Martin Gilbert to Take Over UK Based Digital Bank Revolut as Chairman

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Revolut

Martin Gilbert to Take Over UK Based Digital Bank Revolut as Chairman

July 16, 2019

As per recent announcement made by London based digital banking service provider Revolut, the firm is planning to appoint UK based industry Martin Gilbert as its new Chairman. This appointment will make Gilbert, Revolut’s first ever chairman since the firm was founded four years ago. According to a report published in financial times website, this move by the banking service provider could be viewed as an attempt to strengthen the firm’s governance in a bid to improve investor sentiment especially since it has a fundraising event planned in near future. Gilbert’s appointment to Revolut will bring the firm which has so far engaged in modern and disruptive business practices, the wisdom of an executive who has institutional experience handling traditional finance business. The report lacks the information on when exactly Gilbert will join the bank but articles found online hint that he will become member of Revolut board in few weeks.

Martin Gilbert
Martin Gilbert

As per report in financial times website, he also already been acting as an unofficial advisor for the firm having assisted the firm’s CEO Nikolay Storonsky for few months now. As per information in his LinkedIn profile, he is currently working at Standard Life Aberdeen PLC one of UK’s major investment firms for nearly two and a half years. He joined the firm as its Chief Executive Officer back in August 2017 and is currently serving in the role of Vice Chairman which he took up back in March 2019. Gilbert is an industry veteran with more than 30 years of experience under his belt. Gilbert founded Aberdeen Asset management back in January of 1983 and has since held the role of its Chief Executive Officer and Co-Founder.

The firm went on to merge with Standard Life back in August 2017 after having remained in the market for more than three successful decades becoming the largest asset management firm in UK and also emerging as one of world’s largest ever investment company. While he will take up the role of Chairman at Revolut, he is still expected to retain his role of Vice Chairman at Standard Life Aberdeen and will also remain as a senior independent director for Glencore at same time. Revolut which started catering to clients as a mobile app based business which focused on travel money has since grown into a fully fledged digital banking service provider with full banking license in Eurozone and close to 6 million clients currently. The firm is currently valued at $1.7 Billion as per data published during fund raising event last year and is expected to raise yet another $500 Million in upcoming fund raising event.

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