Revolut Appoints New Chairman
Revolut has announced their newly appointed chairman. The London established fintech exchange had acquired Martin Gilbert, who before this job worked as the Co-Chief Executive for Standard Life Aberdeen.
He is expect to start his role shortly, which has been rumoured and expected for some time now. Nikolay Storonsky was in talks with Martin Gilbert for more than six months, determining which role would suit him best and provide Revolut with the best of his capabilities. The result is his appointment as New Chairman.
Martin Gilbert is already advising digital bank accounts of Revolut, ensuring their possibility. However, he isn’t officially taken his new position until 2020 January. He will also remain with Standard Life Aberdeen in a smaller role, acting as a Vice-Chairman. Gilbert won’t step down from SLA until 2020 September.
Most aren’t aware of Martin’s history in financial markets. His journey began at Aberdeen University, where he graduated in 1978 with a master’s in accountancy and law. His first job came from Brander & Cruikshank four years later, who would eventually become Aberdeen Asset Management.
Martin Gilbert has spent the majority of his career with this company, more than thirty years in fact. Considering that AAM and SLA are two of the most successful firms in the United Kingdom, it’s not shocking that Revolut would employ Martin.
The Revolut Expansion Process
Martin Gilbert takes on his new role as chairman during a time of worldwide expansion for Revolut. It’s only been a few weeks since the exchange launched their services in Singapore, which is the second-largest market they’ve operated in outside of Europe. Their services are maintained in the United Kingdom, Europe, Australia, the United States and Singapore. It’s estimate that their fintech platform will be launched in Canada and 24 other markets by the end of 2020.
Revolut hasn’t been assisting only themselves, as they’ve also worked extensively to grow their partnerships while entering these new markets. An example would be their partnership with Visa, which will see the credit card corporation hire more than three thousand employees to account for Revolut’s global expansion.