Revolut further strengthens its board, with city veterans Michael Sherwood and Ian Wilson

Corporate · 5 March 2020

  • Revolut continues to strengthen its board with experienced finance and technology experts
  • Michael Sherwood, former Co-Chief Executive at Goldman Sachs International, joins Revolut as a Non-Executive Director
  • Ian Wilson, who has previously held executive roles at RBS, Santander, Tesco Bank, Charter Court Financial Services and Monzo, joins Revolut as a Non-Executive Director
  • The new appointments follow the successful Series D funding round in which Revolut raised $500 million at a $5.5 billion valuation

London, 5 March 2020

Revolut today announced the appointment to its board of former Co-Chief Executive of Goldman Sachs International, Michael Sherwood, as a non-executive director and of Ian Wilson, an experienced retail banker and former CRO, as non-executive director.

The news follows the company’s recent announcement of its growth to 10 million customers, and that it has raised an additional $500 million Series D investment round. In a statement last week, Revolut announced that the new capital would be used to strengthen the company’s retail and business product in existing markets, roll-out banking operations in Europe, and help the company strive towards profitability in 2020.

Michael Sherwood spent 30 years at Goldman Sachs, where he was Co-CEO of Goldman Sachs International and Vice Chairman of Goldman Sachs & Co. Mr Sherwood joined Goldman Sachs when he was just 20 and was made Head of Debt Syndicate three years later. He was promoted to partner when he was 29.

Ian Wilson joins Revolut with over 40 years’ experience in retail banking, risk management and compliance. Ian has worked with a number of significant players in the financial services space as both an Executive and Non-Executive Director, including roles at RBS, Santander, Tesco Bank, Charter Court Financial Services and Monzo.

Nik Storonsky, Founder & CEO at Revolut said:
“As we continue to grow our offer and expand into new territories, having Michael and Ian’s vast experience and knowledge will be invaluable. Both are major assets to Revolut and our customers as we work to become the world’s first truly global bank.”

Mr Sherwood and Mr Wilson join experienced fellow non-executive board members Caroline Britton, who recently retired from her role as an Audit Partner at the accounting giant Deloitte after over 30 years of service, and Bruce Wallace, the former Global Chief Operating Officer at Silicon Valley Bank (SVB). In January, Martin Gilbert, the former Co-Chief Executive of Standard Life Aberdeen, Co-Founder of Aberdeen Asset Management and Chairman of the PRA Practitioner Panel, joined Revolut as Non-Executive Chairman of the Board.

ENDS

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