Revolut UK has announced the appointment of Fiona Fry and Sir Peter Estlin to its board.
The non-executive director appointments come as the London-headquartered neobank works through the mobilisation period as it seeks a full UK banking licence.
Fry has built a career spanning more than 40 years in professional services. This includes 23 years as a partner at KPMG, where she focused on governance and culture, primarily in the retail banking sector.
She also spent two years on the Financial Conduct Authority’s Financial Services Consumer Panel.
Sir Peter, who served as Lord Mayor of the City of London in 2018/19, became a partner at Coopers & Lybrand in 1993. He has held senior positions across the banking sector including at Salomon Brothers, which became part of Citigroup, before moving to Barclays as group financial controller and later CFO of the corporate and retail bank, as well as acting group CFO.
“I am delighted to welcome Fiona and Peter to the board of Revolut UK,” said Richard Holmes, chairman of Revolut UK.
“Building a board of experienced financial services talent to serve as Independent non-executive directors is an important step as we seek a full banking licence to better serve the growing UK customer base.”
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Sir Peter is currently chair of Vanquis Banking Group plc and non-executive director at Rothschild & Co, chairing the group audit committee and serving on group risk and remuneration committees.
He commented: “I’m thrilled to join Revolut UK’s board at such an exciting time, as we continue to transform financial services and empower customers across the country.”
Fry is currently a non-executive director and chair of the board risk committee at Aviva, as well as chair of the board risk & compliance committee at AJ Bell plc.
She said: “Revolut UK is on a mission to be an innovator across the financial services. It is a great privilege to join the team and help deliver for our customers.”