Revolut appoints chief banking officer as US CEO

After a year in the role, Sid Jajodia will now lead US operations as well.

Revolut’s chief banking officer is stepping into a new role as US CEO.

Sid Jajodia is taking on the additional role at the global financial super app after a year at the company to “accelerate growth” in the US.

He will lead the rollout of the company’s international banking operations and is the third recent hire for the US team to help expansion in the area: Yuval Rechter was appointed general manager and Danil Ovechkin was made head of growth.

“The US is a key market for us, with millions of potential customers who don’t currently have access to a sophisticated financial services app that offers the range of services that Revolut does, so the opportunities to grow are significant,” Jajodia said.

“I look forward to building on the great work that has already been done and helping to boost our presence in the region.”

Before arriving at Revolut last July, Jajodia was CEO of credit at payments business PayU and spent more than four years at Lending Club, first as vice president for risk management and then as chief investment officer.

He also spent 12 years at Capital One in a variety of roles including SVP and head of SME lending.

“Sid has been instrumental in building our Global Banking offer, which will help him and the team accelerate our growth in the US,” Revolut co-founder and CEO Nik Storonsky said.

Revolut launched in the US in March 2020 with financial services for both retail and business customers, including banking, foreign exchange, crypto and stock trading.