Sima Kamil is a Pakistani banker, and since August 2020 the deputy governor of State Bank of Pakistan. In May 2017 she became the president and chief executive of United Bank Limited,[1] the first woman to lead a major Pakistani bank.[1][2]

Early life

Kamil grew up in Karachi; her father was also from Karachi, and her mother's family moved from East Punjab to Lahore during the Partition of India.[3] Her parents met at a poetry reading in Lahore.[3]

Kamil attended Karachi Grammar School, where she developed an interest in literature and history, before moving to the United Kingdom to attend university,[3][1] graduating with a degree in business from Kingston University in 1983,[4][1] and a Master of Business Administration (MBA) from City, University of London.[1] She was offered a place to study development economics at Oxford University, but as her family could not afford to pay, she returned to Karachi to work.[3]

Early career

Her first career role was working as a corporate relationship manager for American Express in Karachi (1986-88),[3][1] before she moved to a position at ANZ Grindlays Bank, first in Karachi and then Lahore.[3][5] During 11 years at ANZ Grindlays, Kamil gradually rose up through the company ranks, spending two years working in Melbourne in the mid-1990s,[3] before returning to Pakistan to become the head of credit for the bank, and subsequently corporate regional executive.[3][5]

When ANZ sold its regional Grindlays operations to Standard Chartered Bank in 2000, Kamil moved to the new parent company to a role as a senior credit officer.[3][5][1] In April 2001, Kamil joined Habib Bank Limited (HBL) to run a regional corporate banking unit, being promoted to head the corporate and investment banking division in 2004.[3][5] She also headed the bank's wealth management division, HBL Asset Management Company Ltd.[1] Under the mentorship of Rafiuddin Zakir Mahmood, chief executive of HBL, Kamil was prepared for management of other areas of the business,[3] and in January 2011, Kamil was appointed as head of HBL's branch banking network,[3][1][5] managing thousands of employees and overseeing a large expansion of their bank's branch network.[3][1] While Kamil was managing the branch banking division, the bank recorded the highest annual average current account deposit growth in the industry, placing it first among Pakistan's banks.[3] In 2016 she also developed and launched HBL Nisa, the bank's Women's Market Program, an attempt to promote HBL services to women,[1][6] for which the bank was awarded the title of GBA Women's Champion by the Global Banking Alliance for Women.[6]

In March 2017, Kamil was included in Pakistan Today's list of "Pakistan's Only Powerful Women in Business", one of 18 women on the list.[6][7]

United Bank Limited

In March 2017, Kamil was appointed Deputy CEO of United Bank Limited (UBL),[2][5] and it was announced that she would be taking over as president and CEO of the bank on 1 June 2017, replacing Wajahat Hussain.[1] She is the first woman to lead a major Pakistani bank.[1][2] In 2018, she was recognised as an "Influential Leader" by the Association to Advance Collegiate Schools of Business (AACSB), for her impact on diversity and inclusion.[6][4]

Kamil has been a board member of the bank since February 2019.[5]

State Bank of Pakistan

On 25 August 2020, Kamil was appointed deputy governor of the State Bank of Pakistan, for a period of three years.[8] She is the first woman to hold this position.[9][10]

Other activities

Kamil was also the director of First MicroFinance Bank, a microfinance provider.[1]

Kamil is the chair of the board of governors of Karachi Grammar School,[1][11] and is a board member of the Notre Dame Institute of Education,[1][5] and the governing body of Holy Family Hospital in Karachi.[5]

Personal life

Kamil's husband is a lawyer in Karachi.[3]

References

  1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 "Sima Kamil becomes first woman to lead a major Pakistani bank". Dawn. March 27, 2017.
  2. 1 2 3 "First woman named to head major Pakistani bank". The Express Tribune. March 27, 2017.
  3. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Kay, Chris; Mangi, Faseeh (19 April 2018). "The extraordinary rise of Pakistan's only female banking CEO". The Economic Times. Retrieved 21 August 2019.
  4. 1 2 "Pioneering Kingston Business School graduate Sima Kamil recognised as influential leader by global business education network AACSB". Kingston University London. 5 March 2018. Retrieved 21 August 2019.
  5. 1 2 3 4 5 6 7 8 9 "Sima Kamil, United Bank Ltd: Profile and Biography". Bloomberg Markets. Retrieved 21 August 2019.
  6. 1 2 3 4 "Sima Kamil - 2018 AACSB Influential Leader". aacsb.edu. AACSB. Retrieved 21 August 2019.
  7. ↑ "Pakistan's Only Powerful Women In Business". Pakistan Today. 7 March 2017. Retrieved 21 August 2019.
  8. ↑ "Sima Kamil appointed SBP deputy governor". Dawn. 2020-08-26. Retrieved 2021-09-23.
  9. ↑ "Ms Sima Kamil - Deputy Governor, State Bank of Pakistan". State Bank of Pakistan. Retrieved 25 May 2021.
  10. ↑ Ellis, Eric (2021-09-13). "The gamekeeper: Sima Kamil". Asiamoney. Retrieved 2021-09-23.
  11. ↑ "Sima Kamil, MBA - Biography". marketscreener.com. Retrieved 21 August 2019.
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