Tuesday, September 27, 2022
HomeMortgageEx-CBA and Pepper govt joins main Islamic Finance group

Ex-CBA and Pepper govt joins main Islamic Finance group


Crescent Group, considered one of Australia’s main suppliers of Islamic finance, has appointed Saira Cader (pictured) as its new head of danger and compliance.

Cader joins from Nano House Loans, the place she had been head of compliance. She was beforehand concerned on the credit score and danger groups at a few of Australia’s most recognised names in lending, together with CBA and Pepper, in addition to start-ups resembling Nano and Xinja.

“Saira’s various expertise throughout compliance, credit score danger and danger administration, collectively together with her management and relationship expertise, present an excellent skill-set because the group builds a robust govt workforce,” mentioned group govt Brendan White.

“We anticipate advantages from her deep data and specialised experience as our enterprise continues to evolve.

“The Crescent Group is transferring ahead on a dynamic progress path, focusing on a mixed $5 billion for tremendous funds underneath administration and residential finance originated by the top of 2026.”

Learn extra: AFG brokers write new document mortgage quantity

Crescent Group encompasses Crescent Wealth, one of many main halal tremendous suppliers, in addition to Crescent Finance, an Islamic finance arm.

Islamic finance differs significantly from conventional Western finance, as lending on curiosity is forbidden to observant Muslims, and thus totally different preparations are required for mortgages and loans.

“Strong danger and governance frameworks are vital in as we speak’s altering regulatory and legislative surroundings, and I look ahead to working with Brendan and contributing to the success of the group,” mentioned Cader.

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