
Revolut kicks off recruitment drive in Western Europe
0
Following the recent appointment of Béatrice Cossa-Dumurgier as CEO Western Europe, Revolut is launching a major recruitment drive across the region.
Over 400 roles are set to be opened in France, Spain, Italy, Ireland, Germany, and Portugal over the next few years, spanning compliance, risk management, and other key functions — with at least 200 of those roles based in France.
In parallel, approximately 600 existing Revolut employees will progressively transition to the French entity once it has been established, particularly in customer support, credit, and product functions to support the development of new features, including mortgages and business loans in the region.
The ramp-up intends to begin with around 80 new hires in the first year and scale to over 400 direct roles by 2029. Combined with continued operational support from the wider group, more than 1,500 employees will be dedicated to Revolut's French banking entity by the end of the decade.
Further leadership team executive appointments will be announced later this summer. These recruitment efforts are taking place in parallel with Revolut's ongoing application for a banking licence in France.
Cossa-Dumurgier says: 'We're already hard at work building our new Western Europe headquarters in Paris - and that comes with a major hiring push across the region. Western Europe is home to a massive pool of talent, and we intend to make the most of it - attracting top professionals eager to shape the future of banking and build the next generation of financial services.'
Revolut reported bumper growth for the full year 2024, driving pre-tax profits to $1.4 billion and net profit at $1 billion.
The fintech super app is reportedly in talks to raise around $1 billion at a valuation of $65 billion by issuing new shares and selling existing ones.
The firm was last valued at $45 billion in 2024 after selling shares on the secondary market.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
17 minutes ago
- The Sun
Satander cuts more than 2,000 UK jobs — with more potentially on the way
SANTANDER has cut more than 2,000 UK jobs as part of major restructuring — with more redundancies potentially on the way. Boss Mike Regnier said the cuts are part of a push to simplify operations and invest in tech, as more customers move to online banking. Last October, the bank, which has used TV's Ant and Dec in its ads, had announced its intention to cut more than 1,400 jobs. It then warned a further 750 were at risk after revealing in March it was closing 95 branches and reducing hours at 50 sites. Its Spanish parent firm recently struck a £2.65billion deal to acquire rival TSB, raising speculation about further job losses and branch closures. Mr Regnier said no decisions have been made as the deal is not yet finalised, but it is expected to be complete by early next year. The bank reported a five per cent drop in pre-tax profits to £764million for the first half of 2025. Meanwhile, HSBC revealed a 26 per cent drop in pre-tax profits for the same period. It blamed the fall on trade tensions and a £1.6billion hit from its Chinese investments, as well as selling off its operations in both Canada and Argentina. HSBC has saved £524million as part of its cost- cutting plan, targeting £1.1billion annually by 2027. Boss Georges Elhedery said the bank has started reviews of its retail banking businesses in Australia, Indonesia and Sri Lanka. 2 HMRC REFUNDS MORE than 500,000 people have claimed refunds for overpaid tax on pension withdrawals since Pension Freedoms began in 2015, HMRC figures show. Almost £1.5billion has been returned to those overcharged after being given an 'emergency tax code' when cashing in lump sums. As retirees must fill out forms to get refunds sooner, critics say the process prioritises HMRC convenience over those affected. BEER SAMPLES PUB giant Greene King is offering samples of a new beer in three-inch glasses so punters can try before they buy. Drinkers can request a taster of the brewer's Hazy Day Fruity IPA to decide if it's for them before paying out for a full pint. It comes after a poll found that 70 per cent of pubgoers do not ask to taste an beer before paying — with nearly a third of adults under 28 too nervous to ask. SAINSBURY'S BANK SALE SAINSBURY'S has taken another major step in winding down its banking arm — selling its car and home insurance business to Allianz and its travel money operations to Fexco Group. It follows last year's sale of loans, mortgages and savings to Natwest, as Sainsbury's shifts focus to its groceries. Thousands of insurance customers on auto-renew policies will be transferred to Allianz from November and travel money kiosks will stay open under Fexco. Pet and life insurance are Sainsbury's only products left but are set to be sold.


Reuters
17 minutes ago
- Reuters
CVR Energy names Mark Pytosh as CEO, adds Brett Icahn to board
July 30 (Reuters) - Carl Icahn-backed CVR Energy (CVI.N), opens new tab on Wednesday named Mark Pytosh as chief executive officer and appointed Brett Icahn to its board. Pytosh will assume the top role effective January 1, 2026, succeeding Dave Lamp, who announced plans to retire from the position effective December 31. Icahn's activist investment firm Icahn Enterprises (IEP.O), opens new tab currently holds a 68.5% stake in the U.S. refiner and is working to further boost its ownership to 84%. Brett Icahn is the son of billionaire Carl Icahn. He will join the refiner's board, effective August 1. The activist investor believes CVR's shares are undervalued in the market and represent an attractive investment opportunity at a time when U.S. refining margins have slumped from the highs reached in 2022. The company also reported a net loss of $114 million for the second quarter, compared with a year-ago profit of $21 million. Its shares fell 4.5% after the bell.


Reuters
17 minutes ago
- Reuters
Invitation Homes quarterly revenue beats estimates on high occupancy, strong renewals
July 30 - Real estate investment trust Invitation Homes (INVH.N), opens new tab reported second-quarter revenue above Wall Street expectations on Wednesday, helped by high occupancy and renewal rates. The largest U.S. landlord for single-family homes has long benefited from a persistent national housing shortage, which has helped keep occupancy rates high and gradually raise rents over time. The company, which leases about 85,000 homes across 16 U.S. markets, reported revenue of $681 million for the quarter ended June 30, up about 4.3% from the prior year. Analysts on average had expected the company to report revenue of $667.9 million, according to data compiled by LSEG. The Dallas, Texas-based REIT reported second-quarter FFO per share of $0.48, in line with estimates. Also, the company expects its core FFO for 2025 to be in the range of $1.88 to $1.94 per share, the midpoint of which is slightly below analysts' expectations of $1.92 per share. It reported same-store new lease rent growth of 2.2%, reflecting rental increases for new tenants. Same-store renewal rents increased 4.7%, contributing to a blended rental growth rate of 4%, which combines new lease and renewal figures.