Leadership Evolution: Zafin Announces Strategic CEO Transition to Propel Future Growth
2024年4月24日 - 10:15PM
Leadership Evolution: Zafin Announces Strategic CEO Transition to
Propel Future Growth
Zafin, the leading provider of SaaS core modernization and
transformation solutions for banks, today announced a strategic
leadership transition that has been part of the company’s long-term
success plan. After more than two decades of exemplary leadership,
Al Karim Somji will step down as Chief Executive Officer of Zafin.
He will continue to serve as an ongoing member of the Board of
Directors.
As a founder of the Company, Al Karim has been
pivotal in shaping Zafin's success, leaving a lasting legacy of
excellence and innovation. Under his stewardship, Zafin has
experienced significant growth and success, reinforcing its status
as a leader in global banking technology.
As an active board member and substantial owner, Al
Karim will provide essential insight and guidance to ensure a
smooth leadership transition. His extensive experience will
continue to influence Zafin's strategic direction.
Charbel Safadi, who has served as Group President
of Zafin, will succeed Al Karim as the new Chief Executive Officer,
effective immediately. With a proven track record of leadership, a
passion for driving change, and a comprehensive understanding of
Zafin's operations and culture, Charbel is ideally positioned to
propel the Company into its next phase of growth and success.
Reflecting on his tenure, Al Karim expressed his
gratitude, stating, "It has been a remarkable journey and an
absolute privilege to lead Zafin through its many milestones and
successes. I am extremely proud of our accomplishments over the
last two decades—from our original vision to revolutionize the
financial services industry to elevating Zafin to a category of its
own in core modernization and transformation solutions. Today,
Zafin is uniquely positioned as a leader in the global banking
technology landscape. I want to extend my deepest appreciation to
my co-founders, Anugopal Venugopalan and Dinesh Krishnan, whose
ongoing leadership continues to drive our vision forward. Together
with the unwavering dedication of our entire team and the trust of
our valued customers, we have set a solid foundation for sustained
innovation and growth. I am confident and fully trust in Charbel’s
vision and capabilities to continue steering Zafin toward
groundbreaking solutions that enable banks to stay ahead of the
curve, achieving sustainable growth and continued excellence in an
ever-evolving banking landscape.”
Mohit Agnihotri, Partner at Nordic Capital Advisors
and Board Member of Zafin, conveyed his confidence in the
transition, stating, “On behalf of Nordic Capital and the Zafin
Board, I extend heartfelt thanks to Al Karim for his significant
contributions to Zafin. Under his leadership, Zafin has established
a robust track record of success. We eagerly anticipate continuing
our collaboration with Karim, Charbel, and the extended leadership
team as we enter the next stage of the Company's growth.”
Charbel Safadi remarked, “Al Karim has been an
exceptional leader, and Zafin has thrived under his vision and
dedication. I am honored to guide Zafin into its next chapter of
growth. We will continue to build upon Zafin’s solid foundation,
focusing on sustainable revenue growth and profitability, while
delivering ongoing value to our customers and employees
worldwide.”
About Zafin:Founded in 2002, Zafin
is a leading provider of SaaS core modernization and transformation
solutions offering an integrated platform and capabilities that
simplify operations and enable increased revenue, profitability,
and enhanced customer experiences for top banks worldwide. Our
platform enables business users to work collaboratively to design
and manage pricing, products, and packages, while technologists
streamline core banking systems.
With Zafin, banks accelerate time to market for new
products and offers while lowering the cost of change and achieving
tangible business and risk outcomes. The Zafin platform increases
business agility while enabling personalized pricing and dynamic
responses to evolving customer and market needs.
Zafin is headquartered in Vancouver, Canada, with
offices and customers around the globe including ING, CIBC, HSBC,
Wells Fargo, PNC, and ANZ. For more information go
to www.zafin.com.
Media Contacts:Uproar PR for
ZafinJulia Cappiellojcappiello@uproarpr.com