Technology

Former Goldman Sachs chief Michael Sherwood to join UK fintech Revolut

The former boss of Goldman Sachs Euoprean operations, Michael Sherwood, is set to join the board of UK fintech company Revolut.

Sherwood, who is one of the most prominent bank executives in the City, will be announced in a non-executive directorship next week, according to Sky News.

Read more: Revolut tops 100 startups of 2019

Sherwood left Goldman in 2017 after three decades with the firm and will join the challenger bank, run by former investment banker Nikolay Storonsky.

Storonsky is also looking to name a prominent chairman in a bid to strengthen its relationship with regulators, Sky News claim.

It is the latest sign of Revoluts intent, with the bank now close to 6m customers across Europe – half of whom are based in the UK.

The digital bank were recently named as the number one UK startup of the year, and Storonsky has previously said he wants Revolut to be worth more than $20bn before considering a stock market listing.

It is expected to seek a further funding round in the region of $500m over the coming months, with the value of bank set to be estimated at more than $5bn.

Read more: Read More – Source

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