Revolut chief information security officer has left less than two months after joining the digital bank.
Dinis Cruz will leave the bank this month, after joining the London-based fintech last month.
A company spokesman said: “We can confirm that Dinis Cruz will be leaving Revolut in November by mutual consent and we are currently in the process of recruiting for the position”
Cruz replaced the firm’s previous chief information security officer Paul Heffernan, who lasted a year in the role.
Toxic work atmosphere
Revolut has amassed 7 million customers since its launch in 2015, but has faced questions this year from regulators over its money-laundering controls, and taken potshots from former employees about a toxic work atmosphere as it drives to sign up new customers.
A study of the start and end dates of 147 former Revolut employees on LinkedIn found over 80 per cent had lasted less than a year, and over half stayed at the company for less than six months, according to a feature in tech magazine Wired in February.
The bank founded by former Credit Suisse trader Nik Storonsky (pictured, right) and former Deutsche Bank systems engineer Vlad Yatsenko (pictured, left), has tried to beef up its governance by bringing a number of senior hires.
It has lined up former Goldman Sachs Europe boss Michael Sherwood to join its board, while former co-chief executive Standard Life Aberdeen Martin Gilbert will become its chairman.
Foreign expansion
Revolut, which employs 1,500 staff, competes against digital rivals Monzo and Starling Bank in the UK, and launched in Singapore last month and the US earlier this year.
The app-only bank posted pre-tax losses of £33m in 2018, up from £15m the previous year, while sales jumped to £58m from £13m over the same period.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
Roger Baird
