Revolut opens new office in Paris after big SocGen hire

After building its French team over the past 12 months, app-based bank Revolut has moved into a new Paris office.

Revolut has been in France since 2017, but it closed its Paris office in 2020 during the pandemic. In 2021, the entire company switched to permanent flexible working. A spokesperson said the new Paris office, which is based in a WeWork with a view of Sacré-Coeur, is for colleagues who want to be flexible and come into the office occasionally while staying remote.

Revolut has hired 70 people for its French office over the past year, nearly doubling its size. Among them, Michel Bine, the former global head of FIC trading at SocGen. Bine left SocGen after 12 years in March 2020 and quietly joined Revolut as chief investment officer in April 2022. In May, Revolut also hired Franck Firat Koksel, a new France-based HR strategy manager at McKinsey & Co., as well as Baudouin de Fréminville. , an Oliver Wyman credit operations manager and financial crime analyst who worked for SocGen until September 2021.

Revolut is still recruiting in France. The bank currently has 19 open jobs that list working in French remotely as a possibility, including positions in business development, data, credit and compliance.

Revolut has a reputation for being a tough place to work. However, it also has a reputation for offering flexibility to employees, as long as they get the job done. Many of its French recruits work outside Paris, in cities like Lyon.

As less established fintechs struggle in the new funding environment, Revolut may seem like a safe option. The bank made cuts in Warsaw at the start of the pandemic, but continues to expand in 2022 after raising $800 million in funding from Softbank and Tiger Global (which are not doing well at the moment). last year. Bloomberg noted in Mary that Revolut has yet to obtain a banking license for the UK and this is delaying the licensing process in America. In Europe it is licensed through a subsidiary in Lithuania.

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