Sima Kamil named as First woman to head major Pakistani bank

Sima Kamil is appointed as the new president and chief executive officer (CEO) of the United Bank Limited (UBL), one of the Pakistan largest banks.She is the first woman to head a major commercial bank in Pakistan. Kamil, who will initially serve as deputy CEO at UBL, is slated to take over the top slot after May 31, when Hussain departs from the company.According to UBL’s website, the bank controls assets of more than Rs1 trillion. It operates 1,281 branches all over Pakistan, including 22 Islamic banking branches and 1 branch in Karachi export processing zone, and 18 branches outside Pakistan. She will take charge on June 1, 2017. Kamil, who moved recently to UBL, had been leading Habib Bank Ltds (HBL) Branch Banking since 2011 and oversaw a large expansion of HBLs branch network.She dealt with HBLs retail, consumer, small and medium enterprises, and rural banking initiatives, as well as the banks wealth management division as head of the HBL Asset Management Company Ltd. She also has experience at international financial institutions, including American Express, a financial services company, and Standard Chartered Bank. Kamil has a business degree from Kingston University in the UK and an MBA from the City University, London. She chairs the Board of Governors of the Karachi Grammar School, and is a board member of the Notre Dame Institute of Education.

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