The former president and Chief Executive Officer (CEO) of OANDA Global Corporation, a leading online foreign exchange (forex) trading platform, Vatsa Narasimha, has moved to ComplyAdvantage, the company announced this Monday.
ComplyAdvantage is a regtech company that uses data and machine learning to reduce the risk of financial crimes. Narasimha has been appointed as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) of the company.
Narasimha spent almost six and a half years at OANDA, initially joining the trading provider in September of 2013 as the COO, CFO, and Executive Vice President. In January of 2017, he was promoted to CEO and President of the company and then moved to non-executive director of OANDA.
ComplyAdvantage eyes expansion
In the statement released by the regtech, Charles Delingpole, Founder and CEO, ComplyAdvantage said: “I’m excited to have Vatsa partner with me to usher in the next phase of growth for ComplyAdvantage.
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“Vatsa is a well-respected fintech executive who was instrumental in OANDA’s success story. I look forward to what we will accomplish together as we grow our next-generation anti-money laundering technology platform across new markets.”
Before his stint at OANDA, Narasimha was a Principal at The Boston Consulting Group for eight years. In this role, he worked with financial institutions on a variety of growth strategies, corporate development, and operational issues.
“ComplyAdvantage has a strong customer-centric vision and has demonstrated its impact across financial institutions and fintech clients,” Vatsa Narasimha, CFO & COO of ComplyAdvantage added in the statement.
“The team at ComplyAdvantage have done a fantastic job broadening its global footprint by offering a range of innovative compliance solutions. I’m excited to join the company at this pivotal time of growth as we work to become the industry standard for accurate, real-time AML data and technology that all financial institutions and corporates need,” he continued.