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UBank Names Mohammad Essa Al.Taheri as New CEO After Kabeer Naqvi’s Resignation

PRIVATEOct 22, 2023

Position

Chief Executive Officer

Company

U Microfinance Bank Limited

Kabeer Naqvi
kabeer.naqvi@ubank.com.pk
PakistanFinancial ServicesFinanceFintechLending

Description

October 22, 2023 : PTCL Group has appointed Mohamed Essa Al Taheri has been appointed as the acting President and CEO of U Microfinance Bank following the resignation of Kabeer Naqvi, the former President and CEO. Kabeer Naqvi, who had also taken on the role of Chairman of the Microfinance Network in Pakistan in July 2023, also stepped down from this position. The changes within U Microfinance Bank don't end there. Two other key figures, Kabeer Khan Ambreen, the Chief Business Officer , and Maryam, the Chief Digital Officer , have also resigned from their positions.

Quick answer

UBank Names Mohammad Essa Al.Taheri as New CEO After Kabeer Naqvi’s Resignation (October 22, 2023). U Microfinance Bank Limited is based in Pakistan.

What did U Microfinance Bank Limited announce on October 22, 2023?
October 22, 2023 : PTCL Group has appointed Mohamed Essa Al Taheri has been appointed as the acting President and CEO of U Microfinance Bank following the resignation of Kabeer Naqvi, the former President and CEO. Kabeer Naqvi, who had also taken on the role of Chairman of the Microfinance Network in Pakistan in July 2023, also stepped down from this position.
What does U Microfinance Bank Limited do?
U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group (Formerly Etisalat Company).
Where is U Microfinance Bank Limited based?
U Microfinance Bank Limited is based in Pakistan.
Which similar companies made leadership changes around the same time?
Provident Financial Holdings (October 25, 2023), JPMorgan Chase (October 30, 2023), BECU (October 30, 2023) and Citi (October 31, 2023) also announced leadership changes within 45 days of U Microfinance Bank Limited.

Source: Fundz verified event record.

Other recent leadership changes in Financial Services and Finance

Executive moves at companies in the same sectors within 45 days, from Fundz verified event records.

Who to call at U Microfinance Bank Limited, and when

A new leader at U Microfinance Bank Limited brings new priorities and often new vendors. The first weeks are when they listen.

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Company Information

Company

U Microfinance Bank Limited

Location

Pakistan

About

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group (Formerly Etisalat Company). The bank has a network of more than 300 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 45,000 agent locations across Pakistan. U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation of National Financial Inclusion Strategy 2020 that aims to bring 50% of Pakistan’s adult population into banking net. At U Microfinance Bank, we firmly believe that access to microfinance services contribute significantly towards building a more inclusive society leading to bringing the underserved population into banking net as well as help document the informal economy. Our product portfolio is designed to continuously create livelihoods for the underserved population of Pakistan and bring betterment to their lives. Our Vision Driven by the passion for disruptive innovation and the desire for financial inclusion, we aim to become the problem solver and enabler to Pakistani microfinance ecosystem.

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Fundz sees it the moment U Microfinance Bank Limited changes its leadership, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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U Microfinance Bank Limited changed its leadership. Fundz had it the day it was filed, with the decision-maker at the company attached.

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