The commission-free brokerage platform based in the United Kingdom, Freetrade, has announced a major change in the leadership structure of the firm as Paul Brooking will be coming on board as the Chief Financial Officer. It was also included that he has already resumed the new role at the beginning of this month.
Paul Brooking is resuming with 16 years of experience in the financial industry. He has spent substantial time with some traditional financial players and fintech in his career.
Brooking’s previous role was at Revolut, where he served as the Head of Financial Control and Deputy DFO for almost a year. Before his appointment with Revolut, he worked as the Group Financial Controller and SVP of Paysafe.
In addition, he spent about nine years at IG, a brokerage giant in some leadership roles but leaving as the Head of Corporate Finance. His career began at PricewaterhouseCoopers, where he spent more than a decade.
Speaking in the appointment, Adam Dodds, the CEO, and Founder of Freetrade, said: “I am very excited to welcome a personality with huge experience in public and private companies in the senior finance team of our company. The expertise of Paul will be required to scale our business and expand into the new market horizon ahead of us.”
Expanding Service Reach
The appointment of Paul Brooking came at the time the demand for the services for Freetrade was hitting the roof, and the company is looking to set its footprint in Europe. At the beginning of the year, the no-brokerage fee firm appointed a new Managing Director for its Sweden Branch, Karl Broome, and two other new Non-Executive Directors – Torbjorn Ericsson and Annica Lundblad.
Meanwhile, the company had recently secured about £50 million in its just-concluded financing round, which was supported by some major reputable venture capitals.
Speaking on his appointment with Freetrade, Brooking said: “I am more than excited to join such a great business at this strategic time of its development. The commitment of the team to get to everybody in the market is quite inspiring. There is a need for products offerings that offer equitable and low-cost access to the global equity markets while we put the long-term interest of our customers at heart in all we do.”