The hunt for a UK Chairperson is another big step towards obtaining that ever-elusive UK banking licence.
The firm is looking for a “Chairperson to lead the board of Revolut’s subsidiary in the UK.”
Other responsibilities include establishing strong board governance, oversee its risk & compliance and audit committees and to oversee the appointment of other new directors.
This role would be separate from Sir Martin Gilbert, who chairs the digital banking startup at a group level.
Revolut is looking for a candidate with experience not only on a company’s board but specifically in a challenger or startup fintech, as well as a “strong relationship with senior regulators.”
Early last month, it was reported that the digital banking service was preparing its application for a banking licence, having operated in the UK for five years without one.
The banking service does, however, hold a Lithuanian banking licence, which it obtained in December 2018, and is regulated by the Bank of Lithuania.
A couple of weeks ago it was also revealed that Revolut, while yet to furlough any staff, had given its executives a 25 per cent pay cut and co-founders Nikolay Storonsky and Vlad Yatsenko were forgoing a salary for the next year.
A spokesperson for Revolut said: "Revolut has always said that our ambition is to become a global financial platform and we may consider an application in the future. Revolut has not at this stage applied for a UK Banking licence."