Leap Associates GCC and Pakistan

Advisory for regulated financial institutions, by people who have run them.

Leap Associates is a partner-led advisory practice for banks, payment institutions, non-bank lenders, regulators and investors across the GCC and Pakistan. Our partners have held the chief executive, chief operating and regulator-facing seats themselves. We advise on what gets a licence granted, what makes the economics work, and what a supervisor will accept.

Practice
Advisory, technology and data for regulated institutions
Partners
Six, drawn from the chief executive, chief operating, founder and regulator-facing seats
Registered
Leap Associates FZCO, Dubai, United Arab Emirates

01 The practice

Three practice areas, one standard: it has to survive the regulator.

  1. 01

    Advisory

    Regulated financial services advisory

    Licensing and market entry. Payments and digital banking. Governance, risk and compliance. Built for the person who has to sign the submission and answer the supervisor.

    • Digital bank, electronic money and payment licences
    • Payments economics, acquiring and partnerships
    • AML and CTF, consumer protection, outsourcing and cloud
  2. 02

    Technology

    Technology for regulated institutions

    AI strategy and readiness, agentic systems, credit, fraud and risk models, cloud architecture and governance, and forward deployed engineers who get it into production.

    • Agentic systems with provenance and a governance spine
    • Credit, fraud and risk models a risk committee will approve
    • Cloud outsourcing materiality, data boundary and exit
  3. 03

    Data

    Financial data and analytics

    One authoritative source for every regulated number, the lineage to defend it, regulatory returns that are produced rather than assembled, and a board view drawn from the same place.

    • Data governance and lineage
    • Regulatory and supervisory reporting
    • Risk, credit, portfolio and board analytics

02 The partners

The seats we have held are the advice we give.

  1. Shahid Mustafa, Partner, Leap Associates

    Shahid Mustafa

    PartnerDigital Financial Services & Financial Inclusion

    Biography

    Shahid Mustafa brings extensive leadership experience in digital financial services and financial inclusion across emerging markets. As former Chief Executive Officer of Telenor Microfinance Bank, he played a central role in scaling Easypaisa into one of the world’s leading mobile money platforms, expanding access to financial services for millions of underserved customers.

    Shahid has worked closely with financial institutions, governments, and development finance organizations on financial inclusion strategies and digital financial services ecosystems. His work focuses on expanding access to digital financial services, strengthening microfinance institutions, and supporting the development of inclusive financial systems that drive sustainable economic growth.

  2. Ali Abbas Sikander, Partner, Leap Associates

    Ali Abbas Sikander

    PartnerFinancial Sector Policy & Regulatory Strategy

    Biography

    Ali Abbas Sikander brings deep expertise in financial sector development, regulatory frameworks, and digital financial infrastructure. He has advised governments, central banks, and international organizations including the World Bank and IFC on financial inclusion strategies, regulatory development, and digital financial services policy.

    Ali Abbas has extensive experience working with regulators and financial institutions to design enabling regulatory frameworks and strengthen financial sector ecosystems. His work focuses on supporting policy development, strengthening regulatory capacity, and enabling financial institutions to navigate complex regulatory environments while expanding access to inclusive financial services.

  3. Ali Saqib Janjua, Partner, Leap Associates

    Ali Saqib Janjua

    PartnerDigital Banking, GRC & Fintech Strategy

    Biography

    Ali Janjua brings more than two decades of experience in digital banking, payments, and financial technology across emerging markets. He has held senior leadership roles including Chief Operating Officer of HugoBank and Chief Executive Officer of PayPro, where he led the development of digital financial products, payments infrastructure, and regulatory engagement with financial regulators and central banks.

    Ali has advised financial institutions, fintech companies, and investors on digital banking strategy, payments ecosystems, and technology-driven financial services. His work focuses on helping institutions design scalable digital platforms, launch new financial products, and build technology-enabled financial services that expand access to modern banking solutions.

  4. Paula Storch Tjossem, Associate Partner, Leap Associates

    Paula Storch Tjossem

    Associate PartnerFinancial Inclusion & Development Finance

    Biography

    Paula brings more than two decades of experience advising financial institutions, development finance organizations, and investors on financial inclusion, SME finance, and rural finance strategies. She has led large-scale investment programs and institutional assessments across Africa, Asia, and emerging markets, working with partners such as the Mastercard Foundation, World Bank, and IFC. Her work focuses on strengthening financial ecosystems and expanding access to finance for underserved communities.

  5. Yawer Shamim, Associate Partner, Leap Associates

    Yawer Shamim

    Associate PartnerRisk, Compliance & Financial Sector Governance

    Biography

    Yawer Shameem brings extensive experience in risk management, compliance, and governance within the financial services sector. His work has focused on strengthening institutional risk frameworks, internal controls, and regulatory compliance practices across banking institutions.

    Currently serving as Head of Special Initiatives at the Pakistan Banks’ Association, Yawer works closely with banks, regulators, and industry stakeholders on sector-wide initiatives aimed at strengthening governance standards and compliance frameworks across Pakistan’s banking ecosystem. His work supports collaboration between financial institutions and regulators to strengthen the resilience and stability of the financial sector.

  6. Syed Ather Ahmed, Associate Partner, Leap Associates

    Syed Ather Ahmed

    Associate PartnerCybersecurity & Digital Risk

    Biography

    Syed Ather Ahmed brings more than two decades of experience in cybersecurity, information security, and IT governance across global organizations. He has held senior leadership roles responsible for developing and implementing enterprise cybersecurity strategies, IT control frameworks, and information security programs across regions including EMEA, North America, and Asia.

    Ather advises organizations on cybersecurity risk management, information security governance, and digital risk frameworks. His work focuses on helping financial institutions and enterprises strengthen cybersecurity resilience, implement robust security controls, and protect critical digital infrastructure in an increasingly complex digital environment.

Full biographies

03 Track record

The institutions our partners built, and the work the firm does now.

  1. 01

    From Microfinance Bank to National Mobile Money Platform

    How a microfinance bank became the licensed core of Pakistan's largest branchless banking platform, and why the bank and telecom model works when the regulatory perimeter is drawn correctly.

    Partner track record
    Mobile money and microfinance
    Shahid Mustafa, Ali Abbas Sikander, Ali Saqib Janjua
  2. 02

    Building a Digital Retail Bank in Pakistan

    Taking a digital retail bank applicant through the State Bank of Pakistan licensing gates: governance architecture, the ten year financial case, cloud and outsourcing risk, and pilot readiness.

    Partner track record
    Digital banking and licensing
    Ali Saqib Janjua
  3. 03

    Bringing Agentic AI into Regulated Institutions

    Agentic architecture, enterprise ontology, model governance and explainability, delivered through forward deployed engineers embedded with client teams across the GCC and Pakistan.

    Firm capability
    Agentic AI and model governance
    Leap Associates

All six case studies

04 Where we work

The GCC and Pakistan, with a record across the wider emerging markets.

Registered in Dubai. Working across the Gulf states and Pakistan, with partner experience that extends through East Africa and South East Asia.

  • DubaiRegistered office
  • Riyadh
  • Muscat
  • Manama
  • Doha
  • Karachi
  • Lahore
  • Islamabad
  • Nairobi
  • Singapore
DubaiRiyadhMuscatManamaDohaKarachiLahoreIslamabadNairobiSingapore

05 Contact

Weighing a licence, a platform, a partnership or an AI programme?

We are direct about what is achievable, what it will take and what it will cost. A first conversation carries no obligation.