Consulting firm bolsters N.J. presence

A Boston-based business consulting firm has hired a compliance executive as it expands its presence in New Jersey and neighboring states.

Wolf & Co. P.C. said Asaad Faquir will serve as senior manager, regulatory compliance, as part of the firm’s brand expansion in New Jersey, New York and Pennsylvania.

Faquir, who has more than a decade of experience in the banking industry, will serve as a senior leader for Wolf & Co.’s regulatory compliance practice in New Jersey, among other responsibilities. He will complement the firm’s portfolio of consultants serving financial institutions, health care organizations and more in the state, the firm told ROI-NJ.

“Wolf & Co. is a great organization with a sterling reputation for success,” he said in a prepared statement. “The firm has been providing unparalleled service for over 100 years, and still wants to innovate, grow and endure for another 100. I am excited to be part of that endeavor.”

Most recently, he was a director at a risk and compliance consulting firm in the Garden State, and he has worked with financial institutions including Haverhill Bank and Fidelity Federal Bank and Trust in the past.

Wolf told ROI-NJ that Faquir’s expertise in working with non-banking financial institutions and fintechs offers New Jersey businesses highly-specialized guidance in regulatory compliance, as well as areas such as lending and working with other financial providers.

“Adding such a dynamic, accomplished compliance professional to our team allows us to better serve our clients by providing practical solutions to the complex regulatory challenges they face every day,” Wolf President Mark A. O’Connell said in a statement. “Mr. Faquir will contribute considerably to Wolf’s promise of providing unparalleled guidance to our clients.”