Fintech Revolut Secures Martin Gilbert as Chairman

Revolut, a London-based 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, announced this Tuesday that it has appointed a new chairperson, by securing Martin Gilbert, the former Standard Life Aberdeen co-Chief Executive, to the role.

The appointment of Gilbert is not surprising, as the CEO of Revolut, Nikolay Storonsky, said in an interview earlier this year that he was in talks with Gilbert about him joining the Board. The appointment as chairman appears to be a result of these talks.

Officially, Gilbert will take on his new position in January of next year. However, he has already been advising the digital bank account provider’s CEO, the company said.

At present, Gilbert is the vice-chairman of Standard Life Aberdeen. According to Reuters, he will be stepping down from this role in September of next year.

After graduating from Aberdeen University in 1978 with an MA in Accountancy and LLB in Law, Gilbert joined the investment department of local law firm Brander & Cruikshank in 1982, which subsequently became Aberdeen Asset Management.

During his career, Gilbert has predominately spent his time at Aberdeen Asset Management. In fact, he has spent more than three decades, leading the asset management company, which is one of the most successful in the United Kingdom.

Revolut's expansion

Gilbert joins Revolut at a time of global expansion. As Finance Magnates reported, the fintech company officially launched in Singapore back in October - the second market outside of Europe for the challenger bank.

At present, Revolut is based in Europe, the United Kingdom, Australia, Singapore, and the United States. Later this year, the fintech company plans to launch in Canada, with the firm planning to launch into 24 markets.

Not only is the company planning to launch into new markets, but it is also strengthening and expanding its partnerships with payment firms Visa, which will see the company hire around 3,500 staff and Mastercard.