Revolut’s commercial real estate lending chief exits

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Duncan Batty, hired from M&G Investments in January 2025 to build Revolut’s commercial real estate lending business, has left the company, with his departure appearing in Companies House filings and confirmed by a spokesperson. Neither a reason nor a successor has been given, and it comes as Revolut expands across banking, wealth and payments ahead of a listing it says is about two years away.

The executive Revolut hired to build its commercial property lending business has left, less than two years after joining. The company confirmed it. Nobody has said why.

Duncan Batty was co-head of the real estate finance platform at M&G Investments before Revolut recruited him in January 2025, and his departure surfaced in Companies House filings, as Bloomberg reported. A spokesperson confirmed the exit. No successor has been named.

Revolut was not a fully licensed British bank when he arrived.

It won the licence with...

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