Our Board consists of individuals with uniqe and valuable experiences from around the world. Together, they provide valuable insight and strategic advice to ensure FMFC's growth and sustainability.

  • Kwang-Young ChoiBoard of Directors Chairman

Mr. Kwang-Young Choi has worked in the banking sector for over 40 years. Since he began his banking career in 1975, he has worked in Korea, London, and New York in all areas of banking. He has professional knowledge and experience in treasury and commercial lending. Since 1996, Mr. Choi has founded two commercial banks in Central Asia, Uzbekistan and Kyrgyzstan, and for more than two decades has been the founding director of these banks. The two banks he created from scratch grew up as one of the leading banks in their countries. His main business strategy as a CEO is to provide clients with multi-line banking services that include insurance, microcredit and alternative delivery channels in addition to traditional banking products. He has always stressed the importance of “corporate social responsibility of the bank”.

Board of Directors Members

  • Abbas Hasan

Abbas Hasan is a senior management specialist with over 35 years of experience in the financial and banking sectors. He is currently working with Aga Khan Agency for Microfinance. He served as Chairman of the Board and Chief Executive Officer of HBL Bank UK (formerly Habib Bank UK), before joining HBL he worked as a co-head of the Corporate and Investment Banking Group and head of Investment Banking at Mashreq Bank in the UAE. He worked at the Bank of the America in Pakistan and Poland for over 12 years and began his banking career at the American Express Bank Ltd.

Abbas holds a Masters’ degree in Business Administration from Booth School of Business at the University of Chicago and is a graduate of University of California in Los Angeles. He has served on the Global Advisory Board of Booth School for six years.


  •  Xavier Lucas  

After graduating from a business school in France, Xavier began his career at Ernst&Young in auditing, where he spent five years in France and two years in Japan. He was responsible for auditing international financial institutions such as Société Générale, BNP Paribas, and participated in due diligence in mergers and acquisitions. This experience was the foundation of his future career in private equity and investment management.

In 2002, he joined the Aga Khan Fund for Economic Development (AKFED) as a financial analyst for the financial services segment of the AKFED portfolio. He then became Deputy CFO and participated in the listing of a number of institutions on local stock exchanges and in all major acquisitions in various industries (banking, insurance, tourism, energy, telecommunications and the press in Africa, South and Central Asia). In 2006, he moved to Dubai as a senior investment manager, seating on the Boards of directors and audit committees of most banks and insurance companies controlled by AKFED.

After 7 years with AKFED, he joined Dubai World in November 2008 as CFO of Tejari World. During his five years in office, he changed the company’s strategy by shutting down unprofitable businesses, creating a joint venture with the world’s leading e-procurement company, and launching an e-retail website with the Dubai government for local retailers.

This experience gave him a solid background for operations, which he later used in the Texas Holding Company, which invests mainly in fintech, healthcare and self-sufficiency markets. He rejoined AKFED in September 2016 and is now on the board of directors of Diamond Trust Bank in Tanzania and Burundi (where he chairs the Risk Committees), as well as microfinance institutions in Madagascar and West Africa, where he also chairs the audit committees. Xavier also chairs the Audit Committee of the First Microfinance Bank - Afghanistan.