Gaffe hits grandees on board of fintech

THE Revolut debacle is an embarrassment for City big-hitters who joined its board.

Most prominent is Martin Gilbert, 67 ( pictured), who is founder of Aberdeen Asset Management, which merged with Standard Life to create Standard Life Aberdeen, now Abrdn. He is Revolut chairman, and was appointed in 2019 to help boost its credentials.

Michael Sherwood, 57, a former top Goldman Sachs executive, is a non-executive director and chairs its remuneration committee. He arrived in 2020 to bolster its governance after it was criticised for a potential breach of transparency rules.

Revolut’s risk and compliance committee is headed by John Sievwright, who was chief operating officer at investment bank Merrill Lynch. Another non-executive director is Ian Wilson, who previously worked at RBS, Santander, Tesco

Bank and Monzo. Caroline Britton, who heads Revolut’s audit committee, spent 18 years as a partner at accountant Deloitte.