Ex-CBA, Pepper Money credit team lead joins major Islamic finance group

Industry veteran joins leadership team at key point for sector

Ex-CBA, Pepper Money credit team lead joins major Islamic finance group


By Mike Wood

Crescent Group, one of Australia’s leading providers of Islamic finance, has appointed Saira Cader (pictured) as its new head of risk and compliance.

Cader joins from Nano Home Loans, where she had been head of compliance. She was previously involved on the credit and risk teams at some of Australia’s most recognised names in lending, including CBA and Pepper Money, as well as start-ups such as Nano and Xinja.

“Saira’s diverse experience across compliance, credit risk and risk management, together with her leadership and relationship skills, provide an ideal skill-set as the group builds a strong executive team,” said group executive Brendan White.

“We anticipate benefits from her deep knowledge and specialised expertise as our business continues to evolve.

“The Crescent Group is moving forward on a dynamic growth path, targeting a combined $5 billion for super funds under management and residential finance originated by the end of 2026.”

Crescent Group encompasses Crescent Wealth, one of the leading halal super providers, as well as Crescent Finance, an Islamic finance arm.

Islamic finance differs considerably from traditional Western finance, as lending on interest is forbidden to observant Muslims, and thus different arrangements are required for mortgages and loans.

“Robust risk and governance frameworks are critical in today’s changing regulatory and legislative environment, and I look forward to working with Brendan and contributing to the success of the group,” said Cader.

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