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Key role for finance chief

Gilbert ‘to take reins’ at digital banking challenger Revolut

Martin Gilbert

Gilbert: experienced hands on new bank (pic: Terry Murden)


 

Martin Gilbert, vice chairman of Standard Life Aberdeen, is poised to be appointed chairman of London-based challenger bank Revolut, indicating a desire to mix new-age financial services with experience and tradition.

A number of new contenders to traditional banks, particularly those that have launched in London, are being led by young former senior technologists with a will to disrupt the traditional methods of banking.

Mr Gilbert, 64, has spent his entire career within the upper tiers of the asset management industry. He served as CEO of Aberdeen Asset Management until its merger with Standard Life in 2017.

He was chairman of FirstGroup from April 1995 to January 2014, and also served on the board of Sky. He is a senior independent director at natural resources giant Glencore and rtecently joined the advisory board of Tennor Holding, German entrepreneur Lars Windhorst’s holding company.

His anticipated appointment at Revolt follows a difficult time for the bank after it faced increased regulatory scrutiny in the wake of reports about a toxic workplace culture.

The digital bank has grown rapidly since its inception in 2015 and now has almost 6m customers and a full Eurozone banking licence.



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