Digital bank Revolut has selected a new Chairman of the Board. Martin Gilbert, an individual who has been advising Revolut co-founder and CEO Nik Storonsky, will join the bank on January 1st as non-Executive Chair.
Gilbert is the former co-Chief Executive of Standard Life Aberdeen, co-founder of Aberdeen Asset Management and Chairman of the PRA Practitioner Panel. In 2015, Harvard Business Review ranked martin 22nd out of over 900 in its list of the world’s top-performing CEOs.
Revolut has been adding key executive managers in recent months as it plans its global expansion beyond the borders of Europe. This year, Revolut launched services in Singapore and Australia. Currently, Revolut is accepting customers in the US with thousands of individuals on a waiting list.
Revolut recently signed global deals with Visa and Mastercard. During the month of October, Revolut reports that one million new accounts opened.
Storonsky explained that as Revolut prepares to scale its business globally it’s crucial that their senior team has a blend of forward-thinking creativity and experience.
“Martin is a respected veteran of the financial world, and brings unparalleled experience to Revolut,” said Storonsky. “His knowledge will prove invaluable as we continue our mission to become the world’s first truly global bank.”
Gilbert said that Revolut is a unique proposition in the digital banking world, and he is pleased to be joining the Board at such an important stage in its development.
“Nik and the team have made great strides towards building the bank of the future, and I’m proud to add my deep experience of Board governance and corporate growth to the Board as Revolut continues to expand on a global scale.”
In just four years, Revolut has grown to service eight million customers worldwide. Rumblings indicate that Revolut is looking to raise $1.5 billion at a valuation between $5 billion and $10 billion.
Revolut is a future-forward digital-only bank providing traditional banking services alongside brokerage services, cryptocurrencies, foreign exchange and more.