Revolut, a European fintech company, has appointed Francesca Carlesi as its new CEO for the UK. Carlesi, a former executive at Barclays and Deutsche Bank, will oversee Revolut's UK operations and the banking division once the company receives a banking license. The appointment comes as Revolut seeks to strengthen its presence in the UK and obtain a banking license, which would allow it to offer lending products and benefit from insurance on deposits. Revolut has faced challenges in obtaining the license due to concerns about internal working culture, accounting issues, and complex share structures.

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