The federal cabinet approves the appointment of Haris Chaudhry as Chief Executive Officer of the Universal Services Fund.
The federal cabinet approves the appointment of Haris Chaudhry as Chief Executive Officer of the Universal Services Fund. Haaris Mahmood Chaudhary is a Pakistani Finance Professional currently heading Finance, Accounts and HR department of Universal Service Fund Company, Ministry of IT & Telecom.
Previously, he served as a high profile banker with 18 years of extensive working experience spans in various countries including the United States, Pakistan and the United Arab Emirates.
Haaris started his career with Citibank in New York United States after completing his MBA with distinction from New York Institute of Technology. He then moved to his native Pakistan where he got a senior management position in ABN AMRO — a Dutch bank as Vice President and head of Van Gogh Preferred banking — an exclusive banking boutique for the high-net-worth customers.
Haaris Chaudhary also has the experience of working on senior management positions with Barclays Bank and Credit Suisse Dubai, UAE which are top tier Banks globally.
The vacant post of USF CEO was advertised in the press on 27th April 2020. Of the 49 applications received, the USF’s nomination committee recommended six eligible candidates to the board for interviews.
During the May 20 interviews, the USF Board evaluated the candidates on laid down criteria (academic and professional record, ability, vision and job experience) in accordance with Public Sector Companies (Corporate Governance) Rules, 2013.
Subsequently, in pursuance of guideline number 6 of Public Sector Companies (appointment of chief executive) Guidelines, 2015, the USF Board unanimously recommended a panel of three names in order merit for final selection as CEO on contract basis for a period of three years. The recommendations along with minutes of the meeting were forwarded to the IT ministry.
According to Pakistan Today, the board has recommended the names of Haris Mahmood Chaudhry (acting CEO USF), Faisal Sattar and Sadaqat Liaqat as the top candidates for the post of USF CEO. They said that the IT ministry has already obtained reports from the Intelligence Bureau (IB) in this regard.