Global financial superapp Revolut announced that it has appointed Raymond Ng as Singapore CEO as it continues its upward growth trajectory in the country.

Raymond will focus on leading and building the next chapter of Revolut’s expansion in Singapore, developing and implementing the local business strategy.

The new appointment follows Revolut’s recent launch of its crypto products in Singapore.

Prior to joining Revolut, Raymond was the Chief Commercial Officer at payment network company Liquid Group where he lead the product and business development as well as global expansion efforts.

He also previously held senior executive roles at large global corporations such as Microsoft, Visa and Mastercard as well as several tech startups.

According to Revolut, its customer base in Singapore has grown 6-fold since the onset of the COVID-19 pandemic, and its revenue run rate has more than doubled in the past 12 months.

Revolut added that it is looking to establish Singapore as one of the cornerstones of its global business and plans to set up several global product hubs.

Nik Storonsky, CEO and Founder at Revolut said,

“With a wealth of experience in the mobile, payment and travel tech sectors and an outstanding track record in scaling the business across new markets in the APAC region, Raymond is an excellent fit for the role and his appointment is a major achievement in our continued mission to become the world’s first truly global financial superapp.”

Raymond Ng, Revolut’s Singapore CEO said,

“I’m thrilled to lead the exceptionally talented team and bring Revolut’s super app offering to Singapore as we continue to develop the best financial solutions for millions in Singapore, especially those who are looking for hassle-free digital alternatives to get more from their money.”