Revolut Hires Ex-Goldman, N26 and Visa Execs

Challenger bank Revolut made some major changes to personnel on Friday.

The London-based firm, which now has over 5 million customers, confirmed that Wolfgang Bardorf had been appointed as treasurer.

Bardorf joins the bank from Deutsche Bank, where he was global head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term models and methodologies. The new Revolut executive also had a stint in Goldman Sachs' treasury department.

Joining Bardorf at the challenger bank is Stefan Wille, the former senior vice president of finance at challenger bank N26 and a corporate finance manager at Credit Suisse.

Strengthening governance processes

Wille will be reporting to Dave MacLean, Revolut's chief financial officer. Maclean is also new to the company, having joined from Metro Bank - where he was finance director - at the end of last month.

Alongside those two new appointments is Philip Doyle, who has joined Revolut as its director of financial crime risk.

Doyle has had stints as head of financial crime at ClearBank and as a fraud prevention manager at Visa.

“This year we’ve made some exceptional senior appointments to the company," said Revolut CEO Nikolay Storonsky

"As we continue to strengthen our existing governance and processes we’ve hired some of the most talented professionals, with many years experience, delivering world class business practices.

"I’m looking forward to welcoming Philip, Stefan and Wolfgang to Revolut’s executive team and I have no doubt their knowledge will be invaluable as we grow.”