KARACHI: PTCL Group announced appointment of Mohamed Essa Al Taheri as new acting President and CEO of U Microfinance Bank. Decision came after former President and CEO Kabeer Naqvi tendered his resignation and it was subsequently accepted by Group.

President and Group CEO, PTCL and Ufone 4G Hatem Bamatraf welcomed new CEO aboard while he bid farewell to outgoing CEO, expressing his heartfelt gratitude for years of dedicated service. In his role as Chairman, Board of Governors of U Microfinance Bank, Hatem Bamatraf conveyed his unwavering commitment to provide new CEO with steadfast support in order to sustain Bank’s growth trajectory. Moreover, U Microfinance Bank, an investment of PTCL Group, enjoys strong backing from Group as it has consistently demonstrated impressive financial strength and performance.

New CEO has long been associated with U Microfinance Bank as Member of its Board of Directors. He brings significant experience from his previous role as Group EVP for Financial Policies and Systems.

He holds Master’s in International Business from University of Wollongong, Dubai. He has over 20 years of professional experience, including positions at HSBC Bank, Dubai Commercial Bank and Development Board of Dubai Government.

Published in The Daily National Courier, October, 21 2023

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