USAA announced Waqas Durrani has been promoted to senior vice president, Enterprise Shared Services (ESS) Counsel in USAA’s Chief Legal Office. In this role, Durrani will lead teams supporting technology and transactions, privacy and data security, labor and employment, and USAA’s Chief Financial Office. He previously led the technology and transactions team as vice president and will report to USAA Chief Legal Officer Bob Johnson.
Durrani joined USAA in 2017 as legal counsel for USAA’s property and casualty company. In his subsequent role leading the technology and transactions team, he advised on USAA’s prior sale of its investment management company and mutual fund portfolio to Schwab and Victory Capital, respectively and on the acquisition of insurer Noblr, which now offers USAA members “pay as you drive” auto insurance. Prior to joining USAA, he worked at Allstate for 16 years in various roles, including serving as associate general counsel at Esurance, an affiliate of Allstate. Before that, Waqas served as corporate counsel at U.S. Office Products Company, a startup company.
“Waqas has played an essential role in critical transactions for USAA while providing strong leadership and legal advice in support of our members,” Johnson said. “I am excited to see the momentum continue under his leadership as we deliver on our mission to serve the military community.”
Waqas received a Bachelor of Arts, cum laude, from Loyola University in Chicago. He also received Master of Science in journalism and a law degree from the University of Illinois at Urbana-Champaign.
“USAA has served the military for over 100 years, and I’ve been privileged to support that mission,” Durrani said. “I am eager to continue providing that support as we care for our 13 million members and more than 38,000 employees.”
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 38,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work.