Flutterwave, a prominent payments technology company, has announced a strategic reorganization of its leadership team in risk management, compliance, regulatory, and legal affairs. This move is part of a planned succession strategy aimed at reinforcing the company’s commitment to adhering to global standards and achieving sustainable growth.
Prashant Kalia, a seasoned executive with over two decades of experience in risk and compliance, has been appointed as the Chief Risk and Compliance Officer. His background includes leadership roles at notable companies such as Circle, Stripe, Amazon, and American Express. Kalia’s appointment underscores Flutterwave’s dedication to upholding the highest standards in risk management and compliance as it expands globally.
Kalia began his career at McKinsey, advising technology companies after completing his MBA from Columbia University. He then spent over a decade at American Express, holding various roles, including Chief Credit Officer for Corporate Payment Services in Europe and Asia. Prior to joining Flutterwave, he held risk and compliance leadership positions at Amazon, Stripe, and Circle.
As part of the reorganization, Mobolaji Bammeke, the former Chief Compliance Officer, will transition to the role of Chief Regulatory and Data Protection Officer. In this new position, Bammeke will oversee regulatory compliance for Flutterwave in Nigeria and focus on navigating regulatory environments and ensuring data privacy compliance across all operating markets.
Oluwabankole Falade, who has served as Chief Regulatory and Public Policy Officer and recently assumed the role of Chief Legal Officer, will continue to play a key role as the Chief Legal, Regulatory, and Public Policy Officer. This move is expected to provide synergy and clarity across these vital functions.
Amaresh Mohan, the outgoing Chief Risk Officer, will remain as a Strategic Advisor to Prashant Kalia and the Founder and CEO, Olugbenga Agboola, to ensure a seamless transition. According to Agboola, “These key changes demonstrate our proactive approach to risk management, compliance, regulatory, and legal affairs. Prashant’s deep expertise in risk and compliance will be invaluable as we continue to scale globally.”
The reorganization is seen as a significant step in Flutterwave’s efforts to strengthen its risk management and compliance framework, ensuring the company’s continued growth and success in the global payments industry. With this new leadership structure, Flutterwave is well-positioned to navigate the complexities of the global regulatory landscape and maintain the highest standards of regulatory compliance and risk management.
