Revolut has confirmed that David Maclean, a finance director at Metro Bank, is set to be appointed chief financial officer, as the FinTech challenger continues to bolster its team with City veterans.

Revolut confirmed that Maclean would be appointed later this year, subject to regulatory approval.

The second in command to Metro’s chief financial officer David Arden, Maclean has served as a finance director at Metro Bank since 2016.

He will depart after a difficult time for the lender, following a reporting error which led to a crash in its share price.

Maclean will replace former chief financial officer Peter O’Higgins, who was an early recruit to Revolut after the company was launched in 2015. He stepped down from the company in March saying “the time has come to pass the reigns over to someone who has global retail banking experience at this level”.

Nik Storonsky, founder and chief executive of Revolut, said: "Dave brings a wealth of banking and financial services experience to the table and, as we prepare to launch Revolut in new international markets, will play a crucial role in our mission to help improve the financial wellbeing of millions of people worldwide.”

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