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D’Arcy left role as Revolut director when company dropped Irish e-money licence

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Michael D’Arcy, the chief executive of the Irish Association of Investment Management, has confirmed he left his role as an independent director of Revolut because the fintech’s Irish business was being “wound down”.

Revolut had been approved for an e-money licence by the Central Bank of Ireland in December after

a lengthy wait, but instead opted to use a full European banking licence from Lithuania in February.

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