Tameer Bank new president, CEO

KARACHI: Tameer Microfinance Bank announced that Ali Riaz Chaudhry has assumed the role of the bank’s new president and chief executive officer with effect from May 16, a statement said on Thursday.

Ali was appointed to take charge after Telenor Group completed its 100 percent acquisition of Tameer Bank last month.

Nadeem Hussain, the founder and the outgoing president and CEO of Tameer Bank, said: “There is nothing more satisfying than seeing one’s efforts turn into a remarkable success, which is reflected in Tameer’s acquisition by the Telenor Group.”  “I’m pleased to pass on the torch to Ali Riaz Chaudhry who possesses the right experience and skills to take Tameer Bank to new heights.”  Nadeem will join Tameer Bank’s board as a director.