Revolut’s President of Growth Hannes Graah Set to Leave

Hannes Graah, president of growth at digital bank Revolut, is set to leave the firm, according to market sources.

Graah is responsible for driving the company’s growth, leading more than 100 people in Revolut’s distributed markets organisation and its central performance, Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, brand, product and data science teams focused on growth.

Graah had joined Revolut one year ago from Spotify, where he spent eight years in several roles years, including global head of new markets.

He worked with the music, advertising and tech industries to provide music listening opportunities for people in countries, where Spotify is not yet launched.

Graah was also a managing director for Japan and a business operations director at the firm, working with the CEO and COO on assorted projects.

Prior to joining Spotify, Graah was global chapter chair at H2 in Tokyo, a leadership network for the technology industry.

He also worked as an associate brand manager at Procter&Gamble in Geneva.

Earlier in his career, Graah co-founded several firms, including Psynapsys in Swerden, where he developed websites with CMS and assorted software solutions for small to mid-sized companies.

Covid-19 related pressure

Revolut has seen a series of departures over the few months as an aggressive profitability push.

The firm has lost eight senior executives since March this year. The departures were all in the bank’s “People Operations” department.

Due to the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term crisis, the digital bank’s staff is under increasing pressure to meet targets, according to people familiar with the matter.