Revolut has confirmed that Duncan Batty, whom it hired to build its commercial real estate (CRE) lending business, has left the company. The Next Web reported the departure on 6 October 2026; neither a reason nor a successor was disclosed. The departure alone does not establish whether Revolut’s CRE lending operation launched or remains active.
What is known about Batty’s departure
Batty joined Revolut in January 2025 from M&G Investments, where he had co-led the real estate finance platform. The Next Web reported that his departure was confirmed by a Revolut spokesperson and appeared in Companies House filings; the filing detail is attributed to the report.
The reviewed reporting gives no explanation for why Batty left and names no replacement. It also reports no published figure for Revolut’s property lending. No CRE-specific loan-book size, lending volume, transaction count, or target-market breakdown is established.
What Revolut hired him to build
A historical Revolut-attributed job listing described the Head of Commercial Real Estate Lending role as launching a CRE lending unit from scratch. The advertised remit covered the UK and EU mid-market and called for the leader to:
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- Set the lending strategy and choose target market segments.
- Build and manage a team.
- Establish processes and governance.
- Create partnerships with third parties.
- Meet regulatory and compliance requirements.
The listing indicates what Revolut intended the role to accomplish when advertised. It does not show that the lending unit subsequently launched, or that the same geographic scope and plans remain in place. Point Nine’s archived listing is historical evidence of the job brief, not a current statement of operations.
Does Sid Jajodia replace Batty?
No successor has been identified in the reviewed reporting. Revolut announced on 4 August 2026 that Sid Jajodia was its Chief Banking Officer and would join the group board as an executive director, subject to regulatory approval. The announcement describes his banking and lending background, but does not connect him to Batty’s CRE remit or say that he took it over. Revolut’s announcement should not be read as a succession notice.
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What the departure does—and does not—tell us
Batty’s exit raises a reasonable question about continuity because the job listing framed the unit as a business to be established. But the departure is not evidence by itself that Revolut abandoned the plan, failed to launch it, or stopped lending. The available reporting does not establish whether the team or activity continues, has changed scope, or has a new leader.
For readers assessing Revolut’s expansion into lending, the distinction matters: a senior hire and a historical job brief describe intent and remit, while neither supplies current operating data. The Next Web’s 6 October 2026 report confirms the personnel change; it does not provide a CRE loan-book figure or explain the unit’s present status.
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