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Abu Dhabi-based fintech firm Wizz Financial has added a partner from White & Case’s global financial services regulatory team as its new general counsel and head of compliance.
Adrianus Schoorl joins the cross-border payments company in Dubai after nearly three years at White & Case, where he worked across the Middle East from the firm’s offices in Dubai and Riyadh. He brings more than two decades of financial regulatory experience to the role, which Wizz said would allow it to streamline work with regulators to benefit its global customer base.
Schoorl’s practice covers fintech, financial services and market infrastructure matters, as well as crypto, technology and data regulation, according to his LinkedIn profile. Prior to landing at White & Case, he spent six years as Allen & Overy’s financial services regulatory head for the Middle East. He has also worked as a lawyer at DLA Piper, Freshfields Bruckhaus Deringer and CMS.
Schoorl has also held roles outside of private practice at the Ontario Securities Commission, the Dubai International Financial Centre and the Netherlands Authority for the Financial Markets.
Schoorl commented: “Fintech is a rapidly evolving and maturing sector of the financial services space that presents new questions, processes and products that regulators need to address. With my background, I am looking forward to being a bridge between our leadership and regulators to help facilitate our growth.”
A subsidiary of Swiss investment firm Prism Group, Wizz Financial specialises in cross-border payments, foreign exchange, minor-lending, digital wallets and B2B payment solutions. According to the company it currently serves 25 million customers and 1,500 corporate and institutional clients in more than 30 countries.
Amir Nagammy, Wizz Financial’s co-founder and chair, said: “With [Schoorl’s] guidance, we will be able to work more insightfully with regulators to provide products and services to benefit our customers across the globe.”
White & Case did not immediately respond to request for comment.
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