Revolut taps up City heavyweight Martin Gilbert to be chairman as it eyes United States launch
- Revolut appoints Martin Gilbert to strengthen its senior management
- Fintech company expects to expand into the US by the end of the year
- Gilbert has been working with CEO Nik Storonsky in an advisory capacity
Banking app Revolut has appointed City grandee Martin Gilbert as its non-executive chairman as the company seeks to strengthen its senior leadership and expand into new markets.
Prior to his formal appointment, Gilbert has been working closely with CEO Nik Storonsky in an advisory capacity and is set to begin his new role on 1 January 2020.
Gilbert was co-founder of Aberdeen Asset Management, which became one of the largest UK asset managers through a mix of organic growth and strategic acquisitions.
Martin Gilbert will bolster the management team and assist Revolut’s expansion beyond Singapore and Australia
He became co-chief executive of Standard Life Aberdeen following a merger with Standard Life, but stepped down earlier this year.
‘Revolut is a unique proposition in the digital banking world, and I’m pleased to be joining the board at such an important stage in its development,’ Gilbert said.
‘Nik and the team have made great strides towards building the bank of the future.’
This year, Revolut launched in Singapore and Australia, and the company is on course to launch in the United States by the end of the year.
Revolut is set to increase its global footprint with Visa and Mastercard deals
Revolut has made other key appointments across its senior management in recent months.
Former COO of HSBC, Richard Davies joined as the new chief operating officer while Dave MacLean, the former finance director at Metro Bank, joined in October as chief financial officer.
Revolut’s 8 million European customers can spend and transfer money globally, manage budgets and buy crypto currencies via the app.
Users can also exchange fiat currencies and it recently launched a commission-free stock trading service.