Revolut, a leading fintech company, is making strategic moves to enhance its governance by appointing two seasoned professionals to its UK board.
- Fiona Fry, a seasoned chartered accountant, offers over 40 years of experience in professional services, making her a valuable asset.
- Sir Peter Estlin, with extensive experience in financial leadership roles, brings a wealth of knowledge to Revolut.
- These appointments come as Revolut transitions to a fully-licenced bank in the UK, demonstrating a focus on robust governance and risk management.
- The $45 billion company is also considering an IPO, although there are reservations about listing in London.
Revolut, recognized as a major player in the fintech industry, is reinforcing its board with two notable appointments: Fiona Fry and Sir Peter Estlin. As of today, both join the company’s UK board, enhancing its leadership with their substantial expertise.
Fiona Fry has built an impressive career over four decades in professional services. As a former partner at KPMG, she specialized in governance and culture, and also contributed her insights to the Financial Services Consumer Panel of the Financial Conduct Authority. Her depth of experience will be vital as Revolut continues to tighten its governance framework.
Sir Peter Estlin, well-known for his tenure as Lord Mayor of the City of London in 2018, brings significant financial acumen to Revolut. His career includes roles at prestigious institutions such as Coopers & Lybrand, now PwC, as well as key positions at Salomon Brothers and Barclays. Estlin’s expertise in financial control and leadership will play a crucial role as Revolut pursues its banking ambitions.
These strategic hires align with Revolut’s ongoing efforts to strengthen its operations and governance. The company has focused on improving fraud controls and expanding its compliance team as it seeks a full banking license in the UK. Revolut’s chairman, Richard Holmes, emphasizes the importance of these experienced appointments to better serve the growing UK customer base.
Revolut’s ambitious plans include a potential Initial Public Offering (IPO), possibly in the near future, though the co-founder, Nik Storonsky, has expressed skepticism regarding a London listing. He has described such a move as irrational, indicating potential challenges and strategic considerations for the company.
Revolut’s board appointments highlight its commitment to strong governance as it navigates significant growth and regulatory milestones.
