Napier AI appoints new CFO

Napier AI, the London-based RegTech specialising in financial crime compliance, has appointed Kenneth Paqvalén as chief financial officer. 

Kenneth joins with over 20 years’ experience, including roles at Nokia, MariaDB and Matillion, where he helped grow the business from $150 million to $1.5 billion.

Following Napier AI’s recent acquisition by Marlin Equity Partners, Keneth will lead financial strategy to support global expansion, focusing on scaling operations across the US and APAC. 

He will build on existing systems and oversee investment in Napier AI’s platform to meet rising demand.

Kenneth said: “What drew me to Napier AI was the opportunity to contribute to something that has real ethical weight. 

“Financial crime is a complex and ever-evolving challenge and being able to play even a small part in tackling it feels genuinely meaningful. 

“It’s an exciting time to be joining the company and I’m very much looking forward to what’s ahead.

“For companies like Napier AI, while the sophistication of criminals in their use of AI continues to become more innovative, this rapidly evolving issue provides huge opportunity for businesses to address demand and make significant strides to preventing financial crime.”

Greg Watson, chief executive of Napier AI, added: “We are thrilled to welcome Kenneth on board as our new chief financial officer at such a pivotal moment in Napier’s journey. 

“His expertise will be key as we continue to scale operations, strengthen our financial foundations and continue investing in the evolution of our platform. 

“With global expansion already underway, his leadership will ensure we continue to grow in a sustainable and strategic way and his deep financial acumen will undoubtedly make him an invaluable addition to our leadership team as we navigate this next stage of growth.”

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