ComplyAdvantage has elevated Vatsa Narasimha to become the new Chief Executive Officer. He replaced the company’s Founder, Charles Delingpole for the apex role, who has now become the Executive Chairman.
Narasimha previously held the roles of Chief Operating Officer and Chief Financial Officer at ComplyAdvantage after joining the company in January 2020.
“Vatsa is an exceptional operating executive who has worked hard and delivered incredible results, earning him the right to become our next CEO,” said Delingpole.
Indeed, the annual recurring revenue of the company jumped by 80 percent last year. In addition, Narasimha played a key role in bringing over $100 million in funding to the company.
ComplyAdvantage is a regtech company that uses data and machine learning to reduce the risk of financial crimes. The appointment of the new CEO came when the company is scaling its operations globally.
“ComplyAdvantage is entering a new phase of growth, so the time is right for Vatsa to step into the CEO role,” said Jan Hammer, a partner at Index Ventures and a board member of ComplyAdvantage.
Industry Experience
Narasimha is a financial industry expert with two decades of experience. Before joining ComplyAdvantage, he was with OANDA for almost six and a half years. Initially, he joined the broker in September 2013 as the COO, CFO and Executive Vice President and was later promoted to CEO and President of the company. After that, he moved to non-executive director.
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.
At present, along with his position at ComplyAdvantage, he is an Advisory Board Member at CipherTrace.
“Since my first conversation with Charlie, it has been obvious to me that ComplyAdvantage was built to solve the large and pressing problem that is financial crime detection,” Narasimha said in a statement. “I am excited to step into this role while continuing to work closely with Charlie as we make a significant impact for the customers we serve around the world.”
