Ali Riaz Chaudhry Takes Over as CEO of 118118 Money

Pakistani banker Ali Riaz Chaudhry has joined 118 118 Money as its new Chief Executive Officer.

He will be responsible for the strategy, growth and daily operations of the UK-based money lender.

Ali Riaz was the first CEO of Telenor Microfinance Bank. He worked at the leading microfinance bank of Pakistan from May 2016 to July 2017. His departure resulted in the return of Shahid Mustafa as CEO and President for Telenor Microfinance Bank.

Ali Riaz Chaudhry has held various executive positions at large international Banks like Citibank and Barclays across Asia, Middle East, Africa and Europe. He served as the CFO for the Middle East and African regions at Citibank, Global Consumer Bank. He also led Citibank’s Global Consumer Business in Egypt. He was also the Managing Director for Barclay’s largest payment business (Barclaycard) in the UK.

According to a press statement, the appointment of Chaudhry, an industry leader known for building customer-focused propositions, reflects 118 118 Money’s ongoing dedication to providing customers with better financial options today to build a better future for tomorrow.

Robert Pines, CEO of 118 118 Money’s parent company kgb, said,

“Our mission has always been to provide affordable financial solutions for consumers with less than perfect credit.  As a brand, we pride ourselves on helping consumers better understand and embrace good financial habits, in addition to giving them products and tools to help build their credit score.”


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