Seasoned banker Shahid Mustafa has been appointed the new President and Chief Executive Officer (CEO) of Telenor Microfinance Bank (formerly Tameer Microfinance Bank).
Shahid replaced outgoing CEO Ali Riaz Chaudhry who served the institution since May 2016.
Shahid, whose career spans over 20 years, is one of the founders of Tameer Microfinance Bank, which is now Telenor Microfinance Bank. As in any startup, during his time at the bank, he took up many different roles. He has also been associated with Citibank in a regional level leadership role, a Middle Eastern Bank, as chief operating officer, Standard Chartered Bank as country head, commercial banking and as the founding CEO of Pakistan Microfinance Investment Company.
Expressing his thoughts on his appointment, Shahid Mustafa said: “It feels great to return to the institution we founded together. Telenor Microfinance Bank, along with Easypaisa has played a remarkable role in extending financial services to far-flung areas for financial inclusion of the underprivileged people. I look forward to renewing the bank’s commitment and hope to continue the efforts to bring financial empowerment to the society.”