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Standard Life Aberdeen's Gilbert joins fintech bank

Standard Life Aberdeen's Gilbert joins fintech bank
 Martin Gilbert

Standard Life Aberdeen vice-chairman Martin Gilbert has been appointed as non-executive chairman to the board of a fintech bank. 

Mr Gilbert is set to retire from his role at Standard Life Aberdeen and that of chairman at Aberdeen Standard Investments next year after announcing he was stepping away from the company last month. 

In an announcement today (November 12) challenger bank Revolut confirmed Mr Gilbert would be joining its board as non-executive chairman on the first day of 2020. 

Since it came to market in 2015 Revolut has gained 8m customers and Mr Gilbert has previously worked with its chief executive Nik Storonsky.

After more than 30 years at Standard Life Aberdeen, and what was formerly Aberdeen Asset Management, Mr Gilbert will retire from the board at the company’s next annual general meeting in May 2020.

When Standard Life merged with Aberdeen Asset Management in 2017, the company Mr Gilbert co-founded in 1983, he became joint chief executive of the company but later moved to the deputy chairman role.

Mr Storonsky said: "As we prepare to scale the business globally it’s crucial our senior team has a blend of forward-thinking creativity and experience.

"Martin is a respected veteran of the financial world, and brings unparalleled experience to Revolut. His knowledge will prove invaluable as we continue our mission to become the world’s first truly global bank."

Mr Gilbert said: "Revolut is a unique proposition in the digital banking world, and I’m pleased to be joining the board at such an important stage in its development.

"Nik and the team have made great strides towards building the bank of the future, and I’m proud to add my deep experience of board governance and corporate growth to the board as Revolut continues to expand on a global scale."

rachel.mortimer@ft.com 

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