Freetrade poaches new CFO from Revolut

By Daniel Lanyon on Monday 20 September 2021

Savings and Investment

Freetrade has ridden the wave of growing demand for digital investment services during the pandemic as well as started to make the move to expand internationally.

Freetrade poaches new CFO from Revolut
Image source: Photo by Kindel Media from Pexels

Freetrade has appointed Paul Brooking as its new Chief Financial Officer.

Formerly deputy CFO and Head of Financial Control at neo banking challenger Revolut, Brooking will now oversee Freetrade’s coffers as it seeks to continue a period of high growth - which includes 400 per cent revenue growth between August 2020 and August 202, the firm claims, and international expansion into the European market.

Prior to Revolut, he held senior positions in payments platform, Paysafe Group, and London-listed trading platform, IG Group. He began his career at PwC.

Adam Dodds, Freetrade Founder and CEO, said: “I am pleased to welcome someone with such a wealth of private and public company experience in senior finance roles to our team. Paul’s expertise will be invaluable as we continue to scale our business and expand into new markets.”

Paul Brooking, CFO at Freetrade, said: “I’m thrilled to be joining such an exciting business at this important point in its growth. The team’s commitment to get everyone investing is inspiring. There is a real need for a product that offers low-cost and equitable access to global equity markets that, importantly, puts customers’ long-term best interest at the heart of everything we do.”

Freetrade and Revolut have some history when it comes to hiring from each others' senior ranks. Revolut nabbed Freetrade's co-founder and CTO Andre Mohamed, who became its head of wealth and trading in November 2018.

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