Investment app Freetrade has appointed Shahid Naveed as its new chief technology officer.
Naveed has nearly 20 years of experience in technical leadership roles. He joins the Freetrade global engineering team from Auction-Technology Group, where he was vice president of engineering.
Previously, he oversaw the development of Amazon Video’s ownership system globally.
As well as the UK, the Freetrade app is available in Canada, Germany and France. It recently launched in Sweden, the Netherlands and Ireland, and is coming soon to Australia, Japan and Portugal.
Commenting on his appointment, Naveed said: “I am thrilled to join Freetrade as CTO, a company that is clearly passionate about its mission to get everyone investing.
“I look forward to working with our accomplished leadership team and customer obsessed engineering team to build Freetrade into a truly global brokerage platform that delights our retail investor customers.”
Freetrade chief executive officer and founder Adam Dodds said: “I’m excited to welcome Shahid to the team. He brings a wealth of technical knowledge and leadership experience to this role. He’s able to dive deep into the details, while also setting out a clear strategy to lead our engineering team.
“I’ve been impressed with the grit that our technical teams have demonstrated throughout this challenging market environment. We’ve shown as a company that we have what it takes to continue to grow and thrive.”
Freetrade’s most recent hire follows other senior appointments, including an engineering director from US broker-dealer Alpaca, who is establishing a new engineering team in Budapest, Hungary.
The UK fintech’s app is designed to make investing simpler, more affordable and available to everyone. It currently has more than 1.4m users.
Launched in 2019, Freetrade raised £30m from new and existing investors earlier this year, including existing investor Molten Ventures and new investor Capricorn Capital Group, a private investment firm.