RECORDER REPORT

KARACHI: PTCL Group has announced the appointment of Tooran Asif as the new President & Chief Executive Officer (CEO) of U Microfinance Bank Limited (UBank).

With a distinguished career spanning over three decades in digital and retail banking, Tooran Asif is poised to steer UBank into its next phase of growth and innovation.

Prior to joining UBank, Tooran Asif was serving as CEO for KT Bank Pakistan Limited (under formation digital bank). Previously, he was associated with Mashreq Bank UAE and held several senior appointments including Head of Consumer Banking, where he played a pivotal role in driving digital transformation of the consumer business.

As CEO of Mashreq Al Islami, he built a robust Islamic business by enhancing the business proposition and digitalization of services. His career also includes senior leadership roles at globally renowned institutions such as Standard Chartered Bank, Citigroup and ANZ Bank where he honed his expertise in financial inclusion and business transformation. Asif brings several years of international experience across Asia, the Middle East, and the UK. He holds a degree in Electrical Engineering and an MBA from the Institute of Business Administration (IBA).

Chairman, Board of Directors, U Microfinance Bank and also President and Group CEO, PTCL & Ufone 4G, Hatem Bamatraf welcomed Tooran Asif, expressing confidence in his ability to drive UBank forward.

Hatem Bamatraf has said that Asif’s leadership in retail and digital banking, combined with his unwavering commitment to financial inclusion, aligns perfectly with UBank’s mission to empower individuals and businesses across Pakistan. “We look forward to the remarkable milestones the bank will reach under his leadership. PTCL Group remains committed to supporting UBank’s continued growth and success”, he added.