Nik Storonsky, the visionary who came from Russia to revolutionize the financial industry with Revolut: ‘At legacy banks, it’s almost impossible to get something new off the ground’
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Number 116 on Rue Réaumur in Paris sits at the crossroads of the two worlds that define Revolut. On one side lies the historic financial district centered around the stock exchange; on the other, the Sentier neighborhood, home to much of the French capital's technology ecosystem. It is at this intersection of finance and technology that the bank is preparing its new headquarters for Western Europe. Inside, the building is still under construction: plastic sheets cover the floors, protective tape lines the walls and the air smells of fresh paint. The offices are still months away from being completed, but on this particular day the atmosphere has the feel of a stage being readied for a special guest: the bank's founder and chief executive officer, Nik Storonsky. The man who has upended the banking industry bears little resemblance to the traditional banker stereotype. Born 42 years ago in Dolgoprudny, on the outskirts of Moscow, and later naturalized as a British citizen, he did not spend decades climbing the ranks of a major financial institution, nor does he come from the classic mold of banking leadership. He also doesn't speak like someone concerned with pushing whichever product delivers the highest sales. His focus is on identifying problems and finding the most efficient way to solve them. Trained in mathematics, physics and economics, his way of thinking and speaking...
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