Revolut Names James Shanahan as Singapore CEO

Revolut, a challenger bank, announced this Tuesday that it has made a number of senior appointments to its Singapore team. Namely, James Shanahan has been selected to be the Singapore Chief Executive Officer (CEO).

As the CEO of Revolut’s Singapore business, Shanahan, who was previously the Chief Operating Officer (COO) of insurtech Singapore Life, will be responsible for leading the growth of the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company’s Asia business.

In addition to the appointment of Shanahan, the UK-based bank has also named Rayson Tan as its new Chief Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Officer, Chief Risk Officer and Head of legal in Singapore. Furthermore, Pam Chuang has also joined Revolut as its new Head of Growth.

Revolut focuses on APAC region

The new additions to Revolut’s team come as the fintech company is aiming to bring its full suite of products to Singapore, Japan and Australia at the end of the year.

In an interview with The Business Times, Shanahan said: "Our ambition is to achieve product parity in (these countries) by the end of the year. We're accelerating our product launches in this part of the world and have dramatically ramped up discussions with our product teams in Europe and the UK.”

Shanahan has been with the challenger bank since March of this year. Before he was the CEO of Revolut Singapore, he was the chief of staff for Railsbank Technologies in South-east Asia and COO for Singlife.

During his career, which spans for decades, Shanahan has gained more than 25 years with banks, insurers and third parties. This experience has been gained predominately in Asia, and includes stints at ANZ Bank, Avaloq, Standard Chartered, AXA Insurance and Accenture.

Before he was at Revolut, Tan was a Managing Director at Credit Suisse and spent more than five years working in the APAC Financial Crime Compliance division of the banking giant. Chuang, on the other hand, was previously the vice-president of sales and partnerships at fintech GoBear.