ComplyAdvantage, a global data technology company, announced that Vatsa Narasimha has been named as the company’s new Chief Executive Officer (CEO), and Charles Delingpole, the company’s founder, and former CEO, will transition to become Executive Chairman. Both will assume their new positions effective immediately.
Charles Delingpole has led ComplyAdvantage since its formation in 2014, taking the company from its inception to operating with 450+ employees and more than 1,000 clients worldwide. Charles will remain a key part of the team in his new position, the statement said.
An inspiring leader and formidable operating executive, Vatsa Narasimha joined ComplyAdvantage more than two years ago from Oanda Corporation, a global leader in online multi-asset trading services and currency data and analytics, where he was CEO. Prior to Oanda, Narasimha spent eight years at The Boston Consulting Group, working with leading financial institutions on a variety of growth strategy, corporate development, and operational issues.
Since arriving at ComplyAdvantage, Narasimha has held the position of Chief Operating Officer (COO), where his leadership has helped the company experience record growth with ARR (annual recurring revenue) growing by nearly 80% last year. This has been fueled by an expanded portfolio of traditional banking and insurance customers, FinTechs, and crypto customers as well as strategic partnerships with world-class BaaS, IDV, and blockchain data providers.
Narasimha has also helped to expand the company’s funding to over $100 million, adding Ontario Teachers Pension Plan and Goldman Sachs to ComplyAdvantage’s top-tier suite of investors that include Index Ventures and Balderton Capital, according to the company’s statement.
Narasimha’s appointment as CEO comes at an exciting time as the company continues to scale globally, becoming a dominant force in fighting money laundering and related financial crimes using massive amounts of data and advanced machine learning to provide customers with financial risk insights, the statement said.
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