Islamic fintech company Wahed Invest has courted an ex-banker to lead its robo-advisory business in the UK.
Umer Suleman will oversee Wahed Invest’s UK operations and drive its nationwide expansion as its general manager. Umer brings with him 15 years of experience in regulatory, risk and strategy consultancy roles as well as advisory roles at different firms across multiple sectors including at HSBC, Daiwa Capital Management and EY. Umer spent seven years at HSBC, heading KYC (know your customer) risk within the bank’s global banking and markets business, among other positions.
The appointment of Suleman comes within six months of Wahed acquiring UK-based Islamic banking digital start-up Niyah. The company expects to utilize the UK’s position as a leading hub for Islamic finance as a springboard into other European cities. Since its launch in 2017, Wahed has built a pool of over 200,000 active clients from around the world.