Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board


Rebecca Macieira-Kaufmann


European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world’s biggest economy.

Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup’s International Personal Bank in the U.S., which is the firm’s offshore wealth management arm.

Revolut, valued at $5.5 billion, has primarily had success in Europe, where most of its 13-million-plus users live. The start-up launched in the U.S. in March and began gaining customers after offering an unusually high interest rate. More recently, the firm was planning on applying for a banking charter in California, people with knowledge of the matter said in October.

“The U.S. still has many communities under-served by the banking industry, including the many people who come to this country and find it incredibly difficult to open a bank account,” Macieira-Kaufmann said in a statement. “This is an issue that is close to my heart so I am delighted to join the Revolut U.S. board.”

At Citigroup, Macieira-Kaufmann served as a regional president overseeing operations in California and Nevada. Then, in 2013 she was promoted to CEO of Banamex USA, a subsidiary of Mexico’s second largest bank that Citigroup acquired in 2001.

She took over at Banamex USA after American regulators had ordered the business to improve anti-money laundering controls, resulting in the ouster of her predecessor. But Citigroup ultimately shut the business down and paid almost $240 million in fines after regulators said the unit failed to correct its weaknesses.

Products You May Like

Articles You May Like

Kohl’s CEO on proposed third stimulus check under Biden: ‘Anything that puts money into the pockets of our consumers is a good thing’
Investor Jeremy Grantham says the market’s in a bubble with ‘very seldom seen levels’ of euphoria
Biden extends payment pause for student loan borrowers until October 2021
Stocks making the biggest moves in the premarket: Morgan Stanley, Netflix, Pearson & more
How this Californian paid down debt, started a business, and bought a house—all by age 28

Leave a Reply

Your email address will not be published. Required fields are marked *