New York-headquartered Wahed has named Mohsin Siddiqui as chief operating officer (COO) to oversee the Islamic fintech company’s global operations as well as regional expansion.
“I look forward to introducing Wahed’s technology platform to several key markets where there is a substantial need for Riba-free financial solutions for retail investors,” Mohsin shared.
Mohsin began his career at New York-based online trading platform OANDA. As chief customer officer and managing director, he expanded OANDA’s presence in the North American markets and spearheaded its growth into several APAC markets. He was most recently the chief revenue officer of UK-based regtech firm, Comply Advantage, where he led the firm’s revenue growth strategies after its Series C funding round.
Mohsin replaces Khalid Yousaf who joined Wahed in 2016 from KPMG where he served as the director of Islamic finance and financial advisory services.
Mohsin’s appointment comes at a time when the Islamic fintech firm is aggressively diversifying its services. Starting out as a Halal robo-advisor in 2014, the company has been positioning itself as a one-stop hub for digital Islamic financial services. Earlier this year, it acquired a digital Islamic wills provider and a legal firm specializing in Muslim estate planning. It also purchased Maydan Capital, which was relaunched WahedX, a global equity crowdfunding platform last September. In December, it bought over Islamic digital banking start-up Niyah.
Wahed is licensed in 10 jurisdictions through its subsidiaries around the globe, with 11 offices serving over 300,000 customers.