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Revolut beefs up executive team with ex-Goldman and Credit Suisse bankers

Oscar Williams-Grut
Senior City Correspondent, Yahoo Finance UK
Nikolay Storonsky, Founder & CEO, Revolut. Photo: Stephen McCarthy/Sportsfile via Getty Images

Fast-growing financial technology startup Revolut has announced three new senior hires as it continues to bolster its management in response to controversy earlier this year.

Wolfgang Bardorf, formerly of Deutsche Bank and Goldman Sachs, is joining the company as treasurer, Revolut said on Friday.

Stefan Wille, a former VP at challenger bank N26 and ex-Credit Suisse banker, has also been appointed as deputy chief financial officer and Philip Doyle has been appointed director of financial crime risk. Doyle joins from challenger clearing bank ClearBank and was formerly at Visa.

The senior hires add to a raft of recent appointments at the top of the startup. Richard Davies, a veteran of HSBC, Barclays and TSB, recently joined as chief operating officer and Dave MacLean, the former finance director at Metro Bank, was appointed chief financial officer. Aberdeen Standard Life vice chair Martin Gilbert is an adviser to CEO Nikolay Storonsky and is also reportedly set to be named chairman of the fintech.

The senior hiring spree comes after criticism of the company culture and reports of allegedly lax processes. The company has pushed back but said that it is “growing up.”

READ MORE: Revolut calls in ex-Daily Mail editor and hunts defamation lawyer as negative headlines continue

Storonsky said in a statement on Friday: “This year we’ve made some exceptional senior appointments to the company.

“As we continue to strengthen our existing governance and processes we’ve hired some of the most talented professionals, with many years experience, delivering world class business practices.

“I’m looking forward to welcoming Philip, Stefan and Wolfgang to Revolut’s executive team and I have no doubt their knowledge will be invaluable as we grow.”

Revolut began as a foreign exchange app linked to a pre-paid card but has quickly morphed into a wide-ranging financial services app that offers everything from cryptocurrency and stock trading to current accounts.

The startup, founded in 2015, has 6 million customers across the UK and Europe. It has raised over $300m to date and was valued at $1.7bn in a fundraising last year.

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Oscar Williams-Grut covers banking, fintech, and finance for Yahoo Finance UK. Follow him on Twitter at @OscarWGrut.

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