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.
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 Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term that valued it at $5.5 billion, making it the most valuable private Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term in Europe.
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.
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 Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term that valued it at $5.5 billion, making it the most valuable private Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term in Europe.