singapore in October 2019 and has now set its sights on expanding into other Asian markets.

The appointments in Singapore come just weeks after it was revealed Revolut had parted ways with eight UK executives during lockdown, although the departures were not because of coronavirus.

Co-founders Nikolay Storonsky and Vlad Yatsenko have also forgone their salaries for the next 12 months as well as staff being offered a salary swap scheme amid the ongoing coronavirus pandemic.

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