Bill Rattray becomes Interim CFO at Revolut

The former CFO of Standard Life Aberdeen will replace David MacLean

Bill Rattray has taken up a new role as interim Chief Financial Officer at Revolut after more than 30 years working alongside Martin Gilbert, who left Standard Life Aberdeen (SLA) to become Revolut’s first chairman earlier.

Rattray left SLA last year, announcing his departure the same day, his boss and friend Gilbert stepped down as co-chief executive. He was the longest-serving CFO in the FTSE 100, having been finance director of Aberdeen Asset Management for 26 years before the firm merged with Standard Life in 2017.

Rattray replaces David MacLean, who had joined Revolut from METRO Bank last July and left again after six months “due to personal reasons,” according to a statement made by the bank.

MacLean will remain with Revolut on a project basis until summer, the challenger bank says.

“Under Dave’s leadership the finance team has done a great job in building the financial capabilities that we need to continue grow our business. We have an interim CFO in place, working closely with our deputy CFO and our strong finance leadership team,” Revolut noted in its statement.

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MacLean was one of several key hires the firm made last year to add more retail banking experience.

Earlier this month, the bank appointed two new non-executive directors to the board, former Goldman Sachs executive Michael Sherwood and retail banking risk specialist Ian Wilson.

Transformation plans

MacLean’s departure comes at a time when the bank is driving growth exceptionally.

Revolut’s goal is to transform from a provider of pre-paid cards for overseas travel into an international bank and provider of financial services from travel insurance to commodities trading.

The five years old company completed a long-awaited $500 million funding round that valued it at $5.5 billion, making it the most valuable private fintech in Europe.

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