Flanks, a WealthTech company processing over €39bn in assets monthly, has appointed Nawaz Mucadam as country manager for the UK, Ireland and the Middle East.
Mucadam brings over two decades of experience across WealthTech, institutional sales and financial services. Prior to joining Flanks, he co-founded Zugo, an AI-powered SaaS platform built to address the UK’s advice gap.
Prior to that, he spent five years at InvestCloud heading up European sales. In his new role, he will focus on driving UK expansion, building local client relationships, strengthening partnerships and establishing a dedicated team on the ground, with a particular focus on wealth managers, private banks, multi-family offices, pension plan providers and platforms managing complex cross-border portfolios.
The appointment comes as UK institutions struggle to deliver consolidated wealth data views when client assets span pensions, ISAs, property, business interests and off-platform investments across multiple jurisdictions.
Flanks’ platform processes more than 500,000 portfolios monthly through over 600 connections with financial institutions across 33 countries, using proprietary multi-methodology aggregation via APIs, credential-based access and report ingestion.
The platform embeds AI across every operational layer to automatically categorise transactions and standardise inconsistent banking semantics, delivering cleaned, enriched data across all asset classes, including alternatives typically excluded from aggregation platforms.
In January 2026, Flanks launched EDX (European Data Exchange) with finReg360, establishing Europe’s first standardised protocol for financial data exchange between custodian banks, wealth managers and advisory firms.
The company serves over 100 financial institutions including tier-1 banks and multi-family offices across Europe and the Middle East, and is regulated as an AISP by the Bank of Spain under the oversight of the European Central Bank.
Founded in 2019 in Barcelona by Joaquim de la Cruz, Sergi Lao and Álvaro Morales, former global head of Santander Private Banking, Flanks is a WealthTech company redefining the industry through AI-powered automation and data-led insights. Its modular, all-in-one solution empowers global financial institutions to provide personalised advice.
Mucadam said, “UK institutions are ready for modern wealthtech, but only if it’s built on secure, compliant data foundations.
“The industry has rushed to adopt digital advice tools while ignoring the broken data layer beneath them. You can’t deliver AI-driven insights or holistic suitability assessments when client wealth data is scattered across fifteen different systems. Flanks is fixing the plumbing that makes everything else work – and the team’s rare blend of technology and wealth management expertise makes it exactly the right place to do it, in a market that desperately needs it.”
Flanks CEO Joaquim de la Cruz said, “The UK is Europe’s largest wealth management market, and Consumer Duty has made comprehensive data infrastructure non-negotiable.
“Firms winning mandates are those that can prove they understand total client wealth, not just the assets they custody. Nawaz understands both the operational reality of running wealth institutions and why premium data must precede AI and future-proof innovation. I look forward to having him lead our expansion across the UK, Ireland, and the Middle East – where we’re seeing a similar trend.”
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