LuLu Financial Holdings is a UAE based holding company investing in financial services and products to improve people’s lives.
The company’s investments span the GCC, Indian sub-continent, and APAC regions.
Presence in
Managing Annual Transactions worth
Vision
Innovate Value, Inspire Experiences
Mission
To enhance value of investments by designing inspiring customer experiences built on technology and collaborative partnerships
Adeeb Ahamed
Managing Director
Mr. Adeeb Ahamed leads Lulu Financial Holdings as its dynamic founding leader. In a little over a decade, he has taken the holding company to great heights, investing into robust services and products across the world, to create an ecosystem of financial inclusion. Mr. Adeeb holds a Bachelor of Business Administration from Les Roches, Switzerland and a Master of Business Administration in International Management from Royal Holloway, University of London.
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Osama Al Rahma
Independent Director
Mr. Osama is an industry influencer and thought leader, holding several decades of experience in the payments industry. He is a former Director of Al Fardan Group, and the former CEO of Al Fardan Exchange LLC
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Richard Wason
Chief Executive Officer
Mr. Richard Wason has an experience of 30 long years in the financial services field, specializing in the money transfer business.
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Unnikrishnan Menon
VP – Banking & Investments
Mr. Unnikrishnan Menon is a seasoned professional, holding over 30 years of extensive cross-functional experience in Corporate & Commercial Banking, Credit & Financial Analysis, Trade Finance, Credit Administration, Retail / Consumer Banking and related areas across the Banking Sector. He is also associated with Twenty14 Holdings and Tablez in the capacity of Vice President & Head - Banking & Investments. He has formerly worked with prominent banks in Oman and India across several designations.
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Christos Christou
Chief Compliance Officer
Mr. Christos is an Associate of the Chartered Banker Institute (London, UK) and a holder of a Master’s in Business Administration from the University of Liverpool (UK).
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Joby Abraham
AVP – Finance
Mr. Joby Abraham is a Member of Institute of Management Accountants of United States of America, and a Member of Institute of Cost Accountants of India.
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“Our investment philosophy hinges on Simplifying Payments for Modern Problems”
We invest in people (human capital) who build learning organizations to simplify payment solutions through digital innovation and collaborative effort, with a strong focus on advancing customer experiences.
Managing Director
Adeeb Ahamed
Mr. Adeeb Ahamed leads Lulu Financial Holdings as its dynamic founding leader. In a little over a decade, he has taken the holding company to great heights, investing into robust services and products across the world, to create an ecosystem of financial inclusion. Mr. Adeeb holds a Bachelor of Business Administration from Les Roches, Switzerland and a Master of Business Administration in International Management from Royal Holloway, University of London.
Chief Executive Officer
Richard Wason
Mr. Richard Wason has an experience of 30 long years in the financial services field, specializing in the money transfer business. He is a Fellow member of the Institute of Chartered Accountants of India and has previously worked in leadership roles with UAE Exchange and Bahrain Financing Company. His in-depth knowledge of the global rules and regulations has led him to hold the vital position of the Chief Compliance Officer in most organizations he was part of.
VP – Banking & Investments
Unnikrishnan Menon
Mr. Unnikrishnan Menon is a seasoned professional, holding over 30 years of extensive cross-functional experience in Corporate & Commercial Banking, Credit & Financial Analysis, Trade Finance, Credit Administration, Retail / Consumer Banking and related areas across the Banking Sector. He is also associated with Twenty14 Holdings and Tablez in the capacity of Vice President & Head - Banking & Investments. He has formerly worked with prominent banks in Oman and India across several designations.
Chief Human Resources Officer
Mohan Raja
Mr. Mohan Raja has over 35 years of experience as a Human Resource professional, specializing in leadership development, HR system development, organization design & development. He has worked with organizations like General Electric (GE) and Bharat Petroleum Corporation Limited (BPCL). He is a certified MBTI assessor-APT USA (2003) and has completed his professional training in behavioral sciences.
Chief Compliance Officer
Christos Christou
Mr. Christos is an Associate of the Chartered Banker Institute (London, UK) and a holder of a Master’s in Business Administration from the University of Liverpool (UK). He is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Global Sanctions Specialist (CGSS), with an overall experience of over 30 years in the financial services sector, including more than 15 years in Compliance.
AVP – Finance
Joby Abraham
Mr. Joby Abraham is a Member of Institute of Management Accountants of United States of America, and a Member of Institute of Cost Accountants of India. He brings over 18 years of experience in managing finance & accounts to the table. In his previous role, he worked as the Internal Auditor for LuLu Group International, formerly known as EMKE group.
Independent Director
Osama Al Rahma
Mr. Osama is an industry influencer and thought leader, holding several decades of experience in the payments industry. He is a former Director of Al Fardan Group, and the former CEO of Al Fardan Exchange LLC.
Mr. Osama is also the Chairman of Global Reach Portal Services, a platform for mobile money transfers and payment services under the brand name REACH. He holds a postgraduate degree in Management Studies from the University of Hull, UK, and a graduate degree in Electronics Engineering from the University of Bahrain. He is a known speaker of financial inclusion, compliance & risk, corporate governance, remittance industry, family-owned businesses, succession planning and leadership.
Independent Director
Richard Teng
Mr. Richard Teng is a financial services professional and the former CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM).
With over 20 years of regulatory leadership and financial sector development experience, Richard is known for his articulated thinking as a subject matter expert on matters related to financial regulations, fintech regulations, belt & road development and governance. Prior to his stint with the ADGM, Mr. Teng served as the Director, Corporate Finance with MAS (Monetary Authority of Singapore) and as Chief Regulatory Officer of Singapore Exchange.
LuLu Forex Private Limited, India 100% stake
LuLu Forex offers a full range of financial services and products, including foreign currency exchange retail & wholesale, travel currency cards and remittances through 27 branches across the country. LuLu Forex also provides value-added services such as domestic money transfer, air ticketing, travel insurance, and card swiping facilities.
NBFC Lulu Financial Services (India) Private Limited 100% stake
LuLu Finserv is a Non-Banking Financial Company (NBFC) and a subsidiary of LuLu Financial Holdings, offering an array of lending schemes and services like Gold Loan, Personal Loan, Consumer Durable Loan, MSME Loan etc. With its registered office in Cochin, Kerala, LuLu Finserv remains a customer centric financial institution which aims to bridge the credit gap faced by MSMEs, Traders, MFIs, and the common man, by facilitating a choice of innovative financial solutions and service offerings. With a focus driven approach backed by a customized customer-centric platform, the company aims to make lending quick, simple, and hassle-free, while tapping into key business areas and markets.
LuLu Exchange Company LLC, Oman 70% stake
LuLu Exchange Company provides remittances, foreign currency exchange and other allied services through a network of 34 branches, to a cross-section of society, powered by a robust network and reputed partners with high standards of customer care.
LuLu Money, Philippines 92% stake
LuLu Money is the first non-bank entity in the country to be granted a license for foreign currency export/import. Apart from remittance services, LuLu Money acts as the aggregator for all inward remittance originating from the Middle East and APAC countries, with payout services throughout the Philippines. The company operates six branches, of which four function 24x7.
LuLu Financial Services Limited, Hong Kong 100% stake
LuLu Financial Services deals primarily in foreign exchange and global money transfer. The company operates five branches across the country and has initiated several tie-ups to integrate the region’s payments ecosystem.
LuLu Money (Malaysia) 70.83% stake
NS Cashpoint is one of the leading money services business service providers in Malaysia and is licensed to conduct both cross-border remittance and money exchange services, in addition to business-to-businesses remittance service targeted at pre-registered corporate customers through partnerships with local banks.
Pearl Data Direct 100% stake
Pearl Data Direct is a multi-functional, captive entity that provides business support to the holding company and its various investments. PDD caters to needs ranging but not limited to IT, marketing, back-office operations, HR etc. The company is responsible for maintaining the knowledge and information backup across all business functions, including standards for audit and compliance.
LuLu Capital Limited 100% stake
Lulu Capital specializes in the working capital and supply chain finance segment, engaging with government owned and related entities in sectors such as FMCG, Healthcare, Environment and Sustainable Energy, by providing services based on Factoring and Reverse Factoring programs for buyers and suppliers.
LuLu Money (Singapore) PTE. LTD 100% stake