By Ben Harrington For The Mail On Sunday Published: 17:31 EDT, 6 July 2019 | Updated: 17:31 EDT, 6 July 2019 Online bank Revolut is poised to appoint former Goldman Sachs executive Michael Sherwood to its board. Sherwood, who ran Goldman Sachs’s European division until 2017, will join as a non-executive director. Revolut was set up five years ago by former investment banker Nikolay Storonsky. It has become one of Britain’s fastest growing financial technology firms with around six million customers. Revolut was set up five years ago by former investment banker Nikolay Storonsky Sky News said the appointment was part of a move to strengthen the fast growing firm’s relationship with regulators. Storonsky wants to increase the firm’s value to as much as $40billion before it considers a stock market listing, likely to be several years away. Sherwood, known as Woody, was regarded as one of the City’s most powerful figures during his time at Goldman Sachs. He left after a 30-year career just months after becoming embroiled in an investigation into the collapse of stores chain Bhs. He had previously advised former Bhs owner Sir Philip Green but he denied his departure was linked to the fiasco. Advertisement Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
Revolut has hired robin ##son as a non - executive director . Sherwood ran the European division of Goldman ##tech until 2017 . robin is the UK 's fastest - growing fintech and is looking to improve its relationship with regulators as it expects a valuation around $ 40bn ahead of a possible IPO in a couple of years .